FUJI-XEROX : TO TAKE 2-3 YRS FOR DEMAND TO RECOVER

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FUJI-XEROX : TO TAKE 2-3 YRS FOR DEMAND TO RECOVER

 user 2009-06-09 at 10:25:34 am Views: 54
  • #22183

    http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUST4019520090603
    Fuji Xerox: to take 2-3 yrs for demand to recover
     TOKYO,
    June 09 – Japan’s Fuji Xerox Co said it will take several years for
    global office equipment demand to return to levels seen before the
    financial crisis, with the sales outlook for industrial nations
    particularly murky.Fuji Xerox, a copier and printer joint venture
    between Fujifilm Holdings  and Xerox Corp , said it plans to focus on
    growth areas such as digital commercial printing operations to drive
    sales. Digital commercial printers are used to produce such documents
    as product manuals and direct mail quickly and in large volume, and are
    a fast-growing segment of the printer market.

    Asked how soon the
    global office machine market is likely to see a full-fledged recovery
    in demand, Fuji Xerox President Tadahito Yamamoto said: “My answer is
    ‘still uncertain’.”In Japan and the United States and Europe it’s still
    difficult to tell. I think it will take another two to three years,”
    Yamamoto said at a meeting with reporters on Wednesday.Parent Fujifilm
    expects sales by its document solutions section, which shows Fuji
    Xerox’s performance, to fall 7.2 percent in the year to March 2010 to 1
    trillion yen ($10.5 billion).Yamamoto said Fuji Xerox aims to double
    its revenues from digital commercial printing operations and
    document-related outsourcing to 400 billion yen by the year to March
    2014.

    In document-related outsourcing, Fuji Xerox carries out
    such tasks as brochure and direct mail design, business letter and
    invoice printing, and hardware maintenance for companies, schools and
    governments.Shares in Fujifilm closed up 2 percent at 2,845 yen,
    outperforming the Nikkei average .N225, which gained 0.4 percent.Fuji
    Xerox is owned 75 percent by Fujifilm and 25 percent by Xerox of the
    United States.