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Toshiba and Samsung Electronics Announce Details of Integration of Optical Disk Businesses

13 January, 2004


Toshiba Corporation
Samsung Electronics Co., Ltd.

Tokyo -- Toshiba Corporation and Samsung Electronics Co., Ltd. today revealed the details of their new joint venture for optical-disk drives (ODD), as initially announced in a memorandum of terms announced on September 22, 2003.

The new joint venture, Toshiba Samsung Storage Technology Corporation, will start operation on April 1, 2004. The company will integrate product and business planning, product development, procurement and sales and marketing of ODDs, including CD-ROM and DVD-ROM drives. Toshiba Samsung Storage Technology Corporation will be headquartered in Japan with a wholly owned subsidiary in Korea.

The new joint venture will construct a competitive business structure that promotes optimized use of management resources and leadership in the global market

Company Outline

Company Name Toshiba Samsung Storage Technology Corporation
Start of Operation April 1, 2004
Capital 14.9 billion yen
Ownership Toshiba 51%; Samsung Electronics 49%
President Masanori Komiya
(current Assistant to President of Digital Media Network Company, one of Toshiba Corporation's in-house companies)
Headquarters Saiwai-ku, Kawasaki, Kanagawa Prefecture, Japan
Business Product and business planning, product development, procurement and sales of ODD, including CD-ROM and DVD-ROM drives for computers.
Sales Forecast
(consolidated)
250 billion yen in fiscal year 2004
Employees
(consolidated)
Approximately 700 (planned)

Press Contacts

Toshiba Corporation:
Midori Suzuki
International Media Relations Group
Corporate Communications Office
Tel: ++81-3-3457-2105
Fax: ++81-3-5444-9202

Samsung Electronics Co., Ltd.:
Sunghae Park
Corporate PR Group
Device Solution Network
Tel: ++82-31-209-7037
Email: sunghae@sec.samsung.com


Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement,but is subject to change without prior notice.

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