Japan's Kokuyo steps up moves to counter Fedex Kinko's in China
Office supply manufacturer Kokuyo Co. has acquired rival Shanghai Xiji Graphics & Character Co. to expand its document services in China to compete with stores run by U.S. firm FedEx Kinko’s.
The acquisition of the Chinese subsidiary of a U.S. copy service firm is estimated to have cost several hundred million yen, although the price has not been disclosed.
The purchase will help Kokuyo quickly extend its reach to European and U.S. corporate customers, in addition to existing Japanese clients in China.
Kokuyo’s main territory for this business is the Shanghai area, but the firm intends to start offering document services in Beijing by 2009.
Office supply manufacturer Kokuyo Co. has acquired rival Shanghai Xiji Graphics & Character Co. to expand its document services in China to compete with stores run by U.S. firm FedEx Kinko’s.
The acquisition of the Chinese subsidiary of a U.S. copy service firm is estimated to have cost several hundred million yen, although the price has not been disclosed.
The purchase will help Kokuyo quickly extend its reach to European and U.S. corporate customers, in addition to existing Japanese clients in China.
Kokuyo’s main territory for this business is the Shanghai area, but the firm intends to start offering document services in Beijing by 2009.
