Hoya to Shut Down China Factory, Transfer to Philippines

HOYA Logo

Tokyo-based HOYA Corporation is shutting down its Chinese subsidiary to transfer its lens-unit manufacturing operations to a Pentax camera factory in the Philippines. HOYA acquired Pentax Corp. earlier this year.

With the move, HOYA aims to enhance productivity and speed up the delivery of products to customers. HOYA appears to be struggling to make a profit despite the growth of the digital camera market globally.

The global market for compact and single-lens reflex digital cameras is forecast to grow 12 per cent on the year to 111.94 million units in 2008 as markets in Brazil, Russia, India and China expand.

Just last week, Hoya also announced that it would close its Shanghai unit and transfer its lens operations to Vietnam.

[Site: Hoya.co.jp]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

One thought on “Hoya to Shut Down China Factory, Transfer to Philippines

  1. brad

    Now that’s interesting. I’m sure we’ll never hear the real reasons why, but I wonder if this is a sign that there are places cheaper than China to make stuff, or if productivity and quality levels drove the decision. Whatever the reasons, I hope it works well for Hoya/Pentax.

    I’m not surprised that anybody’s having a hard time making a profit though. The market’s never been more competitive and crammed. That’s generally a good thing for consumers, but not if we start losing key players…


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