TDK to end CD, DVD manufacturing, shut Luxembourg plant+
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[March 08, 2006]

TDK to end CD, DVD manufacturing, shut Luxembourg plant+

(Japan Economic Newswire Via Thomson Dialog NewsEdge)TOKYO, March 8_(Kyodo) _ TDK Corp. said Wednesday it will end the operations of its DVD and CD production sections and close its Luxembourg factory around the end of May, in light of price competition that has stripped the sections of profitability.



TDK, a key member of a global industry group formed to push standardization of the next-generation Blu-ray DVD specifications, will marshal its business resources behind Blu-ray and other highly value-added products segments, the company said.

TDK will dismiss the 400 workers at the Luxembourg plant, it said.



Retirement benefits and other costs associated with the plant closure will force it to book a smaller-than-expected group operating profit of 60 billion yen in the current year to March 31, compared with the earlier estimate of 68 billion yen.

TDK said the prices of DVDs, a key computer data storage medium, dived 38 percent in just the one year, while material costs for the large data-capacity disk shot up 35 percent during the same 12-month period.

These developments will likely force it to book an operating loss of 15.2 billion yen at its data storage medium section for the current fiscal year, a loss for the third straight business year, it said.

TDK plans to outsource DVD and CD manufacturing to Taiwanese and other makers and sell the products under the TDK brand, hoping the section will start making a profit during the 2006 business year to March 31, 2007, it said.

TDK wants to take advantage of its status as a key member of the Blu-ray disk standardization group which its officials say will enable it to accumulate efficient production know-how at a faster clip than other DVD and CD makers.

TDK wants to make speedy progress in the competition for a global Blu-ray market share on the strength of its position in the industry group, they added.

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