Konica Minolta to Halt Production at Chinese Subsidiary | Print4Pay Hotel

Art PostAdmin VIP

Konica Minolta, Inc. has decided to cease production at its Chinese subsidiary, Konica Minolta Business Technologies (WUXI) Co., Ltd., to optimize its manufacturing strategy and strengthen profitability. The production will be transferred to other facilities in Malaysia, Japan, and Dongguan, China, aiming to maintain a stable product supply and enhance the company’s global supply network. This strategic move is anticipated to result in a 6 billion yen loss for the fiscal year ending March 2025, a figure that was already factored into the consolidated forecasts.

8/20/249:21 PM

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Art PostAdmin VIP

Calculation:

6,000,000,000 JPY × 0.0068 USD/JPY ≈ $40,800,000 USD

So, 6 billion yen is approximately 40.8 million US dollars.

grizzlyadamsMaven VIP

I feel like some consolidations are on the horizon.

8/22/2412:54 PM

Art PostAdmin VIP

most likely and very soon!

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