Ricoh expands its thermal business in Europe. Ricoh will invest about 3 billion yen ($27million) in Ricoh Industrie France S.A.S. to double its coater production capacity, which applies thermal coatings onto paper. The increased production will start in July 2020, as the company says in the press release received by Lesprom Network.
Ricoh's thermal business is global and is mainly focused on the manufacture and distribution of thermal paper and thermal transfer ribbons. Thermal paper allows printed bar codes to be used in point-of-sale food labelling applications as well as for manufacturing process control and shipping labels.
The new investment will be made in order to respond to increasing market demand in Europe.