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Nikon to close digital camera plant in China

Better smartphones zapping demand for entry-level compacts

Nikon's sales of compact digital cameras are expected to decline 28% this fiscal year.

TOKYO -- Nikon plans to shutter a digital camera factory in China as increasingly sophisticated smartphone cameras undercut the market for cheaper compact models.

The Japanese precision equipment manufacturer will make an official decision at a board meeting Monday. The Jiangsu plant, which employs some 2,500 workers, turns out entry-level compact digital cameras and interchangeable lenses for single-lens reflex cameras. Some production will be outsourced and Nikon will continue to sell cameras in China, where it controls nearly 30% of the market.

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