World Business Briefing: Seagate to Open a Third Plant in Singapore
Seagate Technology, the world s largest maker of computer disk drives, said it would invest $819 million in its third plant in Singapore for data-storage devices. Jerry Glembocki, senior vice president of Seagate s recording heads and media operations, said the new plant would begin operating in mid-2008 and create 3,000 jobs. Lim Hng Kiang, minister for trade and industry, said in a speech that the new facility was a key development for Singapore, which last year accounted for production of a quarter of the world s disk media.