By Denny Jacob
Konica Minolta and Fujifilm signed a memorandum of understanding to begin a feasibility study for an alliance in the printer, office printer and production printer segments.
The tentative timetable for establishing a joint venture is in the second quarter. The JV would explore coordinating the procurement of raw materials and parts.
The shareholder ratio under an agreement would see a majority ownership by Fujifilm Business Innovation.
"We are confident that this partnership will create a new framework to enhance our supply chain," said Fujifilm Business Innovation Chief Executive Naoki Hama.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
04-15-24 1005ET