Friday, November 28, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Xbox And Playstation black Friday Deals
Toshiba Launches ARM-Based Application Processors with Sound, Image Data-Mining and Security Functions
Pioneer To Release The BDR-XU03JM Portable Blu-ray Drive For Macs
Syrian Electronic Army targets CNBC, Telegraph, Independent, PCWorld
GoPro Camera Drones In The Works: report
European Parliament Votes To Break Up Google
LG Electronics Streamlines Structure, Names New Presidents of Home and Mobile Segments
Microsoft Accidentally Anounced Acquisition Of Acompli
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 Home > News > Optical Storage > LiteOn ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 04, 2007
LiteOn Takes Over Philips Hungary CD and DVD Drive Plant


Lite-on IT, a major manufacturer of optical disc drives, said it will acquire a car CD and DVD drive plant in Hungary from the Dutch electronics giant Phillips.

Royal Philips Electronics will sell the manufacturing operations of the Philips Automotive Playback Modules (APM) business to Lite-On IT. The business would now be transferred to a joint-venture between the two companies that will operate under the name Philips & Lite-On Digital Solutions, or PLDS.

Philips said in a statement that the sale represents another step the company is taking to focus on its Healthcare, Lifestyle and Technology activities supported by the strength of the Philips brand.

In PLDS, Lite-On will replace BenQ Corporation of Taiwan as partner in a joint venture now operating under the name Philips & BenQ Digital Storage (PBDS). Lite-On IT will pay $55-56 million for Philips' car CD/DVD manufacturing operations which are located in the city of Győr, and employ about 1,600 people. In addition, the Taiwanese firm will pay $7.96 million to Taiwan's BenQ for a 49% stake in a joint venture with Philips which was established to develop, market and sell the devices. Both companies expect the transaction to be closed in March.

PLDS will continue to develop, market and sell products to store digital information such as DVD burners and optical drives for the automotive market, with manufacturing outsourced to Lite-On IT and third parties.


Previous
Next
Fujifilm at CES        All News        Roxio Launches MyDVD 9 Studio Premier
Fujifilm at CES     Optical Storage News      Roxio Launches MyDVD 9 Studio Premier

Get RSS feed Easy Print E-Mail this Message

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 .