Ritek invest US$137 million to build Vietnamese CD-R factory

January 31, 2005

GristyMcFisty used our news submit to tell us that Digitimes reports that Ritek is going to invest up to US$137 million in a Vietnamese subsidairy. After the investment the company should be able to produce up to 20 millions discs a month in Vietnam.

Tentatively named Ritek Vietnam Incorporated, the subsidiary is located in the vicinity of Ho Chi Minh City, with the investment to be made through Score High Group Limited.

The new business is to spread the overall business risks incurred by Ritek, the company pointed out. In order to minimize production costs, Ritek has reduced its production capacity in Ireland and Germany and has used the investment in Vietnam for capacity expansion rather than choosing to expand in China

Near the Ritek factory in Vietnam a polycarbonate factory is conveniently located to supply the factory which its basic needs. The Vietnam CD-R disc factory is expected to start its operation this year.

Source: Digitimes