Toshiba Group Restructures Copier Business to Advance Business and take Advantage of Emerging Trends in Digitization|
27 August, 1998
Toshiba Lighting & Technology Corporation
Tokyo--Toshiba Corporation and TEC Corporation, one of the leading members of the Toshiba Group companies, today jointly announced a major restructure, under which Toshiba's plain paper copier business will be transferred to TEC on January 1, 1999. The integration reflects the key trend in the office equipment market, the digital convergence of the image processing technologies used in copiers, facsimiles and printers.
In carrying out the transfer, TEC will raise its capitalization, and Toshiba will increase its investment in the company to over 50 percent. TEC will also rename itself, becoming Toshiba TEC Corporation. At the same time, TEC will transfer its lighting fixture manufacturing business to Toshiba Lighting & Technology Corporation, also on January 1, 1999. This extensive restructure will reinforce Toshiba Group's capabilities. Centralization of these related business will promote efficiency of resources and increase competitiveness in product development, manufacturing and sales.
Integration of PPC Business at TEC
With the copier industry witnessing a transition from analogue to digital technology that is fast promoting the fusion of copiers with previously stand-alone document-processing equipment, the merger of Toshiba's copier business with TEC's imaging equipment business will position Toshiba Group to take full advantage of the trend to electronic imaging solution with networking capabilities. The business integration will also contribute to streamlined operations and a better deployment of product development and manufacturing resources.
The integration strategy will first be applied to the domestic business and, once completed, we expect to extend it to Toshiba's overseas subsidiaries of PPC development and manufacturing operations.
Transfer of Lighting Business to Toshiba Lighting & Technology
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