Wednesday, December 02, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Awarded With Augmented Reality Patents
Motorola Moto 360 Sport Watch Launching Next Month
Lenovo Unveils the ThinkPad P40 Yoga
Samsung Launches Web Browser for Gear VR
PRIV by BlackBerry Gets Its First Update
IDC Sees Transition To Detachable Tablets
Patriot Introduces 128GB Compact USB Flash Drives
AMD Launches the Low Profile FirePro W4300 Graphics Card for CAD
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Optical Storage > CMC to ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 16, 2001
CMC to acquire Mitsubishi Chemicalís Ireland subsidiary

"...CMC Magnetics on August 14 decided to acquire MC Infonics Ireland (MCII), a subsidiary of Mitsubishi Chemical Corporation (MCC). Through MCII, CMC will be able to further control the European market and solve the European Union (EU) anti-dumping tariff problem.

At a board of directors meeting, the company also decided to sell the computer tape production equipment in its affiliates VIC and VTC to US-based Verbatim, an MCC subsidiary whose operation concentrates on the US, Canada and South America markets. In the future, CMC will drop the computer tape operation completely and focus on developing its CD-R disc business. CMC said that to meet the growing demand for optical storage media in Europe and solve the anti-dumping tariff issue, the company and its strategic partner MCC had long reached a consensus on buying MCII. CMC indicated that it will purchase all of MCIIís shares through its subsidiary EMC Holding. Currently, the two parent companies have already signed a memo of understanding and will confirm all the transaction details at the end of August.

MCII was established in 1997. CMC said that MCII will continue to manufacture CD-R and CD-RW discs for European markets after the takeover. MCIIís monthly production capacity tops five million units at the moment. The Taiwan storage media maker said that it will consider enhancing MCIIís capacity depending on overall demand..."

Prodisc DVD-RAM media awarded from DVD Forum        All News        Prodisc DVD-RAM media awarded from DVD Forum
Prodisc DVD-RAM media awarded from DVD Forum     Optical Storage News      Prodisc DVD-RAM media awarded from DVD Forum

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
CMC Magnetics Acquires Optical Disc Assets From Taiyo Yuden
Mitsubishi Introduces Smart Home Concept
Mitsubishi Develops 3-D Model Reconstruction Technology
Mitsubishi Electric, Ritsumeikan University and JST Develop Security Solution for IoT Devices
Mitsubishi Chemical Files Patent Lawsuit Against Red Phosphors in China
Mitsubishi To Unveil World's Largest High Definition Video Display
Mitsubishi Doubles OLED panel's Life Span
Mitsubishi Develops New High-power Red Laser Diodes for Projectors
Pioneer Is Shipping New OLED Lighting Modules With a Wet Coating Process for a Light-emitting Layer
Mitsubishi Chemical Develops Bio-based Plastic For Automotive Touch Panels
Mitsubishi Develops Searchable Encryption Platform Software
Oji and Mitsubishi Chemicals Develop Transparent Paper

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .