Fujifilm and Konica Minolta Joint venture details

FUJIFILM Business Innovation and Konica Minolta have announced that the joint venture's scheduled establishment date is January 31, 2025, as all review and approval procedures under the competition laws overseas have been completed.

In addition, the name of the joint venture company has been decided as Global Procurement Partners Corp.

The company will be headquartered at 3-2-3 Shin-Yokohama, Kohoku-ku, Yokohama City, Kanagawa, Japan, and will have an initial capital investment of 50 million yen. President Masaharu Furukawa, who also serves as Corporate Vice President and Director at FUJIFILM Business Innovation Corp, will lead the venture.

The joint venture is expected to employ 192 individuals, including temporary staff. Of these, 137 employees will be seconded by FUJIFILM Business Innovation, while 55 will come from Konica Minolta. The shareholding structure reflects FUJIFILM Business Innovation’s majority stake of 75%, with Konica Minolta holding the remaining 25%.

Global Procurement Partners Corp. will focus on developing advanced procurement strategies and deploying them across production sites. The company will lead procurement functions, including supplier negotiations and procurement management, while ensuring externally sourced goods' quality, cost, delivery, and environmental compliance. This collaboration aims to streamline operations and enhance efficiency across both parent organisations.