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Konica Minolta, H-P tie up on copiers
Tokyo, Aug 27: Japanese photo film and copier maker Konica Minolta Holdings said on Wednesday it had agreed with US computer and printer maker Hewlett-Packard to jointly develop digital multi-function copiers.
Tokyo, Aug 27: Japanese photo film and copier maker Konica Minolta Holdings said on Wednesday it had agreed with US computer and printer maker Hewlett-Packard to jointly develop digital multi-function copiers.
The alliance is Konica Minolta's first major strategic step after the company was created earlier in August through a merger of camera and office equipment makers Konica Corp and Minolta in a bid to enter the top ranks of office equipment makers.
Under the agreement, Konica Minolta will make the core parts of the advanced machines and supply them to HP, which will sell the products through its sales network under its own brand after adding its own electronic control mechanisms and software.
Multi-function copiers include such features as fax machines and printers.
Shipment to HP will start as early as in October, with sales estimated to total about 10 billion yen ($85.23 million) in the first year.
Bureau Report
Under the agreement, Konica Minolta will make the core parts of the advanced machines and supply them to HP, which will sell the products through its sales network under its own brand after adding its own electronic control mechanisms and software.
Multi-function copiers include such features as fax machines and printers.
Shipment to HP will start as early as in October, with sales estimated to total about 10 billion yen ($85.23 million) in the first year.
Bureau Report