Ricoh-Toshiba news commentary | Print4Pay Hotel

Art PostAdmin VIP

Ricoh-Toshiba news commentary

Article in Nikkei Asia News about the new Ricoh Technology Company (which will make MFPs and printers for both Toshiba Tec and Ricoh)

When company executives were asked reason for new venture, “they cited declining demand and the rise of remote work”
“preventing the outflow of cutting-edge technology to China might have also factored in”
“The coronavirus changed the landscape”; stated Ricoh CEO Akira Oyama
- Plans to “develop core parts that other companies (MFP competitors) find attractive”
“expects the office machine market to continue shrinking even after COVID-19
Ricoh owns 85% of new company
Parts and materials will be purchased jointly, and production bases will be shared
“Sales are expected to decline in the medium to long term, but standardizing core parts for both companies will improve our cost structure”; stated Toshiba Tec CEO Hironobu Nishikori
Global shipments of MFPs totaled 4.06 million units worldwide in 2022
- Down 16% from 5 years ago

6/1/237:27 AM

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What exactly does “production bases will be shared “ mean?

Art PostAdmin VIP

not sure what that means as well

6/4/238:40 PM

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