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Canon looking to reduce costs by using industrial robots, says Nikkei

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A new report suggests that Canon is attempting to save 400 billion yen by increasing its use of industrial robots.

Canon industrial robot
Canon industrial robot

With a surging yen and a struggling Europe, Canon is looking to cut costs — and it's doing it with robots. According to Japanese paper Nikkei, as reported by Reuters, Canon wants to save 400 billion yen ($4.82 billion) over the next four years. And to do that it will be increasing its use of industrial robots, which will be used to produce printer toner, and possibly camera lenses. No other cost-cutting measures were revealed, and it's unclear how this move will affect the company's current workforce. In addition to reducing costs, Canon is also reportedly hoping to boost sales by around 41 percent over the next four years.