Fuji Xerox Co., Ltd. officially announced on February 5, 2003 that it will spin off its office laser printer business, including R&D, manufacturing and marketing functions, to its newly established Fuji Xerox Printing Systems Co., Ltd. The new company will commence operations April 1, 2003.
At the same time, the former Fuji Xerox Printing Systems Co., Ltd., (printer sales company established in October 2001) will change its name to FXPS Sales Co., Ltd., and fall under the newly established company along with Niigata Fuji Xerox Manufacturing Co., Ltd. (printer R&D and manufacturing company established in October 2001).
By spinning off Fuji Xerox's office printer business, which has a different business model from its legacy business model, Fuji Xerox will integrate all of its office printer business resources into the new company to realize flexible, speedy management. Moreover, Fuji Xerox Printing Systems will adopt a management system that best fits its business model, to consolidate and strengthen its specialized skills as well as further leverage its competitive advantages in the office printer business.
Fuji Xerox's corporate vice president and deputy general manager of Fuji Xerox's Printer Business Unit, Kiyoshi Horie, will assume the position of president of the new company. Fuji Xerox Printing Systems will be responsible for R&D and manufacturing of office laser printers, and will continuously supply laser printers to Fuji Xerox, Fuji Xerox's affiliates, OEM customers, and to NEC Corporation via FXPS Sales Co., Ltd., as well as exports to overseas markets. The company aims to capture double digit share in the global market by 2005.
There will be no changes in customer inquiries or maintenance services.
