Fuji Photo Film Co., Ltd. (Fujifilm) and its consolidated subsidiary
Fuji Xerox Co., Ltd. (Fuji Xerox) have decided to amalgamate their respective
logistics-related subsidiaries, namely, FUJIFILM Logistics Co., Ltd.
and Fuji Xerox Distribution Co., Ltd., effective April 1, 2003.
Fujifilm expanded its equity share in Fuji Xerox from 50 percent to
75 percent in March 2001. Since then, the company has conducted an ongoing
investigation into all business areas to maximize synergies within the
Group. The aim of the current initiative is to strengthen its corporate
structure while enhancing distribution management services by integrating
with Fuji Xerox's distribution subsidiary.
The Fujifilm Group is responding to rapid changes in technology, products,
markets and logistics in each of its major market areas, namely, imaging,
information and documents, by prioritizing the delivery of superior
products to its customers through the most proficient distribution services.
One urgent task is the establishment of a highly efficient logistics
system, namely, the creation of integrated distribution strategies and
management systems to keep pace with globalization and swift advancements
in the business environment.
The two distribution companies mentioned above were previously responsible
for logistics operations within their respective groups. FUJIFILM Logistics's
main business areas revolved around key channels, including production,
sales companies, dealers and laboratories, as well as export and shipping
operations. Fuji Xerox Distribution primarily focused on distribution
of its machines to its customers, including the collection of used machines.
By effectively combining the strengths of each company, the amalgamation
aims to provide the highest quality services to customers both within
and outside the Group.
Details of the new company will be finalized by the end of February
2003.
