Fuji Xerox & the Xerox Corp.: Turning Tables?

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FUJI XEROX AND THE XEROX CORP.: TURNING TABLES?

Company’s Profile

Xerox – In a Glance

Xerox was founded in 1906 as "The Haloid Company", which originally manufactured photographic paper and equipment. The company subsequently changed its name to "Haloid Xerox" in 1958 and then simply "Xerox" in 1961.

Although Xerox is a global brand, it maintains a joint venture, Fuji Xerox, with Japanese photographic firm Fuji Photo Film Co. to develop, produce and sell in the Asia-Pacific region. Fuji Photo Film Co. is currently the majority stakeholder, with 75% of the shareholding.

European operations, Rank Xerox has been fully owned by Xerox Corporation since 1997. The Rank Xerox name was discontinued following the buyout. Xerox India, formerly Modi Xerox, is Xerox's Indian subsidiary derived from a joint venture formed between Dr Bhupendra Kumar Modi and Rank Xerox in 1983. Xerox obtained a majority stake in 1999 and aims to buy out the remaining shareholders.

Rank Xerox – In a Glance

Rank Xerox was formed in 1956 as a joint venture between the Xerox Corporation of U.S. and the Rank Organisation of UK, to manufacture and market Xerox equipment initially in Europe and later in Africa and Asia. A further joint venture between Rank Xerox and Modi Group in India formed Modi Xerox (now Xerox India) to manufacture and sell Xerox equipment in the Indian subcontinent.

The initial joint venture was 51% Xerox and 49% Rank Organisation, but this changed after a few years to a 60/40 split. Later, Xerox bought a further share making the split 80/20, and in the late 1990s, completed the purchase, so Rank Xerox formally became Xerox.

Fuji Xerox – In a Glance

(富士ゼロックス株式会社, Fuji Zerokkusu Kabushiki-gaisha?) is a joint venture partnership between the Japanese photographic firm Fuji Photo Film Co. (75%) and the American document management company Xerox (25%) to develop, produce and sell xerographic and document-related products and services in the Asia-Pacific region. Fuji Xerox was established in 1962 as a 50:50 partnership with Rank Xerox. Rank Xerox was absorbed into Xerox Corporation in 1997.

Although Xerox is a global brand, it maintains a joint venture, Fuji Xerox, with Japanese photographic firm Fuji Photo Film Co. to develop, produce and sell in the Asia-Pacific region. Fuji Photo Film Co. is currently the majority stakeholder, with 75% of the shareholding.

European operations, Rank Xerox has been fully owned by Xerox Corporation since 1997. The Rank Xerox name was discontinued following the buyout. Xerox India, formerly Modi Xerox, is Xerox's Indian subsidiary derived from a joint venture formed between Dr Bhupendra Kumar Modi and Rank Xerox in 1983. Xerox obtained a majority stake in 1999 and aims to buy out the remaining shareholders.

Corporate vision

In 1992, Fuji Xerox announced the Good Company Concept on which our management is based. Under this concept, a good company must be “strong”, “kind” and “interesting.” A “strong” company can deliver excellent products and services that satisfy customers and also reward its shareholders on an ongoing basis. A company must be “kind” by contributing to the local and global communities in terms of environmental conservation, ethics and corporate citizenship. Employees find their life and work interesting at an “interesting” company. Fuji Xerox aims to be a company with a good balance of all three attributes.

Mission Statement

The Mission Statement represents what Fuji Xerox and our affiliates, and all of the employees who work with us, are aiming for. The idea to “build an environment for the creation and effective utilization of knowledge” expresses the business domain of Fuji Xerox. Our raison d’eˆtre as a company is to “contribute to the advancement of the global community by continuously fostering mutual trust and enriching diverse cultures” in that business domain as well as to “achieve growth and fulfillment in both our professional and personal...
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