2012-03-22
Ocean Chen, Taipei; Adam Hwang, DIGITIMES [Wednesday 21 March 2012]
Optical disc makers CMC Magnetics and Ritek have received new orders worth more than NT$10 billion (US$339 million) in total since early March, maybe because clients have shifted orders from India-based Moser Baer India (MBI) as the company has suffered financial problems, according to industry sources.
MBI has proposed a INR2.65 billion (US$53 million) debt restructuring to its creditor banks, the sources indicated. Since CMC, Ritek and MBI have dominated global output of optical discs, MBI's financial problems are likely to make vendors shift orders from MBI to CMC and/or Ritek and cause prices to rise in the second or third quarter of 2012, the sources said.
