Japan-headquartered printing solutions-provider Konica Minolta Business Solutions is targeting an increase of 11 per cent in turnover at ₹650 crore in the fiscal year ending March 2019 from ₹587 crore in FY18.
The firm plans to invest around ₹4 crore in the coming months, said Kuldeep Malhotra, Vice-President , Sales, at Konica Minolta Business Solutions India Pvt Ltd.
The money will be spent on below-the-line activities such as advertising, exhibitions and roadshows, targeting tier-2 regions, to enhance the brand image, as well as manpower, skill development and training across the country. “Industrial printing machine requires a minimum investment of ₹1 crore and goes up to ₹10 crore. A different skill set is required for industrial printing manpower training,” he said.
Production printing
In production printing, Konica Minolta has seen a print volume growth of 10 to 15 per cent.
“Positive trends are expected in the printing industry. After the GST implementation, a lot of paperwork has been generated, and we have received requirements from small and medium-sized enterprises (SME) and government businesses. The overall office printing devices are seeing a boom,” he said. The expansion plans in the government sector for metros, smart cities, shipping and tourism necessitate print requirements due to the documentation involved, he added.
Industrial and production printers constitute 65 per cent and office products 35 per cent of the company’s business, which has a 55 per cent market share in production printing, and 20 per cent in office products segment.
The company also plans to launch new devices in the years ahead, though nothing related to the models have been confirmed yet, he said.
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