Canon makes strategic inroads into B2B rental business.Byline: ANI
New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , May 14 (ANI/Business Wire India): Canon India Pvt. Limited, India's No 1. complete digital imaging company in an attempt to take forward its commitment to the next level has announced an investment of Rs 100 crores towards enhancing its rental business as well as infrastructure to support B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G.
B2B - business to business business.
The strategy is to combat the current economic downturn as well as create a growth driver for its Business Imaging Solutions Division. This competitive leasing plan from Canon India is designed to assist the corporate across categories to adopt the latest technologies in document management without having to invest upfront.
Building upon the success of Indian service verticals like education, publishing, telecom and BFSI BFSI Banking, Financial Services and Insurance
BFSI Banking, Finance, Security and Insurance , Canon announced the launch of hi-speed mono (1) See monochrome and monophonic.
(2) (Mono) An open source implementation of the .NET environment for Linux, Unix and Windows platforms, sponsored by Novell. Mono includes a C# compiler and a Common Language Infrastructure (CLI) runtime engine. production digital press range under award-winning imagePRESS line. The new flagship model, imagePRESS 1135 is a versatile and highly reliable product suitable for mission critical applications like large scale bill printing. With this launch Canon now offers an enhanced portfolio of 80 business imaging products and solutions.
"As an industry leader, Canon India had made investments in three demo centres called Business Solution Lounges last year. In the current downturn, sustaining operational excellence without additional capital investments has become a necessity for corporates across sectors. We at Canon have taken the lead in partnering with our customers to create a rental business model. This required higher capital infusion Capital infusion
Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. . Hence, we decided to invest Rs 100 crores in Canon India's capital base", said Kensaku Konishi, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Canon India.
During 2008 the total market size for Digital Copier Multi-Functional Devices was 78,564 units as per IDC. Canon was ranked No. 1 with 21.4% market share. The total industry growth in 2008 was 21%. During Q1 2009, the B2B segment in India registered a de-growth of approximately 20%. On the Digital Mono Production Printing space, there are estimated 300 installations with a market size of about 100 mid and high production machines a year. The Digital Colour Printing Press industry has over mid and hi-end 200 installations and a market size of around 100 machines a year. The total market size for the above 3 categories is Rs 1000 crores.
Speaking on the occasion, Alok Bharadwaj, Senior Vice-President, Canon India said "We have observed a transformation of corporate mindset mind·set or mind-set
1. A fixed mental attitude or disposition that predetermines a person's responses to and interpretations of situations.
2. An inclination or a habit. from capacity building to cash flows over the last six months. With even banks cutting back on lending, the commercial production printing segment has also been affected. In a growing economy like India, it is imperative for companies to continue to deploy new technologies aimed at creating a more productive work environment. The rental proposition is a strong and compelling anchor as it offers scalability in line with growing demands. We believe that the document printing cost should be managed using specialized solutions than to cut down on deployments. The need for business machines is actually a growth driver for the Indian companies This is a list of major companies based in India. Please note that the list is highly incomplete and does not have every company of all sizes. More information about the companies can be found in the links to the company articles. A
"We are going to be offering the facility of rental machines through our team of 80 sales people in Direct Sales business division that handles top 500 corporate accounts as well as the commercial print segment in India. This year the rental business will be contributing Rs 60 crores to Canon India's turnover. We expect the rental business to contribute Rs 100 crores as we target Rs 1000 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>.
Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million revenues next year," he further added.
The Canon imagePRESS 1135 is an extraordinary new monochrome Also called "mono." Refers to display screens that use one foreground and one background color; for example, black on white, white on black or green on black. The first terminals connected to mainframes and minicomputers were monochrome, and monochrome screens were widely used on early digital production press designed on the core architecture of the imagePRESS line. The Canon imagePRESS 1135 can be custom configured with various finishing options at an engine speed of up to 135 pages-per-minute (ppm (Pages Per Minute) The measurement of printer speed. See gppm.
PPM - Portable Pixmap ). With a true resolution of 1200 x 1200 dots-per-inch (dpi) and 256 tonal graduations, the new imagePRESS 1135 offers customers the ability to tailor their press to meet their specific printing needs without compromising, quality or desired speeds.
It utilizes technologies from Canon's revolutionary black-and-white printing solutions to deliver uncompromising image and text quality, productivity and versatility coupled with minimum uptime on service. The imagePRESS 1135 is designed to offer high-quality, digital black-and-white printing solution which helps increase profitability and productivity across categories like transactional printing, service bureaus, publications, data centres and commercial printers. (ANI)
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