Funai Electric will manufacture CD-RW drives that Ricoh develops and markets. Ricoh will provide technical support to Funai Electric-brand CD-RW models. The two will jointly create DVD+RW drives which are scheduled to be sequentially marketed in summer, 2001. Production will be at Funai Electric's Dong Guan plant in Kuangtung Province, China. Shipments of CD-RW and DVD+RW drives will start in spring and summer 2001, respectively. Aggregate output should exceed one million units in the first year of the alliance.
Funai Electric already makes and markets consumer DVD players to meet the demand of the digital video age. Through this agreement, Funai Electric is eyeing the expansion to DVD video recorders. On the other hand, Ricoh aims to build on its pioneering position in business CD-RW drives by providing high-speed and advanced models and thus becoming a top supplier of DVD+RW machines for office applications..." NULL