AfterDawn: Tech news

Mitsui Chemicals sells CD-R/DVD-R production

Written by Lasse Penttinen @ 24 Jun 2003 10:50

Mitsui Chemicals, Inc. has made a strategic decision to partially withdraw from the CD-R and DVD-R manufacturing arena. Computer Support Italcard s.r.l. (CSI) of Italy, has agreed to acquire the majority stake in Mitsui Advanced Media, Inc..
CSI of Milan Italy, is a leader in the production of CD-R, DVD-R, micro floppy disc, paper products, CD-Rom and CD-Audio. CSI was created in 1997 through a fusion between two companies, Computer Support Italy and Italcard. Italcard was a market leader in the production of listing forms for printers, born in 1975. CSI operates a 150,000 sq. ft. facility at Milan, Italy. Last summer CSI also acquired majority control of Mitsui Advanced Media, SA in France, now Manufacturing Advanced Media Europe, SA (MAM-E). Since then, CSI has installed DVD-R and additional CD-R capacity in the MAM-E facility. With the acquisitions of MAM-E and Mitsui Advanced Media, Inc., CSI will command approximately $130 million in annual sales.

Mitsui Advanced Media, Inc. will change it's name to MAM-A Inc.. MAM-A will still be able to draw on the resources of CSI and Mitsui Chemicals to better serve the customer base. The new alliance between CSI and MAM-A will also enable the company to offer new products in the near future.
Mitsui CD-Rs have been one of the best, if not the best, choice for Compact Disc recording for years. It will be interesting to see will this deal affect the quality of their products. It seems that the premium quality media manufacturers are struggling, as we have already seen Kodak retiring from the industry some time ago.

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