Canon Inc. has announced that it is building a new manufacturing company in Thailand.

The manufacturing facility will be for the assembly of digital multifunction office systems and services parts that will make possible the creation of a flexible production system. The company has recently bought a piece of land in Prachinburi province, Thailand, where Canon Prachinburi Thailand Ltd will be located. Due to the foreseen increasing demand for competitively priced multifunction devices has pushed Canon to secure necessary production capacity while allowing it to respond in a flexible manner. Canon plans to commence construction for the new facility in February 2012 with operations scheduled to begin in April 2013. The new company plans to employ around 1,000 employees by the end of 2013.