FUJIFILM Business Innovation Corp. and Konica Minolta Inc. have announced they have decided that the scheduled date of establishment of the joint venture will be Jan. 31, 2025, as all review and approval procedures under the competition laws overseas have been completed. In addition, the name of the joint venture company has been decided to be Global Procurement Partners Corp.

Outline of the new joint venture

Company Name: Global Procurement Partners Corp.
Location: 3-2-3 Shin-Yokohama, Kohoku-ku, Yokohama City, Kanagawa, Japan
Capital: 50 million yen
Date of Establishment: Jan. 31, 2025
Representative: President Masaharu Furukawa (Corporate Vice President and Director, FUJIFILM Business Innovation Corp.）
Number of Employees: 192 (expected; including temporary employees)
Number of Employees Seconded From Each Company: 

• FUJIFILM Business Innovation - 137 employees
• Konica Minolta - 55 employees

Shareholding Ratio: FUJIFILM Business Innovation - 75%; Konica Minolta - 25%

Business Description:

• Development of procurement strategies and deployment to the procurement function divisions at each production site
• Procurement lead function, including negotiation with suppliers and procurement management
• Procurement services to ensure quality, cost, delivery and environmental compliance of externally purchased goods