Canon Virginia Invests $27 Million To Add Manufacturing Division At Newport News, Virginia Plant
Headquartered in Newport News, Canon Virginia Inc. serves as the manufacturing support center for Canon U.S.A. The firm utilizes world-renowned production systems and extensive technical and manufacturing expertise to offer manufacturing solutions, including injection mold tools, metal and plastic parts, product manufacturing and reverse manufacturing.
"This investment and expansion is a symbol of our commitment to the Commonwealth of Virginia," said Toru Nishizawa, president and CEO of Canon Virginia, Inc. "We thank Governor McDonnell and the City of Newport News for presenting us this generous grant, which will help us complete the expansion successfully."
Governor McDonnell met with Canon Inc. in Tokyo about this project during his recent Asia Marketing Mission. Gov. Bob McDonnell said, "The Commonwealth and Canon Virginia have maintained a strong partnership for nearly 30 years, and I am honored to have the opportunity to work directly with the company and its parent to continue to strengthen that bond.
“This investment and expansion project is significant for the Newport News campus, as it represents not only a new opportunity stemming from our recent visit to Japan, but also maintains the focus of Canon's overall global production strategy and the role that the Virginia operations play,” the Governor added. “The addition of toner manufacturing at the Newport News campus further solidifies the future viability of the plant and brings Canon Virginia's total capital investment to more than $371 million in just the last four years."
"Continued investment in Canon Virginia's Newport News operation is tremendous news, as the company employs nearly 2,000 citizens of the Commonwealth," said Jim Cheng, Virginia Secretary of Commerce and Trade. "We are thrilled that toner production will now be at the Virginia operation, and are confident that it will provide a strategic advantage to house the process onshore and build on the success that Canon Virginia has experienced in the Commonwealth since 1985."
The Virginia Economic Development Partnership worked with the City of Newport News to secure the project for Virginia. Governor McDonnell approved a $3 million performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies.
2023's Leading Metro Locations: Hotspots of Economic Growth
The Logistics Analysis That Drives Industrial Site Selection
2023 Top States for Doing Business Meet the Needs of Site Selectors
Technology’s Influence on Workforce Development
Workforce Q4 2023
AI 101 for Site Selection
First Person: Realizing the Inflation Reduction Act’s Full Potential
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects