News release
Ricoh Establishes a New Company for Processing and Marketing Thermal Transfer Ribbons in Indonesia
June 24th, 2015
Ricoh Company, Ltd. has established P.T. Ricoh Thermal Media East Asia Pacific (hereinafter "RTM-EAP"), a company responsible for local slit operations* and marketing of thermal transfer ribbons across the country, in Bekasi, West Java, Indonesia. RTM-EAP will start business on July 1, 2015 with capital of 15 billion Indonesian rupiah (about 140 million yen). The investment ratio is 99% Ricoh, and 1% Ricoh Asia Pacific.
In the Thermal Media Business, Ricoh develops, produces and markets durable, high-value-added thermal paper used mainly for barcodes and thermal transfer ribbons used for production control as well as logistics and inventory control, such as for food POS, and the company has earned a large share of the market in many regions around the world. As for China and other Asian countries, which are growing rapidly, Ricoh entered the Chinese market in 1997 and the Indian market in 2012 and is aggressively pursuing business in these markets.
The Ricoh Group positions June as "Ricoh Global Eco Action Month," and in line with this theme the company is conducting "Ricoh Global Eco Action 2015," a special event to encourage Group company employees to think about the earth environment and take eco actions. The use of green power is such action. Going forward, Ricoh will continue holding Ricoh Global Eco Action as a springboard for promoting global environmental conservation initiatives and eco-awareness activities all over the world.
Indonesia is expected to become the largest country in terms of consumption in the ASEAN region in the future. With the expansion of consumption, the demand for barcode labels is expected to grow significantly from now on. Ricoh will launch local slit operations as one of the earliest manufacturers doing so, enabling the company to provide products used for industrial applications, foods and logistics that meet local customer needs in size and environment-resistant characteristics.
In addition in other ASEAN markets, which are predicted to expand similarly, Ricoh will accelerate its business by establishing a customer-oriented production and marketing structure centered on Indonesia.
COMPANY OUTLINE
Name: P.T. Ricoh Thermal Media East Asia Pacific
HQ Address: Bekasi, West Java, Indonesia
Capital: 15 billion Indonesian rupiah (about 140 million yen)
Investment ratio: 99% by Ricoh, 1% by Ricoh Asia Pacific
Establishment: July 1, 2015
Chairman: Yasutomo Mori
Managing Director: Tomiharu Kinoshita
Number of employees: 11 (the first year of establishment)
| About Ricoh |
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2014, Ricoh Group had worldwide sales of 2,195 billion yen based on the IFRS accounting standard (approx. 21.3 billion USD).
The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.
Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.
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