Due to the drastic contraction of digital camera sales resulting from consumers’ changing habits, leading Japanese digital camera maker Nikon announced on Monday it was shutting down its plant in Wuxi, East China’s Jiangsu province.
Nikon Imaging (China) Co Ltd (NIC) was established in Wuxi in 2002 and was responsible for the manufacturing of digital cameras and lens units. The Japanese camera maker has two other digital camera production bases in Japan and Thailand.
According to the company’s announcement, the Wuxi plant stopped operation mainly due to the rise of smartphones.
“The compact camera market has been shrinking rapidly, leading to a significant decrease in the operating rate at NIC and creating a difficult …
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