KONICA MINOLTA

About Konica Minolta

Giving Shape to Ideas

Aiming to Further Expand Its Core Office Equipment Business in the High-Growth Market
Konica Minolta Establishes a Sales Subsidiary in India

Tokyo (August 25, 2010) -- Konica Minolta Business Technologies, Inc. (Konica Minolta) is pleased to announce that it has established a wholly-owned office equipment sales subsidiary in India.

Background and purpose of the new company

Konica Minolta has been distributing its office equipment in India through local distributors in the past years. In light of the rapid economic growth in India, it became essential to formulate a sales strategy to better meet the specific needs in the Indian market. With this awareness, Konica Minolta decided to establish the new subsidiary in India to make committed efforts to increase sales in this promising market. Through the new subsidiary, Konica Minolta aims to increase customer satisfaction and reinforce its ability to develop businesses locally by strengthening marketing; enhancing and expanding the existing sales network; exploiting new sales channels; and improving customer service.

The establishment of the new subsidiary in India is meant as part of the global strategy of the Konica Minolta Group to increase profitability and growth potential in newly emerging markets.

Outline of the new company

Company name Konica Minolta Business Solutions India Private Limited
Representative Tadahiko Sumitani (permanent representative)
Jun Haraguchi (absentee representative)
Location Building 8, 10th Floor, Tower C, DLF Cyber City, Phase - II, Gurgaon, Haryana, INDIA *1
Established July 1, 2010
Capital(Authorized capital) 1.2 million Rupees 120 million Rupees
Shareholders Konica Minolta Business Technologies, Inc. 99.9%
Konica Minolta Business Solutions (S) Pte. Ltd. 0.1%
Business activities Import/sale and customer service of office equipment including MFPs(multi-functional peripherals)*2 and production printing products, and related supplies
Number of employees 20 employees (in the first year)

Konica Minolta will remain committed to developing original and reliable products with outstanding TCO (Total Cost of Ownership)*3, productivity and environmental friendliness in the fields of office equipment and production printing systems. Furthermore, Konica Minolta will continue to make concerted efforts to offer optimal solutions to our customers to better meet their ever-diversifying needs and expectations, while working with local communities to achieve mutual development and prosperity.

*1
The new company will move to this location in the middle of October 2010. The following is its tentative office until then: Vatika Business Centre First India Place 2nd Floor, Block B, Sushant Lok Phase-1, M G Road, Gurgaon, Haryana, INDIA
*2
MFPs: Multi-functional peripherals having versatile functions including copiers, printers, scanners, and facsimiles.
*3
TCO : Total cost necessary to install, use, maintain and manage the production printing system

Konica Minolta Business Solutions India website´╝Ü

http://www.konicaminolta.in/ (India Top)
http://www.konicaminolta.in/business (India Business Products Top)

*Corrected on August 25, 2010.

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