Date: 30/05/2012

Thermal media business established by Ricoh in India

Ricoh Company, Ltd. has established Ricoh Thermal Media Asia Pacific Private Limited (RTM-AP), a wholly owned subsidiary responsible for thermal media and related business, in Mumbai, India on June 1, 2012.

Ricoh develops, produces and markets durable thermal paper and thermal transfer ribbons mainly used for barcodes. RTM-AP will start production and sales of thermal transfer ribbons as well as the marketing of thermal paper through its own distribution network in India. RTM-AP would cover India and Asia Pacific markets in the future.

Yasu Takashima, managing director of RTM-AP said, "Demand for high quality thermal transfer ribbons and thermal paper is expected to increase significantly in the future in fields such as foods, logistics, and production management. This leads to opportunities for Ricoh to provide products tailored to specific applications. Ricoh aims to grow its net sales of thermal media business in the Indian market by ten times in three years." RTM-AP plans to launch the slitting operation of thermal transfer ribbons, followed by establishing production and sales systems in close collaboration with customers in India in the initial stage.

Ricoh India Limited is a subsidiary of Ricoh present in India that provides printing and document management solutions. Ricoh also established Ricoh Innovations Private Limited (RIPL), an IT-focused R&D facility in Bangalore. "Investment in RTM-AP is yet another example of Ricoh's contribution towards India's growth story", says Tetsuya Takano, MD & CEO of Ricoh India, "Although RTM-AP is in a completely different business category, Ricoh India and RTM-AP will explore opportunities to work together in areas which are mutually beneficial."

Company outline
Name:Ricoh Thermal Media Asia Pacific Private Limited
HQ Address:1201, Building No.12 Solitaire corporate park, Andheri Ghatkoar link road, Andheri East, Mumbai - 400093 Maharashtra, India
Chairman:Yasutomo Mori (President of Ricoh Thermal Media Company)
Managing director:Yasunori Takashima