History 2000: Ritek Absorbs Two Taiwanese Rivals
Seantram Technology and AMS Technology
By Jean Jacques Maleval | September 20, 2022 at 2:01 pmWW CD-R leader Ritek Corp. continues to expand with the expected acquisition (awaiting approval) of 2 smaller Taiwanese CD-R and CD-RW manufacturers, Seantram Technology and AMS Technology, which comprise 410 and 100 employees respectively.
Seantram, which makes the Larion brand name, dates from 1997.
AMS’ factory is brand new, and was launched by Jack Chang, the former founder and chairman of Lead Data and CIS Technology.
Ritek said the merger will expand its capacity by 40%.
The company has decided that beginning this year, its core business will be storage media, opti-electronics display and software/Internet.
It is investing to double its monthly storage media capacity to 200 million units by the end of the year.
In addition to CD-Rs and CD-RWs, the firm also currently manufacturers 2.6/5.2GB DVD-RAMs, at the rate of 200,000 pieces per month.
This article is an abstract of news published on issue 145 on February 2000 from the former paper version of Computer Data Storage Newsletter.
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