With the take over of Oce by Canon, the Japanese imaging & printing company, would surely expand its portfolio of ‘production machines’ in India as well. Canon will sell, distribute and service Océ products in the areas of production printing, wide format printing, signage printing and business services. Following this announcement, Canon India will position itself as the undisputed leader in professional and display graphics printing domain. “Canon has grown exponentially in the year 2010,” said Kensaku Konishi, President & CEO, Canon India.
“This move enhances our strategy and positions us to become technology leaders, offering greater value products and services to customers and partners of both our companies. With this move, we’ll change the dynamics of competition in the industry and that will also benefit customers in terms of cost and propositions”, added Konishi.
Alok Bharadwaj, Senior Vice President Canon India, said, “India is a major printing market. The size of the digital printing industry in India is Rs 1000 crore. The Indian print industry has around One Lakh offset printers and 1000 print shop providers. The digital printing industry in India is expected to grow at 25 per cent year on year. Océ, being a world leader in various printing segments including the production printing domain, will supplement Canon’s best in class processes and infrastructure. This will effectively enhance our ability to unlock the market’s considerable potential and to become the key growth driver in the digital printing market. Canon launched its production business in late 2007 and achieved revenues of Rs 30 crore in 2010. We aim to generate revenues of Rs. 100 crore in 2011 with this business integration.” He further added, “Canon India has appointed two new business divisions and appointed Separate Heads, namely Puneet Datta, who’ll manage the Océ production & printing division, and Rajeev Tewari, who’ll lead the wide format imaging division. A team of 50 sales & service staff is dedicated to the business of professional and graphics printing targeting major companies and printing firms across the nation.” Wil Snijders, Vice President Emerging Markets & Direct Export at Océ, added, “In the world of printing, there is no bigger or more exciting growth opportunity than India. I’m looking forward to expansion in Océ’s business now as Océ has joined forces with Canon. There is a great fit between our companies. We share similar values and a strong commitment to technology and innovation. This is the most compelling combination in the consolidating global printing industry and will deliver scale in R&D, manufacturing and distribution. India is a very important market for us. We’re extremely proud to enter India through our association with Canon. Our partnership and the combination of the Canon and Océ operations will transform our ability to unlock Indian market’s considerable potential and enable us to become a significant player in the arena of professional and commercial printing in this market.”