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Fujifilm threatens Xerox if partnership not renewed

Published 06/27/2018, 08:49 AM
© Reuters.  Fujifilm threatens Xerox if partnership not renewed
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  • Fujifilm (OTCPK:FUJIF, OTCPK:FUJIY) threatens to compete against Xerox (NYSE:XRX) in the Asia-Pacific market and challenge it in the U.S. and Europe if it does not renew its technology agreement in 2021.
  • XRX said on Monday it would begin sourcing products from new vendors to lower its dependency on Fujifilm and may not renew the agreement with the Fuji Xerox joint venture.
  • “While Xerox presently has no marketing facilities here in Asia-Pacific, we have global infrastructure that we can utilize for marketing worldwide," Fujifilm CEO Shigetaka Komori said in a letter to newly appointed XRX CEO John Visentin.
  • Now read: Home Capital Group Is A Good Buy In 2018


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