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Last week’s top news in the industry included significant developments in office equipment manufacturing and digital imaging solutions.
Ricoh Co. and Toshiba Corp. revealed plans to consolidate their office equipment manufacturing operations into a new company in 2024, according to a Nippon.com article. This move follows a decline in the office equipment market due to digitalization and the COVID-19 pandemic’s effects.
Further details on the Ricoh and Toshiba Tec strategic business integration were also released. The two companies aim to pool their resources in the development and production of multifunction printers and related devices, a plan designed to bolster their position in an increasingly digital office environment. They intend to formalize this integration between April and June 2024.
Meanwhile, All Copy Products (ACP) announced a merger with LaserCycle USA, a Colorado-based dealer renowned for its innovative approach to toner cartridge recycling and remanufacturing. This merger is expected to improve ACP’s service capacity and expand its technology suite.
Moreover, Ricoh officially declared its plans to integrate the research, development, and production of its business machines with Toshiba Tec, holding an 85% stake in the new venture set to commence operations in April 2024. This merger aims to streamline the purchasing of parts, materials, and usage of production bases.
Finally, Canon U.S.A. Inc. added several new models to its imageRUNNER ADVANCE DX product line. The fresh entries are designed to simplify the end-user experience, provide better control over sensitive information and print-related costs, and ensure that technology investments adapt to changing needs.
SOURCE Industry Analysts Inc.
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