Connect with us
Load WordPress Sites in as fast as 37ms!

Business

HDD producers to expand investment in Thailand

US-based Western Digital Corp, a market leader in producing hard-disk drives, is expanding its investment in Thailand

Olivier Languepin

Published

on

Malaysia is likely to experience job cuts in the wake of a move by two American investors who are pulling out a major portion of their operations here to move them to Thailand.

Penang is set to be the largest casualty as hard disk maker Seagate Technology Plc and computer data storage firm Western Digital Corp (WD), said to be relocating the bulk of their operations to Thailand.

Business Times has learnt that Seagate will exit from Penang and Negri Sembilan. The Penang facility is said to have over 3,000 Malaysian staff.

The company is also said to be putting up its Bayan Lepas facility for sale, along with a 16.4ha land in Batu Kawan on mainland Penang where it had announced two years, of its expansion .

WD meanwhile, is expected to lay off 400 Malaysian staff and 800 foreign workers from its Penang manufacturing site.

Two global manufacturers of hard-disk drives are located in Thailand : US-based Western Digital Corp and Seagate Technology (Thailand).

They received tax privileges from the BoI between 2007 to 2016 to produced products worth more than Bt30 billion.

Western Digital to boost its export value to Bt35 billion

US-based Western Digital Corp, a market leader in producing hard-disk drives, is expanding its investment in Thailand in a bid to boost its export value in the Kingdom to Bt35 billion this year.

The move will also create 2,500 jobs this year, the deputy secretary general of the Thailand Board of Investment (BoI), Ajarin Pattanapanchai, said on Monday.

The expansion involves the company’s subsidiary, HGST (Thailand) Co Ltd.

Electronics is one of the largest export sectors in Thailand, and the country remains the world’s second biggest maker of hard disk drives after China, with Seagate and Western Digital among the big producers.

Hard disks, used mainly in personal computers, are however being displaced by the much faster solid state drives (SSDs) which use solid-state memory chips and are used in products such as tablets and ultra-thin laptops.

0/5 (0 Reviews)
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Business

Thailand cooperates with Indonesia to push creative industries

Both countries aim to develop target creative industries, especially the fashion industry, the design industry and the broadcasting industry

National News Bureau of Thailand

Published

on

Thailand cooperates with Indonesia to push for creative industries

BANGKOK, 14 MAY 2019 (NNT) – Thailand joins hands with Indonesia to push for creative industries starting with three major industries with a growth target of five percent per year.

(more…)
0/5 (0 Reviews)
Continue Reading

Business

Thailand to become 4th largest production base for EV batteries in Asia

KResearch forecasts that the EV market share in the next five years will increase to one-fourth, or 240,000 units, of the total car sales nationwide

Boris Sullivan

Published

on

The booming electric vehicle (EV) market in Thailand is increasingly evident in 2019 as a number of automakers have sought the Board of Investment (BOI)’s incentives to produce EVs here.

(more…)
0/5 (0 Reviews)
Continue Reading

Business

Electric cars will help cut smog in Thailand

A number of proposals have been made for long-term solutions to the problem of pollution caused by vehicle emissions

Avatar

Published

on

Increasing air pollution in Thailand caused by hazardous particulate matter known as PM2.5 has led many people to ask where this threat is coming from.

(more…)
0/5 (0 Reviews)
Continue Reading

Most Read

Must Read

Trending