Seagate Technology, the world's largest hard-drive maker, will build a third hard-disk media plant in Singapore. The plant, which will enter operation in mid-2008, is needed to meet growing worldwide demand for hard-disk drives, the company said.
The new plant will be located in Woodlands, in northern Singapore and in close proximity to the company's two existing plants. When completed, the plant will employ around 1,000 workers, eventually rising to 3,000 when the facility is at its maximum manufacturing capacity, Seagate said.
Construction on the new factory is slated to begin later this year. Seagate did not disclose its level of investment in the new factory.
The three Singaporean plants will be able to supply 80 percent of Seagate's demand for media when the manufacturing begins at the new plant. At present, the two Singaporean plants provide 60 percent of the disk media used by Seagate.
In addition to Singapore, Seagate manufactures hard-disk media in two other locations: California, and Northern Ireland.