Sonopress Opens Plant In Singapore
Sonopress, one of the world's largest makers of CDs and DVDs, has opened a $20 million manufacturing plant in Singapore. Sonopress, a subsidiary of Bertelsmann AG, plans to invest an additional $20 million in the plant over the next two to three years.
"With this new
facility in Singapore, we will expand our coverage into the Southeast Asia region as well as Australia," says Sonopress Asia Pacific CEO/managing director Wesley Lau.
Sonopress, which already has a plant in Hong Kong, hopes that the Singapore facility will boost regional revenues from $40 million last year to $150 million-$200 million per year over the next five years. Sonopress has a 2% market share in the CD replication business in Asia. The company hopes to garner 10% of the market by 2005.
Sonopress' Asian operations also include fulfillment facilities in Tokyo and Shanghai and a sales office in Taiwan.
"With this new
Sonopress, which already has a plant in Hong Kong, hopes that the Singapore facility will boost regional revenues from $40 million last year to $150 million-$200 million per year over the next five years. Sonopress has a 2% market share in the CD replication business in Asia. The company hopes to garner 10% of the market by 2005.
Sonopress' Asian operations also include fulfillment facilities in Tokyo and Shanghai and a sales office in Taiwan.
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