Vanguard Disc is reportedly closing their doors for good. According to DigiTimes, the company could no longer compete in the CD-R disc market and failed to shift to DVD-R production.
Vanguard originally produced CD-R discs, with a monthly capacity of 8-10 million discs. About two years ago, the company began to switch to DVD-R production. However, the company said that it terminated all production about a month ago because it can't compete profitably against the low prices offered by CD-R makers in China and India amid rising material costs, and its shift to the production of DVD discs has not been smooth. Vanguard is now seeking buyers for its manufacturing equipment and is set to terminate operations.
If you'd like to read more, head on over to DigiTimes.