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| Tuesday, 5 February 2008, 23:08 HKT/SGT | |
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Tokyo and Mumbai, Feb 5, 2008 - (ACN Newswire) - With an aim to further expand its business in India, FUJIFILM Corporation (TSE: 4902) has announced its decision to establish FUJIFILM India Private Limited, an overseas subsidiary in India. The local entity will undergo various registration procedures mandated in India, in preparation for an operational launch in March.
India has attracted great international attention as a market place with a strong growth potential, backed by notable economic growth over recent years. Since the 1970s, FUJIFILM has developed and expanded business operations in India through local dealers. It opened a Representative Office there in 1995, and upgraded it to a Branch Office in 2006 to further consolidate the company's business foundation. The decision to establish a local subsidiary reflects FUJIFILM's determination to further expand operations.
The launch of the local company will facilitate an active campaign to develop new markets for digital products in such fields as digital cameras, medical apparatus and graphics equipments. FUJFILM also aims for further business expansion in India by reinforcing technical and marketing support to existing dealers.
With the establishment of the local subsidiary, FUJIFILM will accelerate its efforts to "provide solutions that immediately address market needs" in India which is experiencing significant economic development, and achieve growth in its existing business fields including Photo Imaging, Medical Systems & Life Science, Graphic Systems and Recording Media, while contributing to the development of Indian industries.
Indian Subsidiary:
(1) Name: FUJIFILM India Private Limited
(2) Location: New Delhi, India
(3) Representative: Kenichi Tanaka
(4) Paid-in Capital: 100 million Indian rupees
(5) Business Activities: Import / sales of FUJIFILM products;
Packaging sales of FUJIFILM products and
locally-procured goods; Technical and
marketing support to local dealers
(6) Number of Employees: 29 (planned at the end of FY2008)
About Fujifilm
Fujifilm (TSE: 4901; NASDAQ: FUJIY) is a world leader in the manufacture and marketing of imaging and information systems. Operations are carried out through Information Systems (materials and equipment for graphic arts and printing, office automation, medical imaging systems, industrial materials and data media); Imaging Systems (photographic films, optical products, motion picture films, cameras, digital cameras, videotapes, electronic imaging systems and magnetic tapes); and Photo Finishing Systems (photographic paper, photo finishing equipment and chemicals, photographic developing and printing services and digital colour printers). Fuji Film constantly strives to develop superior technologies and continues to cultivate an imaging and information culture.
Contact:
FUJIFILM Corporation
Corporate Public Relations Division
TEL: 81-3-6271-2000
Topic: Awards
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From the Asia Corporate News Network
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