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Record hard-disk drive exports for Thailand

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Thailand is on pace for record hard-disk drive (HDD) exports this year, with their value rising 10% to nearly 500 billion baht on the global rebound and an explosion in online social networking.

HDD exports provided about 5% of Thailand’s gross domestic product in 2007 and 2008 with values of 445 billion and 461 billion baht, respectively, said Sampan Silapanad, vice-president of Western Digital (Thailand).

But exports slumped to 413 billion baht or 4.56% of Thai GDP last year as the industry dealt with the global recession. About 100 billion baht, or 27% of export value, benefited Thailand in terms of value added, said Mr Sampan.

Seagate Technology, the world’s largest HDD maker, said Thailand was poised to gain from rapid growth in global HDD demand in 2010 and in years to come as worldwide manufacturing of 1.5 million drives a day is dominated by Thai production.

The industry bounced back relatively quickly from recession in 2008 and 2009, said Jeffrey Nygaard, vice-president and country manager of Seagate’s Thailand operations, one of the US company's biggest manufacturing bases. Demand for storage is expected to drive worldwide shipments of 650 to 670 million HDD units this year, an increase of 15% from 590 million units last year, he said.

via Record HDD exports forecast.

Today Hutchinson’s suspension systems can be found in virtually every type of disk drive, from desk top, notebook and enterprise computers to digital video recorders and portable media players. Besides the design and manufacture of disk drive components, the precision technologies company also has a biomeasurement division in America.

The Ayutthaya province factory, which wi l l employ 300 personnel once production gears up, expands Hutchinson’s footprint in Thailand. For the past six years, the company has been operating a service location for logistics, customer service and engineering support at the Ladkrabang Industrial Estate in the outskirts of Bangkok. The 4 billion baht Thailand manufacturing plant will boost Hutchinson’s suspension assembly capacity beyond the company’s three other factories, which are located in the U.S. states of Minnesota and Wisconsin. In addition, Corporate’s Disk Drive Division has Asian sales offces in Thailand; Dongguan, China; Tokyo, Japan; and Seoul, South Korea. But the Ayutthaya facility is also a big plus for Thailand.

“The fact that Hutchinson chose Thailand as its overseas production base confrms that foreign investors continue to have strong confidence in the country,”

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Asia’s slow rate of vaccination is a thorn in the region’s economic recovery

Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving average. The Philippines and Malaysia are not far off their daily infection peaks reached in the second quarter of 2021.

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Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.

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Economics

World Bank lowers Thai GDP growth outlook to 2.2%

In the Thailand Economic Monitor released today, the World Bank adjusted its outlook on Thailand’s economic growth this year to just 2.2% from its previous forecast of 3.4%.

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BANGKOK, July 15, 2021 – Thailand’s economy continues to take a heavy toll due to the COVID-19 pandemic and is projected to expand modestly at 2.2 percent in 2021, revised down from the 3.4 percent growth projected in March, according to the World Bank’s latest Thailand Economic Monitor “The Road to Recovery” published today.

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