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New technologies to drive Konica Minolta's innovation
Jan '16
Shoei Yamana, President of Japanese technology company Konica Minolta which, among other things, manufactures machines for digital printing on fabrics, has said that the company has been working on various projects to drive innovation under its three-year medium-term business plan – Transform 2016. The plan sets forth three goals: to realize sustainable profit growth; to transform into a customer-centric company; and to establish a strong corporate structure.

“One project launched in our production base in Malaysia was designed to innovate the manufacturing process under the concept of “digital manufacturing. This enables high-efficiency production by making effective use of ICT to allow the production technology department and the product development department to work in unison, and also by automating production lines,” he said in his New Year address to the company.

“We will continue efforts to introduce new technologies in our business models so that we will be able to offer higher value-added solutions and services. In doing so, we hope to better address customers' problems and make a more meaningful contribution to society,” he added.

Yamana said the company's commitment to creating innovation is critical for finding solutions to problems that face society and for improving the efficiency of corporations disruptively. He acknowledged that it requires time to deliver true innovation, and therefore, the company would make concerted group-wide efforts from a medium- to long-term perspective to achieve its goal.

“At the same time, I am also aware of the importance of actively promoting open innovation in the market, having interactions with customers as well as working and cooperating with business partners that have strengths in respective target areas, thereby accelerating the process of creating new values. In particular, I am resolved to continue working for the further evolution of Konica Minolta by acting dynamically and speedily with the mindset of a startup,” he said. (SH)

Fibre2Fashion News Desk - India

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