Pioneer announces the construction of a new plant to manufacture Recordable Compact Disks (CD-Rs) in Catalonia, Spain.BARCELONA--(BUSINESS WIRE)--Nov. 4, 1996--Pioneer Electronic Corporation (President Kaneo Ito) has announced in Tokyo the creation of a new company PIONEER OPTICAL DISC EUROPE S Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). .A. for the manufacture and sale of CD-Rs near Barcelona (Spain), in the dynamic region of Catalonia. The new subsidiary, a joint venture between Pioneer Electronics Espaa, S.A., (President Antonio Puti and Pioneer Video Corporation (President A. Tanaka), will construct a US$ 10 million facility adjacent to an existing Pioneer Electronics operation. The decision was taken after two years of study and evaluation of other potential European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. sites, including the United Kingdom. The new factory will focus on providing CD-Rs for the rapidly growing European market. It also plans to manufacture new format Digital Video Disks (DVDs) which are expected to be introduced in Europe in 1997. PIONEER OPTICAL DISC EUROPE, S.A. will be the first factory in Europe to manufacture CD-Rs, together with the recently announced J/V between Ricoh and Kao who have also chosen Catalonia as the site for their investment project in a factory starting CD-R (CD-Recordable) A writable CD technology using a type of compact disc that can be recorded, but not erased (CD-Rs are "write once" discs). CD-R discs are used to master CD-ROMs, to back up data and to make copies of data for distribution. production in 1997. The advantage of CD-Rs is safety. The Recordable Compact Disk can be reproduced by any CD player or CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). unit, but not erased e·rase tr.v. e·rased, e·ras·ing, e·ras·es 1. a. To remove (something written, for example) by rubbing, wiping, or scraping. b. . The demand of CD-Rs has increased notably in applications such as medical treatment and security. One EU member state has already begun to conserve its official documents in this support. The Catalonia Office of Foreign Investment (CIDEM CIDEM Center for Inherited Disorders of Energy Metabolism ) assisted Pioneer in developing this project and considers that it "is an excellent example of the attractiveness of Catalonia as a European high-tech industrial center". Catalonia is considered the center of a dynamic Southern European growth region. More than 2,500 international companies have taken advantage of Catalonia's strategic location, excellent infrastructure, and skilled work force, to establish facilities to meet the growing markets of Spain and other European and Mediterranean countries. CONTACT: Mr. Carles Valero Director of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Office/CIDEM - Catalonia Office of Foreign Investment 212/755-8830 |
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