Mitsui Chemicals withdraws from CD-R/DVD-R manufacturing

June 24, 2003

Reg-da-Ripper used our news submit to tell us about a press release we previously missed. Recordable media manufacturer Mitsui Chemicals has decided to partially withdraw from the CD-R and DVD-R manufacturing business. An Italian company, Computer Support Italcard, has agreed to acquire the majority stake in Mitsui Advanced Media:

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 0 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.

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Source: MAM-A