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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.

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