|
|
Article: Agfa-Gevaert, Philips and Du Pont in joint venture; Agfa to pool R&D with BASF.
- Article from:
- PR Newswire
- Article date:
- August 3, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
AGFA-GEVAERT, PHILIPS AND DU PONT IN JOINT VENTURE;
AGFA TO POOL R&D WITH BASFNT VENTURE;
NEW YORK, Aug. 3 /PRNewswire/ -- Agfa-Gevaert AG, a subsidiary of Bayer AG, West Germany, has agreed to form a joint venture with Philips N.V. of the Netherlands and Du Pont Co. of the United States, for the manufacture and marketing of audio, video and data magnetic tape, effective Jan. 1, 1988.
The joint venture is designed to combat the strong inroads made by the competition, especially producers of magnetic tape from the Far East, which has resulted in a decrease of 60 percent in prices of blank video cassettes over the past five ...