Jul. 29. 2004
Marubeni Corporation, together with Toyo Kohan Co., Ltd. and Shenzhen Kaifa Magnetic Recording Co., Ltd, will establish a joint venture company in the Shenzhen Grand Industrial Zone in Shenzhen, China to manufacture and sell glass substrate used for hard disk drives.
Currently there are, roughly speaking, two main types of storage media used in hard disc drives-glass substrate and aluminum substrate-and these are used in distinctly different applications. Demand for glass substrate, which is harder and more durable than aluminum substrate, is expanding rapidly, as it is required for notebook PCs, portable audio, car navigation systems, mobile devices, etc., and other applications that require a high degree of shock resistance.
To date, Marubeni has sold aluminum substrates produced by Toyo Kohan's Kudamatsu plant (located in Kudamatsu, Yamaguchi Prefecture) and TOYO-MEMORY TECHNOLOGY SDN.BHD (located in Kedah, Malaysia; Ownership: Toyo Kohan 60%, Marubeni 40%). Now, however, through the sale of glass substrates, which is predicted to see further growth, Marubeni will strengthen its market presence.
[Profile of the new company]