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Shuttered Chinese factory kicks off round 2 in Nikon restructuring

Profits over expansion new focus, but company's growth strategy unclear

People walk past a Nikon retailer in Tokyo. The camera maker has embarked on structural reform that prioritizes profitability over expansion.   © Reuters

TOKYO -- Nikon officially announced on Oct. 30 plans to close a digital camera plant in Wuxi, China as part of its structural reform program running through fiscal 2018, which prioritizes profitability over expansion.

"We regretfully halt operations today. Our operating rates are falling," the plant chief's voice echoed through the factory speakers. The roughly 2,300 employees of the plant, located in Jiangsu Province, listened calmly. 

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