Seagate to invest $470 mln in Thailand over next 5 years

By Pairat Temphairojana BANGKOK (Reuters) - Hard-drive maker Seagate Technology Plc said on Tuesday it planned to invest 15.3 billion baht ($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 percent 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.



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