Attention should be paid to Canon's shielding thermal conductive materials. The electronics giant has announced the discontinuation of production and is currently negotiating a solution with employees

In two days, Canon Zhuhai Co., Ltd. will celebrate its 32nd anniversary. However, a recent announcement with the official seal of Canon Zhuhai Co., Ltd. circulated online, stating the decision to "terminate the company's production".

On the 13th, a reporter from First Financial called the Zhuhai High tech Zone Management Committee to verify. The staff of the management committee confirmed this news and stated that Canon Zhuhai has reported the relevant matters to the management committee. The management committee has involved relevant departments to urge the company to protect the rights and interests of employees in accordance with laws and regulations. Canon Zhuhai's termination of production is a business behavior of a company. According to our understanding, the company is currently discussing a disposal plan with its employees, and if a consensus is reached, it will be announced in a timely manner

According to the "Canon Zhuhai 2020 Environmental Report" released on the Canon Zhuhai official website on December 1, 2021, Canon Zhuhai Co., Ltd. currently has 1317 employees. As of the end of 2020, the company's total investment was 220 million US dollars. In 2020, it actually produced 12.29 million lenses, 1.029 million digital cameras, and 94000 digital cameras.

According to the announcement, due to the sharp contraction of the global camera market in recent years and the long-term prevalence of COVID-19 virus, the company's business is facing unprecedented difficulties. Although the company and all employees have made joint efforts, they still failed to turn the corner. The headquarters had to adjust the overall business structure of the group, and after careful study, made a difficult decision: to terminate the company's production.

The termination of production by the company has a huge impact on employees. Canon Zhuhai stated in the announcement that it plans to propose a preferential plan for employees to terminate their labor contracts through mutual agreement. Starting from the 12th, the company will engage in consultations with the union and employee representatives in accordance with the law. After full consultation and agreement, and reporting to relevant departments, the plan will be determined.

Canon Zhuhai Co., Ltd. was established on January 15, 1990, located in Beiling, at the foot of Banzhang Mountain in Zhuhai City. From the initial lenses and cameras, to later printers, fax machines, scanners, and CIS (Contact Image Sensors). In order to meet the needs of urban planning and development in Zhuhai, the company relocated to Jinding Industrial Zone located in Zhuhai High tech Zone on November 27, 2013. At present, the products mainly include lenses, digital cameras, digital camcorders, etc.

According to Qixinbao's information, the shareholders of Canon Zhuhai Co., Ltd. are Canon Japan and Canon (China) Co., Ltd., with shareholding ratios of 83.08% and 16.92% respectively.

According to the official website of Canon (China) Co., Ltd., Canon's business in China began in the late 1970s. From initial technical cooperation to sole proprietorship and establishment of a sales company, we have gone through the exploration of various business models. In March 1997, Canon (China) Co., Ltd. was established, fully responsible for all aspects of Canon's sales in the Chinese market. Currently, it has basically established five regional headquarters.

It is worth noting that according to Qixinbao, Canon (China) Co., Ltd. has invested in a total of 13 enterprises, including Canon Zhuhai Co., Ltd. In addition, there are Canon (Suzhou) Co., Ltd., Canon (Suzhou) System Software Co., Ltd., Canon Jingji Lizhikai High tech (Shenzhen) Co., Ltd., etc., with products covering color digital multifunctional machines, black and white digital multifunctional machines, office peripheral equipment, and software products.