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Konica Minolta To Merge Toner Chemical Subsidiaries In Japan.
By Joshua Allsopp.Tokyo, Japan, Konica Minolta is to merge two of its domestic manufacturing subsidiaries in Japan.
It is combining the operations of Konica Minolta Supplies with Konica Minolta Supplies Kansai, both makers of chemical products used in a number of the group’s toners and peripheral products.
Effective 1 April 2018, the move is part of the firm’s medium-term business plan which sees it shift focus to a more profitable corporate structure and reorder its production system.
The integration will allow the group to expand its mix and develop new functional chemical products not only for existing technologies but also for new business areas, it said. This could include digital and ‘next generation’ manufacturing.
Following the merger, it will form Konica Minolta Supplies Manufacturing, based In Kofu City, with a collective market capital of ¥200 million ($1.8 million).
At the start of the year, Konica Minolta CEO Shoei Yamana called 2018 the ‘Year of Innovation’ for the company. He introduced plans to become a "digital company with insight into implicit challenges".
He said the group would continue to leverage its long-standing advantages in digital technologies alongside rapidly advancing trends such as AI, robotics, IoT and Deep Learning.
https://www.opi.net/news/konica-minolta-to-merge-toner-chemical-subsidiaries/
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