Canon seeks to expand printing business in India: join hands with Monotech
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE
Canon India(NYSE:CAJ) has reportedly made an announcement that the company is strengthening its partnership with Monotech Systems Ltd for its Wide Format printing business.
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Monotech is the national partner for Canon for the Wide Format products in India and currently the only partner to sell and serviceOce range of products. The southern region is one of the largest markets for Graphic Arts business and quick print shops. Technical document systems (TDS) products are primarily sold to quick print shops and a total of 50% of sales comes from this business.
Dr. Alok Bharadwaj, Executive Vice-President, Canon India, said, "The wide format printing market is growing in India and Canon foresees this as a huge business opportunity. We decided to further extend our relationship with Monotech owing to their PAN India presence, strong technical support and sales team and the option of multi-location billing. We look forward to a more enriching business with Monotech as a partner who would bring business worth Rs.30 crore by 2015. Canon plans to expand its graphic business further and with Monotech’s wide reach and support we will be able to explore new markets."
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T. P. Jain, Managing Director, Monotech Systems, said, "We are privileged to be associated with Canon and are happy to leverage its expertise in the Wide Format Printing and Display Graphics Business. We have now formed a new SBU (Strategic Business Unit) within Monotech to focus on Canon / Oce product range and we expect this SBU to contribute significantly to our business turnover in the next few years. With our domain knowledge, strong sales and technical support expertise, we will be able to help Canon spread its business across the country. This will also be a learning opportunity for Monotech as we enter a new phase of selling Canon IPF, Oce Arizona and Oce TDS products - the best in the industry from Canon."
Monotech has already been a partner with Canon for the last four years and is specifically handling imagePROGRAF business of Canon. With this new engagement, Monotech will now be equipped to sell......See More