Top Imaging Supplies News Stories for February 2024

Top Imaging Supplies News Stories for February 2024

The Top 3 Stories:

The Chinese release export figures for print consumables, Ninestar forecasts its 2023 financials, and a new printer that will accept AI voice-controlled instructions. These are among the top news stories for the past month.

You can also watch the news on YouTube.

Here are the Details:

Latest Chinese Printing Consumables Export Data Released: The export of printer consumables from China decreased in 2023, primarily due to declines in the laser and copier segments. The Guangdong Printer Consumable Association report also revealed inkjet and ribbon segments experienced increases compared to 2022. Laser and copier supplies were down 13.8%, but inkjet supplies increased by 17.9%. In 2023, Guangdong province led the country with printer consumables exports worth 2.86 billion US dollars.

Ninestar Forecasts Performance for 2023: Ninestar expects a loss for the 2023 fiscal year, somewhere between US$626 million and 904 million US dollars. Several of Ninestar’s subsidiaries experienced significant downturns, primarily attributed to damage to its reputation from the bans in the USA.

Lenovo Zhixiang Introduces AI Voice-Controlled Printers: Lenovo has unveiled its latest range of Zhixiang printers, which uses AI voice-control technologies to disrupt the traditional printer market.
The printers can talk you through the installation of the device and will also talk to consumers if there is a paper shortage.

Ricoh Provides Updated Joint Venture Plans with Toshiba: Ricoh has shared important updates with the Tokyo Stock Exchange about its partnership with Toshiba to develop and manufacture multifunction printers. The new company name will be ETRIA, which should not be confused with ETIRA, the European Toner and Ink Remanufacturers Association.

US Remanufacturers Urged to Lobby for Right to Repair: Tricia Judge, the Executive Director of the US-based International Imaging Technology Council, has written to hundreds of cartridge remanufacturers urging them to lobby the US Federal Trade Commission. According to Judge, the FTC needs to know that the industry supports rules that give it the right to repair.

Dinglong Announces 2023 Performance Forecast: It’s also been a tough year for the China-based Dinglong Corporation, which is expecting a decline in profits of 35% to 45%, ranging between US$30 million and US$35 million.

Canon Releases Printer Firmware Update: Canon has released firmware updates for users to download and install on certain laser and multifunctional printers because they may become vulnerable to third-party attacks. To date, it is unclear if these updates will impact the normal usage of third-party cartridges.

Police Seize Thousands of Fake HP Toners in India: Police, along with HP’s Anti-Counterfeiting team, have successfully seized 440,000 fake toner and ink cartridges, worth US$3.61 million, being sold to consumers as genuine HP products at very low prices, mainly in Mumbai.

Brother Expands Printer Production in Philippines: Brother has created 3000 new jobs for Filipinos as it unveiled its third printer factory in the Philippines to meet the growing demand for its products there.

The Future of Document Capture Will be AI-Driven: Louella Fernandes, the CEO of Quocirca, has released her latest research, which reveals scan volumes will rise while print volumes will fall in the coming year as businesses speed up the transition to a less-paper environment.

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Related:

• January 2024 Top News: HP Willing to Break Printers and Ninestar Kept in the Dark
• 2023 Top Stories of the Year: OEMs Continue to Dominate Aftermarket Concerns

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