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David’s Weekly Wrap Up

Back 22 / 09 / 2017 | (No Comments) |
David Gibbons 18 October, 2017 at 5:20 am

David is a Director at RT Media

Let’s look at the top 10 imaging news stories for the week:

Legal action against employees
Fuji Xerox has launched High Court legal action against several of its former senior executives involved in the 450 million dollar accounting scandal in New Zealand and Australia. Fuji Xerox is remaining very tight-lipped about how many former employees are involved in its rush to reassure governments and customers the issue will never happen again.

Government Extends Ban
The New Zealand government has extended its temporary ban on Fuji Xerox from accepting any new government work to October. 93 government agencies currently on Fuji Xerox contracts have been notified of this extended ban.

Ricoh Blamed
Fourth Dimension Solutions is going into bankruptcy in India, blaming Ricoh for allegedly not paying a disputed credit note. Ricoh India is disputing the claims.

3D Printing Still Booming
China is still leading the growth of 3D printing in the Asia Pacific region with 122% more printer shipments in 2016. Research group IDC reveals education is the largest adopter of 3D printing technology followed by the dental industry in Asia Pacific, not including Japan.

Acquisition News in Brief

  • The US$6.9 billion deal by Sycamore Partners for Staples has been completed.
  • The financially struggling Toshiba Corporation has entered into an understanding to sell its highly valuable memory-chip business worth about US$20 billion to the Bain Capital consortium.
  • Konica Minolta Business Solutions plans to build on its extensive experience in document and content management in the US by snapping up Document Scanning Systems and Imaging.

In other OEM news:

  • Ricoh is hiring significant numbers of staff to maintain and grow its market-leading position in the office technology and commercial printing sectors in the UK.
  • A new partnership in Sri Lanka will see more Canon printers showcased across 400 outlets in the island country.

Innovation is the key buzz word

Heading into the largest printing supplies show on the planet, the 11th RemaxWorld Expo will open its doors in Zhuhai, China on October 12 for three days.

  • 45% of those pre-registering are attending for the first time.
  • An innovative office of the future is being set up for visitors to experience intelligent business solutions.
  • The industry’s largest holder of patents, Print-Rite, will honor inventors and innovators in the imaging industry. Print-Rite has positioned itself as a leader in respecting the intellectual property of others.
  • 19 innovative individuals, companies and organizations from 5 countries will be honored at the Annual RT Global Imaging Awards to be held during the show. 16 judges from 12 countries poured over some 2,000 nominations to make up the final list.

Don’t Be Fooled

The popularity of the RemaxWorld show has drawn out at least one Internet scammer who is offering the 2017 attendee list to interested buyers. The list is obviously not available because the show is still weeks away, but the organizer is being inundated with inquiries about the scam. RT Media says the highly prized list will never be sold or released in any format to any third party and warns the industry not to be fooled by the Indian and US-based fraudsters. RT Media boss Tony Lee says they only way to do genuine, secure and trusted business is to attend the show and engage face to face with suppliers and buyers. *** You can read

RT Media boss Tony Lee says they only way to do genuine, secure and trusted business is to attend the show and engage face to face with suppliers and buyers. You can read

You can read more breaking news every day on our website at rtmworld.com/2d Or get a copy of our monthly news and views magazine with Print-Rite’s founding president Arnald Ho on the front cover this month. Ho has given RT Media an exclusive interview about his 7 million dollar deal with the Pelikan brand.

Thanks for keeping inTouch with This Week Today.

David Gibbons.