Hyundai Oilbank has developed a new system that can detect oil leaks from underground pipes

Hyundai Oilbank said Thursday it has developed a new system that can detect oil leaks from underground pipes at gas stations to help prevent environment pollution. According to the South Korean refiner, Hyundai Oil Leakage Monitoring Expert System, or Holmes, can detect and locate oil leaks from old pipes buried underneath gas stations, preventing possible soil contamination that can cost millions of dollars for restoration.

“Leaks from oil tanks can be easily checked by gauges, but leaks from pipes require professional help as they are buried underground. By attaching Holmes to oil pipes connected to dispensers, staff can easily monitor for anomalies,” a company official said.

Hyundai Oilbank has filed a patent application for Holmes.

The refiner is reviewing the deployment of Holmes to 306 SK Networks gas stations it acquired on June 1.

http://www.koreaherald.com/

EDGC will acquire its subsidiary to improve finance and management efficiency

Korean genomics company EDGC will acquire EDGC HealthCare, its subsidiary famous for the COVID-19 detection kit, DiaPlexQ, to improve finance and management efficiency. The merger is expected to be completed on Aug. 6, an EDGC official said Wednesday.

"The merger is expected to bring about more investment into EDGC's genetic technology for predicting, detecting and treating diseases," the official told The Korea Times. "It is also expected to increase the company value and shareholders' interests."

A prognosis method, which uses gene sequencing to detect cancerous cell-bound circulating tumor DNA (ctDNA) hidden in circulating free DNA (cfDNA) in blood, is among EDGC's best-known technologies.

During the COVID-19 pandemic, EDGC HealthCare has exported its coronavirus detection kits and rapid antibody test kits, which can deliver results in just two minutes, to more than 50 countries, including the United States and Germany. The company's revenue and operating profits this year are estimated to be about 120 billion won (#97.2 million) and 25 billion won, respectively, a major leap from 41.4 billion won and 1.3 billion won in 2018.

"Thanks to EDGC's global network, EDGC HealthCare could export its coronavirus test kits to the United States and Europe," EDGC HealthCare CEO Lee Myung-hee said in a statement.

"We expect the merger to strengthen business support for test kit sales overseas."

Arkema France Acquired By SK Global Chemical

SK Global Chemical, a chemical affiliate of the nation's energy giant SK Innovation, completed the acquisition of Arkema France SA, a functional polyolefins business, Wednesday. Last October, the Korean company announced plans to acquire the French chemical company for 335 million euros ($375 million) in a bid to boost its packaging business to enhance its presence in the global high value-added packaging market.

Under the deal, SK Global Chemical has obtained the business rights of Arkema's three out of four production facilities, technology and marketing talents.

The company expects to strengthen the technology and expand its packaging industry and their competitiveness.

Functional polyolefins are chemical components widely utilized in diverse industries including the development of electric and non-electric vehicles.

Through the acquisition, SK Global Chemical will obtain technologies to self-produce functional polyolefins, where before the company heavily relied on imports.


The acquisition comes after the company purchased the ethylene acrylic acid (EAA) and polyvinylidene chloride (PVDC) businesses from U.S.-based Dow Chemical in 2017 to expand into North America and build a solid ground for growth in the packaging industry.

The deal will enable SK Global Chemical to secure production and sales networks, technology and marketing talent in Europe as well as a large European client base.

"As we have finished the acquisition of functional polyolefins business not only are we able to speed up implementation of our 'green growth strategy', but also strengthen our competitiveness in the global market," Na Kyung-soo, CEO of SK Global Chemical, said.

Korean Conglomerates Will Expand Outside China

Many experts are urging Korean conglomerates to reduce their reliance on China by diversifying their production lines to other countries. The call came during a Korea Chamber of Commerce and Industry (KCCI) trade forum at the Dalgaebi Conference Hall in Seoul, Friday, that was held to discuss post-COVID-19 preparations and the outlook for global trade.

Professors, business executives, economic researchers and related government officials attended the event.

The experts voiced concerns that Korean companies will need to strategically reduce their reliance on China, where companies face geopolitical risks.

They also emphasized the importance of setting mid- to long-term goals to establish new production lines in other locations to replace those in China.

"Since 2000, there has been an expansion in the global value chain, but it has been weakened in recent years as there was economic growth in developing countries, enhancement of protective trade policies and the automation of factories," Chung Chul, a senior researcher at the Korea Institute for International Economic Policy, said.


He said the COVID-19 pandemic has changed calculations among government and conglomerates, where they put an emphasis on safety rather than efficiency. He also said that more key industries are expected to either localize or disperse production lines.

"Major developed countries are starting to rearrange their value chains so they are less reliant on China," Chung said.

Many experts believe the U.S. will also need to reach another trade agreement with Beijing as the two countries' last one was made before the pandemic and is already outdated.

"The U.S.-China trade agreement was inked before the pandemic and the content is now pretty far from reality and nearly impossible to execute," Choi Suk-young, a senior adviser at law firm Lee & Ko, said.

Source;  koreatimes.co.kr/

SK Telecom Develop QRNG Chipset for Mobile Phones

SK Telecom said it has developed what it claims is the industry's first miniaturized quantum random number generator (QRNG) chipset for mobile phones and that the technology will soon be widely integrated in diverse industries including AI and autonomous vehicles.

The chipset is the industry's smallest QRNG (2.5 x 2.5mm). It helps accelerate data transmission and strengthens privacy by generating unpredictable and pattern-less pure random numbers that are applied in identification and certification procedures, SK said.

The chipset uses a light-emitting diode (LED) to create photons that are captured by the CMOS image sensors. The photons are then transformed to produce random numbers, making it impossible for a third party to infiltrate the system.
Since 2016, SKT, with its partners BTREE and Switzerland-based ID Quantique (IDQ), have been developing the QRNG chipset for mobile phones.

After SKT acquired IDQ in 2018, the development process gained further momentum, allowing the company to take the title as world's first producer of this state-of-the art technology
A miniaturized  mobile chipset 2.5mm x 2.5mm. / Courtesy of SKT
The quantum cryptography solution is widely recognized for its implementation in Samsung Electronics' latest mid-tier smartphone the Galaxy A Quantum, which was released on May 22.

According to SKT, the Galaxy A Quantum is the first smartphone with a QRNG chipset, which drastically strengthens mobile communication security by generating random numbers based on quantum crypto technology.

In 2018, SKT and BTREE also collaborated in developing QRNG chipsets that were embedded in internet of things (loT) products and driverless vehicles. They were 5mm x 5mm. The technology was the foundation in successfully commercializing and miniaturizing the mobile QRNG chipset (2.5 x 2.5mm).

The QRNG chipset began in the form of a USB in 2016, but has evolved over the years, going through over a million test runs just for the mobile unit.

The IDQ provided the quantum random number sequence technology while BTREE was in charge of the semiconductor aspect.

BTREE, which was established in 2014, specializes in image sensors and semi-conductor chipsets and has been supplying products to leading semi-conductor manufacturers.

Currently, the company is brainstorming ways to slim down the mobile QRNG chipset to better satisfy global smartphone manufacturers.

"The width and the length of the chip are fine, but we are trying to slim down the thickness, which currently stands at 0.8mm. But we want to get it down to 0.7mm and later further down to 0.6mm as that is what the smartphone manufacturers are requesting," Tom Kim, vice president of BTREE, told reporters at the company in Seongnam, Gyeonggi Province.

SKT, in cooperation with its partner companies, plans to continue expanding quantum security-based services and create new business opportunities in various areas such as 5G networks, IoT, autonomous driving and cloud computing. It also plans to supply its mobile ORNG chipsets to other global smartphone manufacturers.

"We are supplying our product to global smartphone, loT, and driverless vehicles companies," Uhm Sang-yun, country manager at IDQ, said. "We will need time to evaluate the stability of the product, but we have satisfied Samsung's standards, so we believe it could satisfy other companies as well."

LG Chem Ranked Second in the Chinese Electric Vehicle Battery Market

LG Chem ranked second in the Chinese electric vehicle battery market for the January-March period this year, according to industry data. Market tracker the China Battery Enterprise Alliance said Thursday that LG Chem supplied EV batteries in China with a combined capacity of 2,087 megawatt-hours, surpassing local competitor BYD’s 1,943 megawatt-hours. Another local competitor, CATL, was in first place with 6,173 megawatt-hours.

“LG Chem equipped 39,393 Tesla Model 3s built in Shanghai with its batteries,” a CBEA official said. The arrival of LG Chem has destabilized BYD, which had long held the No. 2 position in the market, the official added.

In May, Tesla Model 3 sales broke the 10,000 mark in China, recording 11,095 vehicles, a 205 percent increase from the previous month, according to the CBEA official.

Tesla aims to produce 150,000 Model 3 sedans at its Shanghai factory this year.

This is not the first time LG Chem benefited from Tesla’s strong sales. In the first quarter, LG Chem supplied 14 percent of the batteries for 88,461 Tesla EVs globally. Propelled by Tesla’s strong sales, LG Chem supplied EV batteries with a total storage capacity of 6.3 gigawatt-hours, topping the global battery market for the period.

Source : koreaherald.com

Rising Star Indonesia Garment Export and Producer

Rising Star Indonesia Garment Export and Producer

This Company Is Largest Seafood Exporter From Indonesia

This Company Is Largest Seafood Exporter From Indonesia

Major Palm Oil Exporters From Malaysia

Malaysia is the second largest country in the world in terms of crude palm oil (CPO) producers. Malaysia only lost to Indonesia. In terms of land productivity, oil palm plantations in Malaysia are more productive than in Indonesia, when calculated from the yield of fresh fruit bunches per hectare. However, Malaysia's development area is already limited due to its small size. Therefore, many Malaysian companies are expanding to open land in Indonesia.

Here are some of the largest oil palm plantation companies in Malaysia:


Felda Global Ventures Plantations (M) Sdn Bhd

The group is one of the largest palm oil co in Malaysia, manage a total land bank of 439,725 hectares in Malaysia and Indonesia, producing approximately 3 million metric tonnes (MT) of CPO annually. In Malaysia, the co  have 197 estates located in Selangor, Perak, Pahang, Negeri Sembilan, Johor, Sabah and Sarawak. Meanwhile in Indonesia, its plantation activities are focused in 5 estates located in Central and West Kalimantan. Currently, FGV owns 68 mills across Malaysia, processing over 14 million MT of Fresh Fruit Bunches (FFB) annually, where two-thirds of the FFB are sourced from FELDA settlers and independent smallholders.

Kuala Lumpur Kepong Group 

Kuala Lumpur Kepong Berhad (KLK) is a Malaysian multinational company involved in plantation, manufacturing, retailing and property development. Plantation remains KLK's core business. The Group also expanded downstream into resource-based manufacturing, in particular oleochemicals, cocoa processing and rubber processing. KLK is amongst the top plantation companies in Malaysia, with a land bank in excess of 360,000 acres, located in Peninsular Malaysia (160,000 acres), Sabah (100,000 acres) and Indonesia (100,000 acres). Oil palm is the predominant crop with an annual production of 1.9 million tones of Fresh Fruit Bunches (FFB) and which is expected to increase rapidly in the years ahead as the vast new plantings in Sabah and Indonesia are progressively brought into harvesting. Processing of the crop is carried out in KLK's own mills and refineries into crude palm oil, RBD palm olein and stearin, and kernel oil and cake.

IOI Corp Group

IOI a Malaysia business conglomerates. Within a relatively short span of 30 years, IOI Group has firmly established itself as a leader in its core business areas of Plantations, Property Development & Investment, and Manufacturing. From an oil palm plantation entity, the IOI Group has transformed itself to become a leading integrated palm oil player in the country. Moreover through the acquisition of Loders Croklaan, IOI is now a strong global player with a strategic focus on growth in the area of palm based oil products. It is one of the largest plantation groups in Malaysia with a sizeable plantation holding of over 160,000 hectares. To gain further leverage as a key palm oil producer, IOI has also ventured into downstream value-added palm oil based manufacturing activities such as palm oil refining, palm kernel extraction, oleochemicals and specialty fats and oils. The Group also do JV di Indonesia with Harita Kencana Group to expand CPO business in Indonesia.

Sime Darby Group

Simi Darby Group is one among top palm oil companies in Malaysia. Sime major business activities comprise Plantations, Commodity Trading, Refining and Food Business with operations in Malaysia, Singapore, Thailand and Indonesia. The group manage over 300,000 hectares of oil palm estates in Peninsular Malaysia, Sabah, Sumatera and Kalimantan, as well as operating 8 mills in these areas to extract CPO. Marketing activities of CPB' s CPO is handled internally via Commodities Trading Malaysia.


United Plantation Bhd

United Plantation Bhd was amongst the pioneers in oil palm cultivation in Malaysia and has benefited immensely on mutual collaboration between Danish and Malaysian expertise where managing resources resourcefully has been a part of the day to day culture. The company is committed towards sustainability in all aspects of its plantation operations.

Tradewinds (M) Berhad

Tradewinds started as a private limited company in 1974 and was converted to a public company under the present name, Tradewinds (M) Berhad in September, 1987. It was listed on the KLSE in the following year. The core businesses of Tradewinds are plantations, manufacturing and trading, essentially in sugar refining and property. The group also do  expansion in Indonesia by doing some acquisitions of plantation companies.

PPB Oil Group

Public-listed PPB Oil Palms Berhad is a plantation group principally engaged in oil palm cultivation and milling of fresh fruit bunches. The Group currently owns and operates 13 plantations totaling 142,000 hectares and 8 palm oil mills in East Malaysia and Indonesia. The Group’s goal is to remain profitable, stay competitive and achieve sustainable growth with appropriate strategies to maintain an equitable balance between commercial success and environmental considerations.

Kulim (Malaysia) Berhad

Kulim (Malaysia) Berhad is a public listed company incorporated on 2 July 1975 and listed on the Kuala Lumpur Stock Exchange (KLSE) main board on 14 November 1975. Its core business is in the palm oil industry encompassing cultivation of oil palm, palm oil milling and refinery as well as the manufacture of oleochemicals. The Group manages 105,000 ha of palm oil plantations and 95% of its planted area lies in Malaysia, Papua New Guinea and Indonesia. This area includes Kulim’s acquisition of 90% equity in New Britain Palm Oil Limited (NBPOL), which is one of the largest plantations groups operating in Papua New Guinea.


Hap Seng Consolidated Berhad

Hap Seng Consolidated Berhad is a public-listed company listed in the main board of the Bursa Saham Malaysia with an annual turnover of RM1.2 billion in 2005. The Group’s principal activities are the ownership and operation of oil palm plantations; manufacturing and trading of agricultural fertilizers, agro-chemicals, building materials and general plantation supplies. Plam oil business accounted for 76% of its revenues while plantation and processing, 24 of Hap Seng Consolidated Berhad


IJM Plantations Berhad 

IJM Plantations Berhad (IJMP) is an associate of IJM Corporation Berhad and it assumed Rahman Hydraulic Listing Status in June, 2003. IJMP ventured into oil palm cultivation in 1986, having its 1st land bank being the 4,000 ha Desa Talisai Estate in Sandakan. Over the years, expansion has been rapid and the group plantation land bank had burgeoned to over 29,559 hectares as of 31 December 2003. IJMP comprises of 12 estates in Sabah, 3 palm oil mills, and a palm kernel crushing plant. The co also expand to Indonesia.

Tabung Haji Sdn Bhd 

TH Plantations Sdn Bhd (THP) was incorporated under the Company Act 1965  and has become an active oil palm contributor in Malaysia’s oil palm industry.
TH Plantations’ core business comprises of two, which are the cultivation of oil palm and production of crude palm oil (CPO) and palm kernel. The company owns oil palm plantations totaling 138,208 hectares (341,511 acres) in Malaysia (which includes Peninsular, Sabah and Sarawak) and Indonesia. TH Plantations Sdn Bhd also acts as the managing agent for TH’s oil palm operations in Malaysia, teak plantations operations in Sabah and overseas operations i.e. PT Multigambut Industry.


Genting Plantations Berhad

Genting Plantations Berhad, formerly Asiatic Development Berhad, is engaged in plantation and provision of management services to its subsidiaries. The Company provides plantation, property development, property investment, genomics research and development, and downstream manufacturing activities. Genting Plantations' operations consist of oil palm estates and palm oil mills spread over Peninsular Malaysia, Sabah and Indonesia. The Group's landbank in Malaysia has increased substantially over the years to about 66,000 hectares. Genting Plantations has established a significant presence in Indonesia, where it is currently developing 162,000 hectares of land for oil palm cultivation through joint ventures. Genting Plantations also owns 9 oil mills in Malaysia and Indonesia, with combined milling capacity of 405 metric tonnes per hour, and downstream manufacturing facilities. The Company's subsidiaries include ACGT Sdn Bhd, Asiaticom Sdn Bhd, Esprit Icon Sdn Bhd, Genting Bioscience Limited, Genting Tanjung Bahagia Sdn Bhd, Palma Ketara Sdn Bhd and Aura Empire Sdn Bhd.

Boustead Plantations Berhad 

Boustead Plantations Berhad  is one of the most experienced and established upstream oil palm plantation company in Malaysia and a subsidiary of Boustead Holdings Berhad ("BHB"), one of Malaysia's oldest and largest diversified conglomerates. Backed by BHB's presence in the plantations business, the co have over 100 years of plantations industry experience and over 50 years of oil palm plantation estate management experience. The group own or lease a total of 48 oil palm plantation estates and 10 palm oil mills in Malaysia with 19 plantation estates in Peninsular Malaysia, 20 in Sabah and 9 in Sarawak. We own and operate 3 palm oil mills in Peninsular Malaysia, 5 in Sabah and 2 in Sarawak. Its total landbank stands approximately at 98,200 Ha. Out of this total, the area under oil palm cultivation is around 79,400 Ha comprising of 24,000 Ha in Peninsular Malaysia, 41,800 Ha in Sabah and 13,600 Ha in Sarawak.

MAJOR FRUIT EXPORTERS FROM Thailand

MAJOR FRUIT EXPORTERS FROM Thailand

Top 10 Reputable Beef Importers in Indonesia

Top Beef Exporters in Indonesia

Top 10 Leading Shrimp Exporter From Indonesia

Top 10 Leading Shrimp Exporter From Indonesia

Top 10 Leading Coal Exporters From Indonesia

Here is top 10 Leading Coal Exporter From Indonesia

This Indonesian Company Named Among Largest Poultry Companies of Asia

Here are the top 6:

New Hope Liuhe

New Hope Liuhe is clearly the largest broiler company in Asia, according to 2017 figures, having slaughtered 1.3 billion broilers annually. It ranks fourth globally in terms of broiler production, trailing only JBS, Tyson Foods and BRF. The company, headquartered in Beijing, has 14 processing plants and 200 feed mills. New Hope Liuhe is also involved in duck production.

Wen’s Food Group

Wen’s Food Group slaughtered 807 million chickens in 2017, making it Asia’s second-largest poultry company. It ranks fifth worldwide among broiler companies. Based in Yunfu City, China, Wen’s is a leading producer of poultry and pigs in China, having consolidated 170 companies to encompass 53,000 family farms across China. It sells in more than 20 provinces and municipalities. It is also involved in duck production.

CP Group

CP Group, also known as Charoen Pokphand Group, is Thailand’s largest poultry company and ranks third among Asian broiler companies, having slaughtered 685.5 million chickens in 2017. Worldwide, it is the sixth largest broiler company. It also ranks first globally among feed producers. It’s poultry operations include broilers, ducks and table eggs.

Suguna Foods

Based in Coimbatore, India, Suguna Foods is Asia’s fourth-largest broiler companies and the world’s 15th largest broiler company. It slaughtered 400 million chickens in 2017. It has 60 hatcheries, one slaughter plant and one processing plant. Its automated feed mill is the largest in India.

Doyoo Group

Doyoo Group, of Zhengzhou City, China, is in a fifth-sixth tie among Asian poultry companies and also ties with Sunner Development Co. for third place among those from China. It slaughtered 380 million broilers in 2017.

Sunner Development Co.

Based in Guangze, China, Sunner Development Co. ties with Soyoo Group as the fifth-sixth largest poultry company, slaughtering 380 million broilers in 2017. It has two processing plants, three hatcheries and three feed mills.

This Company named Sri Lanka’s Top Exporter

Sri Lanka-based Brandix Group, a manufacturer and exporter of end-to-end apparel solutions, has again emerged as the ‘top exporter’ of the country for the fifth consecutive year. The company has been honoured with the ‘Exporter of the Year’ Award at Presidential Export Awards held recently. Maithripala Sirisena, President of Sri Lanka presented the award to the apparel manufacturer.

Presidential Export Awards, organised by Sri Lanka’s Export Development Board (EDB), is an initiative to encourage the exporters for their significant contribution to Sri Lanka’s overall exports.

Brandix, with an annual turnover of US $ 750 million, is one of the key contributors to the country’s total apparel exports. The company bagged all of the top awards in the export category.

The apparel supplier won the Highest Employment Provider Award in the Export Industry as well. It currently employs over 48,000 employees at its around 42 manufacturing facilities in Sri Lanka, India and Bangladesh.

At the event, Brandix was also presented with Excellence in Sustainable Development, Highest Net Foreign Exchange Earner in the Export Industry and Highest Foreign Exchange Earner in the Apparel Sector awards.

The Brandix Group now has 30 awards to its name.

Ashroff Omar, CEO, Brandix commented, “Our commitment to the idea of being a provider of inspired solutions to global apparel brands drives everything we do. Our approach of consistently adding value to our offering help us in keeping Sri Lanka’s apparel industry competitive in the global arena.”

This Group Named in Forbes’ top 50 listed companies in VN

The PAN Group has been recognised as one of Viet Nam’s 50 best listed companies for a fifth consecutive year in 2020 by Forbes Vietnam magazine. It remains a rare representative of the agricultural sector in the list.

The list is compiled using metrics like annual growth, profit, return on equity, earnings per share, branding, quality of management, sources of profit, and the prospects of sustainable development.

In 2019, the company’s consolidated net revenues and profit after tax were VND7.8 trillion (US$335.08 million) and VND452 billion ($19.4 million). The profit from core business activities grew by 15 per cent despite unfavourable weather including prolonged extreme heat, severe drought and saline intrusion in the Mekong Delta.

The newly incorporated PAN CG, which has 800 employees and partnerships with more than 145,000 retail stores in 63 provinces, is an important link in the company’s value chain “from farm to table” and contributes to bringing high-quality food products to domestic consumers.

The projects promise to bring great growth to PAN Group in future.

For a sixth consecutive year, the company has been named among the Top 500 Fastest Growing Enterprises in Viet Nam (FAST500) in 2020 by Vietnam Report and VietNamNet newspaper.

It has also been recognised as one of the 50 Best Growth Enterprises in the period between 2015 and 2019.

Source:  http://bizhub.vn/

Ricoh Named as Top 500 List of CRN's 2020 Solution Provider

 Ricoh USA, Inc. announced today that CRN® a brand of The Channel Company, has named Ricoh to its 2020 Solution Provider 500 list. Each year, CRN releases its list of top 500 solution providers, a ranking of the leading IT channel partner organizations across North America by revenue. CRN's Solution Provider 500 list serves as the industry's benchmark for recognizing the top-performing technology integrators, strategic service providers, and IT consultants, and as a valuable resource for technology vendors looking to partner with top solution providers. 

Ricoh's strategic IT services portfolio enables seamless collaboration and the flexibility to enable work to be completed from home or in the office. With a focus on helping customers remain securely connected, Ricoh's advanced industry solutions maximize efficiency and enable individuals to work smarter from anywhere.  

"This recognition is a testament to our comprehensive IT services portfolio and our commitment to empowering workplaces regardless of where they might be," said Bob Lamendola, Vice President, Infrastructure and Engineering Services, Ricoh USA, Inc. "We are very proud to be included on CRN's list this year, further enforcing our commitment to driving growth and addressing IT initiatives to help our customers achieve their business goals."

"CRN's Solution Provider 500 list showcases the top IT channel partner organizations across North America," said Bob Skelley, CEO of The Channel Company. "This year, companies on this list represent a combined revenue of $393 billion, a data point that underscores the impact and influence these solution providers have on the IT industry. On behalf of The Channel Company, I'd like to congratulate these companies for their outstanding contributions to the growth and success of our industry."

CRN's complete 2020 Solution Provider 500 list is available online at www.CRN.com/SP500 and a sample from the list will be featured in the June issue of CRN Magazine.

For more information on Ricoh's offerings, please visit www.ricoh-usa.com or follow the company's social media channels on Twitter, Facebook and LinkedIn.

| About Ricoh |

Ricoh is empowering digital workplaces using innovative technologies and services enabling individuals to work smarter. For more than 80 years, Ricoh has been driving innovation and is a leading provider of document management solutions, IT services, communications services, commercial and industrial printing, digital cameras, and industrial systems.

Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ended March 2020, Ricoh Group had worldwide sales of 2,008 billion yen (approx. 18.5 billion USD).