Lexmark Closes Inkjet Cartridge Supplies Facility in Mexico30 Jul, 2008
Lexmark Closes Inkjet Cartridge Supplies Facility in Mexico
Lexmark has said that it will close an inkjet cartridge supplies facility in Mexico, as sales of its inkjet devices continue to fall. In its second quarter results, the Lexington-based printer manufacturer revealed that inkjet unit shipments fell by 49% compared to the same quarter last year, while sales in the consumer segment dropped by 21% to $376 million.
The closure of the Mexican facility would result in jobs being relocated to a lower-cost country. Since 2006, Lexmark’s sales of inkjet devices have dropped by 18% and the company said last year that it would shift its focus in the consumer market segment to geographic regions, product segments, and customers that generate higher page usage.
Meanwhile, the company’s business segment posted a modest growth in sales of 4% to $763 million, with record revenue in laser supplies offset by a 12% drop in laser unit shipments.