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MUMBAI: Seagate Technology today announced its plans to expand its recording media manufacturing capabilities by setting up its third media plant in Singapore.
The new plant will be built close to the company’s existing facilities at Woodlands, and the combined operations will supply about 80 per cent of Seagate’s total requirement of recording media, a critical component used in the assembly of its disc drives, a Seagate statement said.
The project includes construction, building and equipment spread over the next four years. Initially, the new facility is expected to require an increase in staffing of nearly 1,000. The headcount could potentially grow to 3,000 when the plant is operating at maximum production capacity depending on the global requirement for recording media. Manufacturing activities are expected to start by mid-2008.
“Singapore has been a key strategic site for Seagate and today’s announcement essentially establishes the country as Seagate’s central media manufacturing hub,” said Bill Watkins, Seagate chief executive officer. “We will continue to make strategic investments in Singapore by leveraging established infrastructure and tapping the exceptional pool of technological and human resources this island-nation has to offer. We are also pleased to extend our mutually beneficial partnership with the Singapore government, which has shown tremendous support during the time that we have operated here.”
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