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||10 December 2009
US hard-disk manufacturer to raise investment in Malaysia
Western Digital, the US hard-disk drive maker, is expected to invest several hundred million dollars in the next two years to beef up operations at its three facilities in Malaysia, said president and chief executive officer Datuk John Coyne, reported Bernama.
He said that the amount would be part of the $4 billion capital expenditure allocated for the company’s Asian business over the next five years.
“We will be spending several hundred million dollars over the course of next year to two years to increase both technology and capacity in all the three facilities,” he told Bernama on Tuesday on the sidelines of the trade and investment mission to the United States by the Malaysian Industrial Development Authority.
Coyne, however, said the investment would be based on Western Digital’s actual business needs, taking into account market development, economic policy and Malaysia’s competitiveness.
“We have invested $2.25 billion in Malaysia. We are very happy and it is certainly our intention to grow and invest there over the next few years,” he said.
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