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Lexmark an Overview

Lexmark an Overview

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Oct. 11th, 2007 at 11:23 AM

Lexmark International, Inc. is one of the world's major designers, manufacturers, and suppliers of laser and inkjet printers and related supplies for both the office and home markets. Since being spun off from International Business Machines Corporation (IBM) in 1991, Lexmark has become a leader in the development and production of a broad line of printing and office imaging products, including color and photo inkjet printers, monochrome and color laser printers, inkjet and laser multifunction devices (offering some combination of printing, scanning, copying, and faxing capabilities), dot matrix printers, inkjet and toner cartridges, and other associated supplies and services. In addition to making products marketed under its own brand, Lexmark also produces items for other original equipment manufacturers (OEMs) that are sold under the OEM's name. An alliance with Dell Inc. accounts for fully 15 percent of Lexmark's overall revenues. Lexmark has manufacturing operations in Lexington, Kentucky; Boulder, Colorado; Geneva, Switzerland; Orleans, France; Juarez and Chihuahua, Mexico; and Lapu-Lapu City, Philippines. These sites, however, are mainly involved in the more technologically complex aspects of Lexmark's business, such as the production of toner, photoconductor drums, and inkjet cartridges. The production of the printers themselves is conducted through third-party manufacturers, many of which are located in China. As a spin off from IBM ("Big Blue"), the company inherited a worldwide distribution network that management has built upon and expanded dramatically. Lexmark sells its products in more than 150 countries around the world, and approximately 55 percent of revenues originate outside the United States, more than 35 percent in Europe alone.

Lexmark attacks printing with a host of jets and lasers. Lexmark International is a leading maker of computer printers and related products. Its printer line includes laser printers (designed primarily for corporate networks and desktops) and ink jet printers (for home and business use). Unlike many of its competitors, Lexmark develops and manufactures its own devices, thereby speeding product cycles. The company sells its products in more than 150 countries through distributors including Ingram Micro and Tech Data, and through retailers in the US (CompUSA and Best Buy), France (Carrefour), and the UK (DSG International); it also supplies products to other equipment manufacturers.

September 2008