ASEAN KEY DESTINATIONS
Toshiba makes investment in Thailand
The company's newest subsidiary, Toshiba Storage Device (Thailand) Co, has been granted approval by a BoI subcommittee to increase its HDD output at its Pathum Thani plant with an investment of 10.25 billion baht.
Toshiba first invested in hard drives in Thailand in 2007 by acquiring the local unit of Fujitsu, which decided to exit the HDD business.
Toshiba plans to lift annual production of 2.5-inch HDDs to 62.2 million. The expansion is intended to serve demand for the data storage devices from the desktop computer, notebook and electrical and electronic device sectors.
Current production is mainly for export to major customers in Japan and Europe.
The BoI said Toshiba's HDD expansion was projected to generate 11,883 new jobs and use important domestic raw materials such as coils, electricity conductors and resistors with an annual value of 11.95 billion baht.
Since 2007, the world's top HDD manufacturers including Seagate Technology, Western Digital and Hitachi Global Storage Technologies have invested a combined 60 billion baht in HDD expansion in Thailand.
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