Sunday, December 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > Optical Storage > Ritek e...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, April 01, 2005
Ritek ends CD-R manufacturing in Europe


Ritek is shifting manufacturing equipment for CD-R discs from its two subsidiaries in Germany and another two in Northern Ireland to its subsidiary in Vietnam, Ritek Vietnam, according to the company?s March 31announcement.

The two German subsidiaries are Primedisc Technologies GmbH ( 70% Philips - 30% Ritek, Germany) and RME Manufacturing GmbH (Germany), while the two in Northern Ireland are Multimedia Info-Tech Limited (N. Ireland) and Rimedia Limited (N. Ireland). All the above companies have suspended their activities quite some time ago.

The manufacturing equipment is capitalized as an equity investment of US$56.70 million in the Vietnamese subsidiary by Score High Group Limited, one of Ritek?s overseas subsidiary holding companies. Having invested US$57.19 million including this time, Score High Group is the 100% owner of Ritek Vietnam.

The shift is because Ritek plans to phase out production in Europe and start production in Vietnam to minimize production costs, the company pointed out. Ritek did not shift any equipment to its subsidiaries in China because used equipment cannot be imported into China. Ritek?s domestic production focuses on high-speed DVD+R/-R discs and DVD+R DL discs.


Previous
Next
Samsung chooses ATI processing solution for DLP HD TVs        All News        Half a million DS units sold in Europe
Memory-Tech announces first HD DVD disc measurement system     Optical Storage News      Verbatim/MKM named No. 1 in global recordable CD and DVD media markets

Get RSS feed Easy Print E-Mail this Message

Related News
Ritek Releases New BD-R DL 6X Discs
RiDATA M-Disc DVD-Rs Now Available
Ritek Blu-ray M-Disc Available In August
RITEK Launched Recordable Permanent Storage - M-DISC DVD
RITEK To Showcase BDXL Blu-Ray Discs in Computex
Ritek And CMC Receive To Benefit From Moser Baer Finacial Troubles
RITEK Launches Capless USB 3.0 Flash Drive
RITEK USB3.0 Storage Products Launched at Computex Taipei
Ritek Certified For 4x BD-R DL Production
Philips Reaches Consensus with Ritek and CMC
Ritek at CES
Ritek to Accelerate Blu-ray Production

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .