Konica Minolta launches all new A4 printer PagePro 1580 MF

Konica Minolta the market leader in printer industry launches all new pagepro1580MF which is a monochrome laser multifunctional printer. The product is equipped with printing speed of 20 papers per minute, supports 16 MB memory and can be used for A4, letter, B5, A5, A6, executive size printing. An easy-to-use printer, it allows functions such as copy settings colour scanning and job cancel at the touch of a button. The compact printer has an in-built colour scanner and can be easily integrate into any small office or home setting.

Speaking at the launch Managing Director Tadahiko Sumitani said "Our operations in India have seen a revenue of Rs. 228 crore in the last fiscal and this fiscal is likely to end at the Rs. 300 plus crore mark plus we are expecting to grow by 30-35% to touch the Rs 500 crore mark within the next two to three years."

Mr. Balakrishnan EGM Marketing, Konica Minolta Business Solutions India Pvt. Ltd, pointed out that the company has been doing well even though there is a general economic slowdown. "Our competitive price range and the high quality have helped us win the customer's confidence and establish our brand. We always focus on customer requirements and strive to work closely with our customers. This is our differentiator and has helped us to build quickly the channel network & address the market."

Mr. Kuldeep Malhotra, EGM Sales, Sales & Managing Division, Konica Minolta Business Solutions India Pvt. Ltd. Said, "In the calendar year 2013, the company has achieved market share of 27% in A3 colour printers, 17% in the A3 monochrome printers and almost 50% in the production printers market."

Source : Equity Bulls

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