Toshiba Toner Products to Become ETRIA Products USA
On March 27th, Toshiba Tec and Ricoh Company both announced that they are establishing a new company out of Toshiba America Business Solutions’ Toshiba Toner Products Division, which will become ETRIA Products USA, Inc.
The move is part of the two companies’ previously announced integration of their businesses for the development and manufacturing of MFPs and other devices. This includes transferring shares of five Toshiba Tec companies to the new Ricoh-Toshiba Tec joint venture company.
ETRIA Products will be located in Dover, Delaware, and its CEO and president will be Larry White, who is also president and CEO of Toshiba America Business Solutions. ETRIA will manufacture and sell toners, toner cartridges, and related products, and will begin operating on April 1, 2024.
For its fiscal-year 2023, the Toshiba Toner Products Division – now known as ETRIA – had sales of $60.24 million; operating profit of $20.35 million; and profit of $20.41 million.
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