Agfa is a unit of the West German chemical company Bayer AG.
As well as Agfa, it plans talks with Fuji Photo, a much smaller player in this market.
Slated for market by the end of the year, the paper "could have been introduced a long time ago but the market wasn't there then," says an Agfa spokesman.
He says Agfa, whose parent is in West Germany, represents about 13%, and Konica about 9% of the millions of square meters of paper shipped.