FUJIFILM Business Innovation Corp. and Konica Minolta, Inc. announced that they signed a Shareholders Agreement (Joint Venture Agreement) on July 8 to establish a joint venture to coordinate the procurement of raw materials and parts. This agreement is the result of a feasibility study for a strategic alliance in the multifunction printer (MFP), office printer, and production printer segments that began in April 2024.
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Through the newly established joint venture, FUJIFILM Business Innovation and Konica Minolta will leverage their extensive supplier networks to strengthen their business foundations by establishing a robust supply system for their products and streamlining their business processes.
Outline of the new joint venture
| Company Name | * TBD (To Be Determined) |
|---|---|
| Location | Shin-Yokohama, Kohoku-ku, Yokohama City, Kanagawa Prefecture（expected） |
| Capital | 50 million yen |
| Date of Establishment | September 30, 2024（expected） |
| Representative | Masaharu Furukawa （Corporate Vice President and Director, FUJIFILM Business Innovation Corp.） |
| Number of Employees | 223（expected）※Including temporary employees Number of employees seconded from each company – FUJIFILM Business Innovation 162 employees – Konica Minolta 56 employees |
| Shareholding Ratio | FUJIFILM Business Innovation 75% Konica Minolta 25% |
| Business Description | ・Development of procurement strategies and deployment to the procurement function divisions at each production site ・Procurement lead function, including negotiation with suppliers and procurement management ・Procurement services to ensure quality, cost, delivery, and environmental compliance of externally purchased goods |
Source: Tonernews
Covered By: Imaging Solution / FUJIFILM
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