Tokyo, November 9, 2010---Ricoh Electronics, Inc. (REI: headquartered in Tustin, California), a U.S. manufacturing affiliate of Ricoh Co., Ltd. (President and CEO: Shiro Kondo), is installing a rooftop solar power system at its headquarters with a completion date of February 2011. The system will supply 10 percent (approximately 350,000 kWH) of the headquarters building's electricity. The system will reduce carbon dioxide emission by 98.1 metric tons/year and will provide Ricoh Electronics, Inc. with annual electricity cost savings of more than $56,000.
REI engaged SPG Solar Inc., a leader in the development, design and installation of high-performance solar power systems, to manage the project. Approximately 1,000 solar panels will be installed on the rooftop of the existing REI headquarters building. The location in sunny Southern California with its fine weather is perfect for solar power systems. The state of California also has the strictest environmental regulations in the United States. REI offset approximately 60 percent of the solar system's cost by incentives offered by federal and state government, and expects to recoup its costs for the project within six years.
Envisioning the ideal society and global environment of the future, the Ricoh Group aims to achieve a sustainable society with minimal impact on the environment. Advocating sustainable environmental management that simultaneously conserves the environment and creates profit, the Group is engaged in environmental conservation activities based on the lofty goal of reducing its environmental impact by one eighth by 2050.
The use of natural energy by installing a solar energy system is part of the activities to achieve this goal with REI being the first example among the overseas production sites in the Ricoh Group. Ricoh is also promoting energy conservation activities by installing Eco-Boards, billboards powered by 100% renewable energy in Osaka, Japan and Times Square in New York. Not content with providing customers with products that are useful for energy conservation, the Ricoh Group is engaged in efforts to reduce its environmental impact at every stage from raw materials procurement and manufacturing to recycling and disposal.
Ricoh Electronics, Inc.
Address: One Ricoh Square, 1100 Valencia Avenue, Tustin, CA 92780, U.S.A
Main Business: Manufacturing multifunction machine and supplies
Artist’s impression of the completed solar power system
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2014, Ricoh Group had worldwide sales of 2,195 billion yen based on the IFRS accounting standard (approx. 21.3 billion USD).
The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.
Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.
For further information, please visit www.ricoh.com/about/
Information in the news releases is true and accurate at the time of publication.
Manufacture, sales, price and specifications of products may be subject to change.