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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Pierre-X who wrote (2157)	1/8/1998 1:58:00 AM
From: Gus	Read Replies (4) \| Respond to of 9256

Overcapacity? What overcapacity? Fujitsu To Build $200m Hard Disk Plant In Philippines 01/07/98 TOKYO, JAPAN, 1998 JAN 7 (NB) -- By Martyn Williams, Newsbytes. Fujitsu Computer Products Corporation of the Philippines (FCPP) has announced it will build a new US$200 million hard disk media plant in the Philippines. The new factory, which will occupy 20 hectares at the First Philippine Industrial Park Ecozone in Tanauan, Batangas, will employ 500 people. With storage capacity increases made possible by advances in Magneto-Resistive (MR) heads, demand for hard disk drives is rising fast, said the company. It forecasts world demand for hard disk drives will jump 20 percent this year and this growth, together with a potential shortage of drive media, [???] has prompted the company to construct the new factory. Fujitsu already produces hard disk drives at its plant in Canlubang, Philippines, so the location of a drive media plant in the same country makes sense, said the company. Construction of the new plant is expected to start in May 1998 while commercial operation is scheduled to start in August 1999.