Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

EU Approves Samsung, Toshiba Joint Venture
Mar 8, 2004
 Printable format
 Email this Article
 Search

The European Commission (EC) has approved a joint venture involving the optical-disk drive divisions of Japan's Toshiba Corp. and Korea's Samsung Electronics Co. Ltd. to produce CD-ROM and DVD-ROM units.

Ownership of the new company, to be called Toshiba Samsung Storage Technology Corp., will be divided, with 51 percent belonging to Toshiba and 49 percent belonging to Samsung Electronics. Combined revenues are expected to be about U.S. $2.3 billion this year.

Although the combined companies will have a global market share of optical storage products of 22 percent, the EU Commission said "the deal does not significantly alter the competitive landscape, which is characterized by a number of competitors both big and small."

Rivals include Taiwan's Lite-On Group and Japan's TEAC Corp., the Commission said.

The joint venture will begin April 1 and will develop, produce, sell, and market CD-ROM devices, including CD-ROM and DVD-ROM drives for notebook computers. (Associated Press)

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows