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Fujifilm sells Chinese factory for car camera lenses

Japanese group outsources production to local player as competition rises

Cameras line the roof of an autonomous Acura car at Honda Motor's testing grounds in California. Cameras are becoming standard equipment in today's high-tech cars.   © Reuters

TOKYO -- Japan's Fujifilm Holdings will sell a Chinese plant that makes lenses for automotive cameras to smartphone industry supplier O-film Tech as competition squeezes profit margins in a field primed for growth

Fujifilm will buy components made at the Tianjin factory after the sale to supply to its own customers, aiming to use its resources more efficiently.

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