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NEW UPDATES Asean Affairs   12 February  2015  




Seagate to invest US$470m in Thailand

HARD-DRIVE maker Seagate Technology Plc said yesterday it planned to invest 15.3 billion baht (US$470 million) in Thailand over the next five years to expand capacity at its largest facility in the country.

Seagate will construct a new building, which will be operational in 2016, at its plant in Korat, some 160 miles (255 km) northeast of the Thai capital of Bangkok.

The new building will expand its Korat facility, already Seagate’s largest hard drive manufacturing campus by 49 per cent and add about 2,500 jobs, said Jeffrey Nygaard, senior vice president and global head of operations.

Thailand is a big Southeast Asian manufacturing base for hard drives, along with China and Malaysia.

In Thailand, Seagate was established in 1983 and currently has two production plants with about 16,400 employees, around 12,100 of whom are based in Korat.

“For more than 30 years, Seagate has invested in Thailand as a strategic location for our global operations and the new building at our facility at Korat will enable Seagate to address the continued strong demand for storage,” Nygaard told a news conference.

He cited Thailand’s work force, location and favourable cost structure as the reason why Seagate invests there. Asia contributes over 40 per cent of the company’s entire revenue last year, Nygaard said.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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