Seagate Shutting Sg Factory by End 2010

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Coffeeshop Chit Chat - Seagate Shutting Sg Factory by End 2010</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>SingaporeNewsAlternative.blogspot.com (snablogspot) <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Dec-17 8:55 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 8) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>25947.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Seagate Shutting Spore Factory By End 2010, Shift Production To Suzhou City.
http://www.tradingmarkets.com/.site/news/Stock News/2731389/
Seagate Technology to Enlarge Production in China
Thu. December 17, 2009; Posted: 06:12 AM

BEIJING, Dec 17, 2009 (SinoCast Daily Business Beat via COMTEX) -- STX | Quote | Chart | News | PowerRating -- Seagate Technology LLC (NASDAQ: STX | Quote | Chart | News | PowerRating) will move its Singapore-based factory to China in 2010, as an effort to cut manufacturing costs and raise profitability, according to Banseng Teh, the hard disk giant's manager director for Asia Pacific sales.

The Singapore factory will be closed next year end, with its high-end corporate products to be manufactured by Seagate's factory in Suzhou City, east China. Besides, the company is set to add its investments in China, where the PC consumption is rising and many laptop makers have set up their affiliates, according to Mr. Teh.

He estimated a USD 1 billion market size for the world's industry of solid state disks (SSDs), which are mainly used by companies, compared to the hard disk drive (HDD) market size of USD 27 billion to USD 30 billion.

As early as 2007, Seagate established its first China-based HDD assembly factory in Wuxi City, and the factory has become one of the company's biggest HDD production bases by far. <!-- / message --><!-- sig -->
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