Maxtor announced this week that it will build a new manufacturing facility in the Suzhou Industrial Park in Suzhou, China. Construction is scheduled to begin in mid-March, and the facility is expected to be completed in the second half of 2004. At approximately 800 000 square feet, the new facility will allow the company to accommodate its anticipated future growth. Maxtor has agreed to invest up to $200 million in the China facility over the next five years.
This investment will provide the company with a low-cost option to accommodate growth of its hard drive business over the next decade, according to company’s officials. They also added that Singapore will remain the center of Maxtor's manufacturing operations.
The China facility will focus on the manufacture of desktop hard drives, a portion of which will be for the domestic market. The Singapore facilities will continue to produce high-end desktop and server HDDs.
Comments currently: 0
You must log in to add comments.
Unfortunately, the old registrations do not work anymore. Please register again. We apologize for the inconvenience.
Forgot password? Registration