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Wednesday, November 19, 2003
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Infodisc to spin off DVD production
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Infodisc Technology, one of the top two manufacturers of
pre-recorded optical discs, will spin off its business division
producing blank DVDs to form a 100% owned subsidiary called
Infomedia.
Infodisc’s provisional shareholder meeting on November 17 passed
and set December 19 this year as a tentative day for the
spin-off. The move is prompted by the parent company’s optimism
about the global DVD market and concern about potential conflicts
of interest with existing clients.
Infodisc’s board called the first meeting to discuss the new
organization on the same day as the shareholder meeting and
elected Frank Tien, president of Infodisc, to be the chairman and
temporary president of the new subsidiary.
According to Infodisc, Infomedia will invest NT$30 billion in a
factory in Hwa Ya Technology Park located in Taoyuan County,
northern Taiwan, in three phases. In the first phase, 72
production lines with a total monthly capacity of 30 million
DVD+R/-R and DVD+RW/-RW discs will be completed in 2004. |
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