The Japanese bit of the EMI Group - Toshiba EMI - has announced that it will sell its CD pressing plant in Gotemba, Shizuoka Prefecture as part of the group's global strategy to concentrate more on releasing recorded music and less on manufacturing CDs. A consortium backed by Goldman Sachs is reportedly buying the plant. A statement from Toshiba EMI said: "More investment is required to discover and develop artists, and to produce and promote songs, and Toshiba EMI realizes that restructuring and intensifying competition in the CD-manufacturing field make it difficult to reduce production costs".
Dec 14, 2005
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1 min read
EMI Japan sells CD pressing factory
Toshiba EMI is selling its Gotemba CD pressing plant as part of EMI's global shift away from manufacturing, with a Goldman Sachs-backed consortium reportedly the buyer.