Kyocera white knight comes to Mita’s aid
President of company says re-structuring necessary
As exclusively revealed here in The Register last week, Japanese conglomerate Kyocera is to bale out the bankrupt photocopying firm Mita. Yesterday, Kyocera’s president Kensuke Ito confirmed that his company had put together a plan to bale out Mita, which includes a restructuring and an investigation into the viability of the company, its sales force and outstanding orders for its machines. Informed sources told The Register last week that Mito and Kyocera had engaged in a joint venture at the beginning of the year. Kyocera, which makes a range of ceramic-based products, also manufactures laser printers and other optical equipment and Mita was going to use the laser engine in its own photocopying products.
Sponsored: Transform Your IT Infrastructure