Name Change for Toshiba Tec Printing Group
On December 28th, Toshiba Tec Corporation of Tokyo, Japan, announced it will change the name of its Printing Solutions Business Group to “Workplace Solutions Business Group,” effective January 1, 2021.
According to the firm, the change reflects the “drastic market environment evolution” due to technological innovation and the impact of the COVID-19 pandemic. It stated that “we will accelerate shifting our strategic focus to providing new services such as building a cloud platform that supports ‘Work Style Reform’ and ‘Productivity Improvement’ in offices rather than depending on the printing-based business model in order to continuously meet the enhanced demands of our customers.”
It also stated: “With the new organization name, we will aim to establish a new business model from a yet wider perspective than ever before while utilizing Toshiba Tec’s unique strengths.”
More Resources
- November 2020: Losses for Toshiba TEC, But Some Second-Quarter Revenue Improvement
- August 2020: Sales, Profits, Plunge for Toshiba TEC’s First Quarter
- July 2020: Toshiba TEC Singapore Acquires MFP Business
- May 2020: Sharp Profit Decline for Toshiba TEC as It Copes with COVID-19 Pandemic
- February 2020: Sales, Profits Up for Toshiba TEC
- November 2019: Bucking Trend, Toshiba TEC Posts Upbeat Financial Results
- August 2020: Sales Slow at Toshiba Tec, but Profits Up