Ritek: oversupply of DVD+R/-R discs to ease in Q4

The global supply of DVD+R/-R discs currently exceeds global demand, but the oversupply will begin to diminish next quarter and largely decrease or even disappear in the fourth quarter of this year, according to Ritek CEO Gordon Yeh, who spoke at a press conference following the company’s 2006 shareholder meeting on June 14.

Although global DVD+R/-R demand is estimated to grow from four billion discs in 2005 to six billion discs this year, fast expansion of production around the world has resulted in the current oversupply, Yeh pointed out.

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