Konica Minolta, Fujifilm Sign Memorandum to Study Potential Joint Venture
Provided by
Dow Jones
By Denny Jacob
Konica Minolta and Fujifilm signed a memorandum of understanding to begin a feasibility study for an alliance in the printer, office printer and production printer segments.
The tentative timetable for establishing a joint venture is in the second quarter. The JV would explore coordinating the procurement of raw materials and parts.
The shareholder ratio under an agreement would see a majority ownership by Fujifilm Business Innovation.
"We are confident that this partnership will create a new framework to enhance our supply chain," said Fujifilm Business Innovation Chief Executive Naoki Hama.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 15, 2024 10:05 ET (14:05 GMT)
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