Hitachi GST to Invest Another $485 Million

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Hitachi HDD maker to invest another B15.5bn
Hitachi Global Storage Technologies (HGST), the world’s third largest hard-disk drive manufacturer, is preparing to invest 15.53 billion baht in Thailand where the data-storage industry aims for continuous annual export growth of 10-15%. The latest investment from HGST has been approved by the Board of Investment (BoI) for the production of HDD and components including head gimbal assembly (HGA) at its plant in Prachin Buri, according to the BoI. HGST is among the world’s top four HDD players operating in Thailand. With the presence of Seagate Technology, Western Digital (WD) and Toshiba Storage Devices, the kingdom accounts for 90% of HDD production worldwide. The sector, which employs 200,000 people, expects record-high exports of 500 billion baht this year, an increase of 15% over 2009.