KonicaMinolta announced today that they will be discontinuing their camera and photographic material lines.
A few key points from the press release:
- Some of their cameras will be transferred to Sony, who will continue supporting the Minolta lens mount.
- Color film and paper are being transitioned out and will officially stop being produced by the end of the fiscal year ending March 31, 2007.
- Photo mini-labs will no longer be produced after March 31, 2006. Noritsu Koki Co., Ltd will provide maintenance for existing customers.
- 3,700 employees will be removed by September 2007.
The full press release is available on the KonicaMinolta web site.