CMC Magnetics, currently the largest maker of optical storage discs in Taiwan, is already seeing a return on its investment in CD-R production in China, the company’s vice president of public relations and spokesperson Andria Wong indicated.
CMC Magnetics established a joint venture manufacturer of CD-Rs, Fortune (Jiangsu) Multimedia, in Gangzha Economic Development Zone located in Nantong, Jiangsu Province, in late 2001. Beginning in September 2002, the joint venture’s production is for OEM export and domestic sales via China’s main distributors such as Legend and Founder.
The joint venture has been running smoothly and became profitable in its first year of operation, Wong pointed out. Its monthly capacity has increased from 10 million CD-Rs initially to 30 million discs at present, Wong added.
Based on the current market climate, the joint venture may extend its production to DVD-Rs using its own funds and technological assistance offered by CMC Magnetics, Wong pointed out. The joint venture will eventually be listed on the Hong Kong Stock Exchange, Wong added.
Article translated by Adam Hwang and edited by Adam Hwang
