Seagate to invest $1.3 billion in new Singapore plant

business-times.asia1.com.sg :

Seagate Technology, the world's largest computer disk-drive maker, said it would invest $1.3 billion (US$819 million) in its third hard-disk recording media plant in Singapore.

Jerry Glembocki, senior vice president of Seagate's Recording Heads and Media Operations, said that the new plant would be operational from mid-2008 and would create 3,000 new jobs. Seagate's three plants in Singapore would supply about 80% of the company's total requirement for recording media, a critical component used in the assembly of its disk drives.

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