Saturday, July 02, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
BMW Group, Intel and Mobileye Team Up to Bring Autonomous Driving to Streets by 2021
Nvidia Says New GeForce GTX 1060 Is Faster Than AMD's Radeon TX 480
Micron To Reduce Workforce Following Slow Third Quarter Results
Apple in Talks to Buy Tidal: Report
U.S. Authorities To Investigate Tesla's Crash in Autopilot Mode
Oracle To Pay HP $3 billion In Itanium Case
ZTE To Invest $180 Million In Tech Start-ups
Alliance Storage Technologies Releases New NETArchive NAS Storage Solution
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > Ritek A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, March 21, 2012
Ritek And CMC Receive To Benefit From Moser Baer Finacial Troubles


Vendors seems to turn to CMC Magnetics and Ritek in order to ensure stable optical disc supply, as Moser Baer India reportedly faces financial problems.

Digitimes.com today reported that the two Taiwan-based optical disc makers have already received new orders worth more than NT$10 billion (US$339 million) in total since early March, possibly by clients that have shifted orders from India-based Moser Baer India.

MBI has reportedly proposed a INR2.65 billion (US$53 million) debt restructuring to its creditor banks.

MBI's issues may result in higher optical disc prices in the second or third quarter of 2012.

Commenting on MBI's Q3 performance last month, Bhaskar Sharma CEO, Storage Media, MBIL, had said: "Overall the business had been resilient and Q3 FY12 has shown growth in ASPs with stable volumes. The high margin Blu-ray products especially, have witnessed over 100% sequential growth compared to the previous quarter. We had adopted aggressive cost reduction steps which are expected to yield beneficial results. This coupled with stability in market prices and raw material cost augurs well for the company in medium term. Operating cash generation has further improved, helping the company to strengthen its operating cycle."


Previous
Next
Chrome Is World's Number One Browser For A Day: report        All News        Windows Live Essentials 2011 Updated
Online Movies More Popular Than DVDs, And BDs in 2012     Optical Storage News      Researchers To Accelerate Burning Of Rewritable Optical Discs

Get RSS feed Easy Print E-Mail this Message

Related News
CMC Magnetics Says Disc Production Capacity Booked For 2016
CMC Magnetics Acquires Optical Disc Assets From Taiyo Yuden
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
Taiwanese Optical Disc Makers To Diversify Their Production
CMC Magnetics Showcases BDXL Discs At CES
Optical Disc Prices To Rise In 2H13
RITEK To Showcase BDXL Blu-Ray Discs in Computex
RITEK Launches Capless USB 3.0 Flash Drive
CMC Magnetics Certified For 6x BD-R DL Manufacturing

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .