Konica Minolta Establishes Sales Subsidiary in Thailand, Aiming to Further Expand Its Core Office Equipment Business in High-Growth Market

General Press Releases Tuesday May 6, 2014 14:53
TOKYO--(BUSINESS WIRE)--May. 02, 2014
Konica Minolta, Inc. (Konica Minolta) (TOKYO:4902) (ISIN:JP3300600008) today announced that the company has established a wholly-owned office equipment sales subsidiary in Thailand.

Konica Minolta has been distributing its office equipment in Thailand through local distributorship. In light of high expectation for further economic growth and increasing demand, it became essential to formulate a sales strategy to better meet the specific needs in the Thai market and thoroughly focus on the local customers. Konica Minolta decided to establish the new subsidiary, Konica Minolta Business Solutions (Thailand) Co., Ltd. (BTH), to make committed efforts to increase sales in this promising market.

On April 25, 2014, BTH concluded with Inter Far East Engineering Public Company Ltd., Thai distributor of Konica Minolta, a business transfer agreement under which Inter Far East Engineering Public’s office equipment business is transferred to BTH. (The agreement is subject to approval by Inter Far East Engineering Public’s extraordinary meeting of shareholders on June 3, 2014. The transaction is expected to become effective on July 1, 2014.)

With the establishment of the new subsidiary, Konica Minolta will further improve customer satisfaction and enhance business development capabilities through marketing empowerment, expansion and creation of sales channel, and provision of superior customer service, among others.

Outline of the new company
Company name: Konica Minolta Business Solutions (Thailand) Co., Ltd.
Managing Director: Osafumi Kawamura
Location: 399 Interchange 21 Building, 32 FL., Sukhumvit Road, North Klongtoey Sub-District, Wattana District, Bangkok Metropolis, Thailand
Established: March 3, 2014
Capital (Authorized capital): Thai Baht 369,000,000
Shareholders: Konica Minolta Business Solutions Asia Pte. Ltd.
Ownership: 100%
Business activities: Import, sales and provision of customer service for office equipment including MFP, Production Printing Machine, Printer and related consumables and parts
Outline of Inter Far East Engineering Public Company Ltd.
Established: 1977
Location: 33 Soi Ramkhamhaeng 22, Ramkhamhaeng Road, Huamark, Bangkapi, Bangkok, Thailand
CEO: Mr. Narong Taychachaiwong
Number of employees: 362 (as of end of December 2013)
Consolidated sales: Thai Baht 630 million (as of end of December 2013)
Business Activities: Import, sales and provision of customer service for office equipment including MFP, Production Printing Machine, Printer and related consumables and parts
About Konica Minolta

With its Brand Proposition “Giving Shape to Ideas,” Konica Minolta is committed to giving shape to ideas of its customers and broader society and contributing to realizing society of high quality through “The Creation of New Value.”

Learn more at www.konicaminolta.com
CONTACT:
Konica Minolta, Inc.
Kazuhiro Ishikawa, +81 3 6250 2100
Corporate Communications
kazu.ishikawa@konicaminolta.com

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