Nikon to close a pair of lens factories in Japan among ongoing consolidation, what does it mean?
Nikkei, Nikon will suspend operations at two of its Japanese lens factories by the end of March as part of an overall consolidation plan. The factories in question are Nikon's Nagai Plant in Nagai City, Yamagata Prefecture, and the Aizu Plant in Tadami Town, Fukushima Prefecture. Both factories manufacture lenses for interchangeable lens cameras. Moving forward, Nikkei reports that domestic production will take place at Nikon's factory in Otawari City, Tochigi Prefecture. Nikkei reports that Nikon is adjusting its production system due to market shrinkage.