Virginia Governor Timothy M. Kaine announced that Canon Virginia, Inc. would invest a total of more than $600 million as part of its “Vision for the Future” program. The investment will be used to expand Canon Virginia’s operations in Newport News, including the construction of a new manufacturing facility. It will also enhance the repair and refurbishing operations for select Canon products. These developments involve the planned creation of more than 1,000 new jobs.
In addition, Canon will invest to expand its Industrial Resource Technologies, Inc. (IRT) subsidiary, owned by Canon Virginia and Canon U.S.A., in Gloucester County. IRT recycles toner cartridges and reclaims cartridge materials. This part of the expansion plans is expected to create additional jobs.
“Canon’s planned total investment and creation of more than 1,000 jobs is spectacular news for Virginia,” said Governor Kaine. “Canon Virginia has been a significant corporate partner to Newport News and the Commonwealth for 23 years and employs nearly 1,500 Virginians. A key driver of the expansion decision was the development of a workforce pipeline to recruit and train the many new employees, and the Virginia Community College System stepped up to the plate to provide a solution for Canon in the Hampton Roads region.”
Headquartered in Newport News, Canon Virginia, Inc. serves as the lead manufacturing support center for Canon U.S.A. “We are excited about this tremendous opportunity to grow and expand our operations in Virginia,” said Mr. Takayoshi Hanagata, president and CEO of Canon Virginia Inc. and IRT. “We appreciate the outstanding support of our many partners at the Commonwealth of Virginia, the City of Newport News and Gloucester County who are assisting in making our vision for growth in Virginia a reality.”