Konica Minolta has decided to liquidate a wholly-owned Canadian unit that sells digital cameras because of stiffer competition. The Japanese company says the closure will not affect its forecast for the financial year end in March 2006. The Canadian unit is valued at around CA$5.66m (US$4.76m). Konica Minolta said that it will seek partners who can distribute its cameras in Canada.
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Konica Minolta has decided to liquidate a wholly-owned Canadian unit that sells digital cameras because of stiffer competition. The Japanese company says the closure will not affect its forecast for the financial year end in March 2006. The Canadian unit is valued at around CA$5.66m (US$4.76m). Konica Minolta said that it will seek partners who can distribute its cameras in Canada.