International
Short Take: Seagate to shift some production to Thailand
US disk-drive maker Seagate Technology is planning to move part of its production from Singapore to Thailand sometime in the next three years, according to Thai newspapers.
SINGAPORE--US disk-drive maker Seagate Technology is planning to move part of its production from Singapore to Thailand sometime in the next three years, according to Thai newspapers.
The Nation reported that Seagate planned to spend US$60 million to upgrade its two manufacturing plants in Thailand this year, while the Bangkok Post suggested the company would build a new factory in Thailand, with construction due to begin once the Singapore factory reaches full capacity.
The Singapore factory, which accounts for 20 percent of Seagate's global output of disk drive components, is now said to be operating at 80 percent capacity. Seagate has cut its workforce from 44,000 before 1997 to 15,000.