Prodisc to close down following court setback (?)

vbimport

#1

This article is more than 2 years old, but, unfortunately, I do not know whether they really did exit the business or not.

Prodisc Technology Inc (精碟科技), one of the nation’s leading disc makers, on Wednesday said it planned to shut down its business because it had failed to win court approval for its corporate restructuring plans.

As of Friday next week, Prodisc will no longer manufacture optical discs, and therefore retreat from the disc market in Taiwan, the company said in a filing submitted to the Taiwan Stock Market on Wednesday.
The New Taipei City (新北市)-based company said its board members on Wednesday passed a resolution ceasing the company’s disc production because the Banciao District Court had ordered that the company’s manufacturing equipment be put up for sale due to Royal Philips Electronics NV and some of Prodisc’s creditors’ opposition to its restructuring proposals.

CONTINGENCY PLANS
Prodisc did not elaborate on whether the company has contingency plans to help workers find new jobs.
The company has been in financial difficulties since 2008 when Philips ordered provisional seizure of some of Prodisc’s bank deposits in a contract dispute.
In August 2008, Prodisc sought approval from the court for its corporate restructuring plans and other emergency actions after its assets were detained by the Netherlands-based electronics maker.

OBJECTIONS
However, due to objections from Philips and some of its creditors, Prodisc’s reorganization plans have not been realized over the past five years, with the court failing to sanction the company’s application.
To survive in the disc market while awaiting court approval for its business remodeling plans over the past five years, Prodisc continued producing discs and sought to expand its business by signing contracts with foreign firms or increasing spending on research and development of new technologies for which it could apply for patents.
Despite these efforts, Prodisc said it was still unable to make ends meet as the disc market has seen oversupply in tough economic times.


#2

I think they are gone for good this time. :sad:

Their URL (www.prodisc.com.tw) now leads to a site which appears to make no mention of computer/optical media. The change appears to have happened at the end of 2014.

Very sad. They made great DVD±R for Verbatim and their CD-R were good. Their 90-min in particular CD-R were superb (never found anything to match them). And after 12 years none of my Prodisc CD-R are showing signs of degradation.

Your Prodisc BD-R scan looks pretty decent. Have you been able to confirm if they are genuine Prodisc-made discs?

It crossed my mind that a Chinese manufacturer might have acquired some of Prodisc’s assets. Or maybe Prodisc have quietly relocated to China, under another name, where intellectual property & royalties are less of an issue. :wink:

Also, can we assume that BD-R MID codes are as interchangeable as DVD±R (i.e. just change a setting on the production machinery).


#3

[QUOTE=Ibex;2757924]Very sad. They made great DVD±R for Verbatim and their CD-R were good. Their 90-min in particular CD-R were superb (never found anything to match them).[/QUOTE]
:iagree: I do also miss their ultra-reliable 4-12x CD-RWs, mini CD-RWs (I used to use them before the USB flash drives became widespread and affordable), “diamond” and color CD-Rs.

Your Prodisc BD-R scan looks pretty decent. Have you been able to confirm if they are genuine Prodisc-made discs?

Not yet. I have no other Prodisc BD-R to compare to nor I can’t find any pictures of the stamper or hub codes of the genuine Prodisc BD-R.

Also, can we assume that BD-R MID codes are as interchangeable as DVD±R (i.e. just change a setting on the production machinery).

In theory, yes - if the manufacturer is brave enough and owns (or have an access to) a BD-R mastering equipment.


#4

as i know they are going to invest elsewhere as optical business is going to death because of wrong decision of people which are backuping on new flash memory/hdd’s