NEWPORT NEWS--Canon Virginia Inc. says it will invest $27 million to expand its operation in Newport News.
The company plans to add the manufacturing of toner for Canon copiers in 30,000 square feet of upgraded space at its Newport News campus.
Speaking about the announcement, Governor McDonnell said, "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.”
Headquartered in Newport News, Canon Virginia Inc. serves as the manufacturing support center for Canon U.S.A.
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.
“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.”