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Canon Inc. (ADR) (NYSE:CAJ) Signs Business Deal With Volkswagen AG

Boston, MA 05/15/2014 (wallstreetpr) – Canon Inc. (ADR) (NYSE:CAJ) through its digital imaging solutions subsidiary Canon U.S.A., Inc, has inked a global service agreement with Volkswagen, a German automobile maker.

The agreement covers the next few years during which Canon will provide multifunction office services and solutions to offices and factories of Volkswagen worldwide.

The latest agreement extends Canon’s corporate business deals as the company seeks to attract higher revenue by winning big customers to its side. The company expects the deal with Volkswagen to serve as a stepping stone to more lucrative deals with global customers. The company also hopes that the latest deal will lead to more businesses between the companies in the future.

Quality products and a solid reputation

Coming to win a global contract from Volkswagen is no mean achievement and Canon Inc. (ADR) (NYSE:CAJ) believes that its product quality and reputation played a role in winning the business. The company has in recent times focused on producing energy efficient products that not only support reduction of power usage on the side of customers, but also play a role in helping customers to reduce their environmental impact especially in the face of global warming.

The company also boasts advanced technological capability through reliable equipment and tailored solutions that meet the unique needs of its customers.

Global support

Canon Inc. (ADR) (NYSE:CAJ) launched a global account management platform in 2004 through which it continues to provide unified services to its global customers. The platform responds to the needs customers with global operations to enhance customer experience and support service offering.

The company acknowledges that the business landscape keeps on changing, and it intends to become a change-agent in the dynamic industry where customers not only select suppliers on the basis of product quality, but also on their corporate bearing.

Shares of Canon Inc. (ADR) (NYSE:CAJ) have been in a gradual uptrend in 2014. Though the shares dropped 0.09 percent to close at $32.32 on Wednesday, they are up 3.9 percent in the past one month and up 1 percent since the beginning of the year.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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