SEAGATE CONTINUES EXPANSION OF COMPONENT OPERATIONS WITH NEW THAILAND PLANT; New plant to bring substantial economic growth opportunities to North-East Thailand.SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Aug. 15, 1995--Seagate Technology, Inc. (NYSE NYSE See: New York Stock Exchange : SEG n. 1. (Bot.) Sedge. 2. The gladen, and other species of Iris. 1. A castrated bull. ) today announced that it will begin construction of a 220,000 square-foot head-gimbal assembly (HGA HGA High-Gain Antenna HGA Handweavers Guild of America HGA Hammel Green and Abrahamson HGA Hercules Graphics Adapter HGA Homogentisic Acid HGA Honor Guard Academy HGA Holy Guardian Angels (Reading, PA catholic church) ) plant in Korat, Thailand. The new facility, an extension of the company's existing HGA operations in Bangkok, will be located in Nakhon Ratchasima Nakhon Ratchasima (nä`kôn rächä`sĭmä') or Korat (kōrät`), city (1990 pop. 204,121), capital of Nakhon Ratchasima prov., S central Thailand, on the Mun River. (also known as Korat) in the north-east region North-East Region can be stated when referring to the following:
"Seagate's decision to expand its operations to an area outside of Bangkok was made in part to support the Thai governments efforts to bring jobs and economic growth opportunities to areas of the country that are losing a great deal of their population to the Bangkok laborforce," said Brendan Hegarty, executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Seagate's Components Group. "The northeast region of the country offers an abundant labor pool, the talent of several local academic institutions, a significantly lower cost of living and a greatly improved quality of life." "The expansion of our global manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. is reflective of Seagate's commitment to maintaining industry leadership in core component technologies, and to satisfying growing industry demand for storage," Hegarty continued. "That commitment is evidenced not only by the company's expansion in Thailand, but also by significant, ongoing investment in drive and component operations in Singapore, the Peoples Republic of China, Malaysia, Ireland, and the United States." Seagate Technology, Inc. is a data technology company that provides products for storing, managing and accessing digital information on the worlds computer and data communications systems. Seagate, at more than $4.5 billion in revenue for its fiscal year ended June 30, 1995, is the largest independent disc drive and components company in the world. CONTACT: Seagate Technology Inc. Dave Webb, 408/439-2838 |
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