Fuji Xerox Co. Ltd., a wholly owned subsidiary of
Fujifilm Holdings Ltd.
), has established an office in Myanmar. Fuji Xerox, which takes
care of the Documents Solutions business of the group, has become
the first player in the office equipment industry to start its
direct business operations in Yangon, the Republic of the Union
Fuji Xerox already had a market for its printers and copiers
in Myanmar through local dealers. In order to tap the growth
potential of the emerging economy, the company established a new
office, which became operational on Apr 1.
The new office in Myanmar was set up after a thorough study of
the market potential, undertaken by Fuji Xerox Asia Pacific Pte
Ltd in Oct 2012. Subsequent to the government change in the
country in 2011, the region has become lucrative for foreign
investments, thereby giving companies like Fuji Xerox a scope for
Led by Mr. Yoshio Handa, the new establishment will help Fuji
Xerox to provide maintenance and customer support to the dealers
in Myanmar. The establishment is seen as a crucial step taken by
Fuji Xerox to revive its business.
Fujifilm Holding's Document Solutions segment offers office
copy machines, printers, production systems and services, paper,
consumables and office services. In the third quarter of fiscal
2013, the segment generated revenue of ¥245.1 billion, increasing
3.4% year-over-year. Despite an increase in revenue, operating
profit for the segment declined by 8.0% year-over-year to ¥16.2
billion, due to a demand deterioration in Europe.
Fujifilm Holdings currently carries a Zacks Rank #3 (Hold).
Other technology stocks worth a look in the industry are
Advanced Energy Industries Inc.
Orbit International Corp.
), both carrying a Zacks Rank #1 (Strong Buy), whereas
Applied Materials Inc.
) carries a Zacks Rank #2 (Buy).
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APPLD MATLS INC (AMAT): Free Stock Analysis
FUJIFILM HLDGS (FUJIY): Free Stock Analysis
ORBIT INTL CORP (ORBT): Get Free Report
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