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The article reports that Tokyo, Japan-based Fujifilm is in the process on remaking itself in the face of the rapid decline of its core photographic film business. The company moved its headquarters to Tokyo Midtown. In April 2006, the company inaugurated a research and development center. In 2000, Fujifilm generated about 50% of its profit from photographic films. However, the worldwide photographic films market has decreased in size from $17 billion in 2001 to $7 billion in 2006.

The article reports that Fujifilm Corp. will spend about $61 million to build a plant to make its WV Film, which widens the angle at which liquid-crystal displays can be viewed. The plant will be built in Shizuoka in southern Japan and is expected to open in April 2009. The company is the leading supplier of films for the LCD industry.