Original Source Press Release:
Kodak outsources EasyShare manufacturing|
(Tuesday, May 25, 2004 - 16:29 EDT)
A press release from Japanese consumer electronic manufacturer Funai Electric Co. Ltd. announces that the company is to begin manufacturing digital still cameras on behalf of Eastman Kodak Co.
Funai, which was founded in 1961 as a manufacturer of audio products, now makes everything from microwave ovens and air conditioners to televisions, inkjet printers and camcorders. The company's products are sold under its own Funai, Emerson, Sylvania, and Symphonic brand names, as well as under third-party brand names such as Hitachi, Matsushita (Panasonic), Philips, and Toshiba.
The deal with Kodak will see certain EasyShare consumer digital cameras being manufactured in a Funai factory in China. Further details weren't disclosed in the Funai press release.
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|Funai and Kodak Agree to Manufacture Kodak Digital Still Cameras in Funai China Facility|
Funai Electric Co., Ltd (President and CEO: Tetsuro Funai) and Eastman Kodak Company (New York, USA. Chairman and CEO: Dan Carp) have agreed to a relationship where Funai will manufacture Kodak Digital Still Cameras in Funai's China facility. Manufacturing started in April 2004. Funai is a licensee under Kodak's Digital Camera Intellectual Property Licensing Program.
The relationship combines Kodak's planning, development and marketing expertise with Funai's mass production technology and cost-competitiveness with the aim of achieving a leading edge in technology and cost-effective manufacturing in the fast-growing Digital Still Camera market.
The agreement enables Funai to move into the Digital Still Camera market along with its current mainstay products like DVD, TV, VCR and printers, and enables Kodak to increase manufacturing capacity of its EasyShare brand of digital cameras, the fastest growing brand of digital still cameras worldwide, according to a recent global IDC report.