|21-05-2009, 05:00 AM||#1|
Join Date: May 19 2008
[Techpowerup.com] (PR) WD Sells its Factory in Malaysia to Hitachi GST
Western Digital today announced that it has agreed to sell the assets of its media substrate manufacturing facility in Sarawak, Malaysia, to a subsidiary of Hitachi Global Storage Technologies, the hard drive manufacturing unit of Hitachi, Ltd. The employees of WD at the facility will become employees of the purchaser. The transaction is expected to close in the current quarter, subject to customary closing conditions. Terms of the transaction were not disclosed.
WD announced in December that it was taking actions to realign its cost structure to match a softer demand environment. This divestiture is one of those steps. The Sarawak facility, at which WD manufactured aluminum substrates for hard drive magnetic media, was acquired by WD as part of its acquisition of Komag, Inc. in September 2007. WD is consolidating substrate operations from the Sarawak facility into its other substrate facility in Johor, Malaysia. WD will continue to manufacture the majority of its magnetic media requirements at existing facilities in Malaysia and source the balance of its media needs through its strategic external partners.
|factory, gst, hitachi, malaysia, sells, techpowerupcom|
|Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)|
|Similar Threads for: [Techpowerup.com] (PR) WD Sells its Factory in Malaysia to Hitachi GST|
|Thread||Thread Starter||Forum||Replies||Last Post|
|[Techpowerup.com] (PR) Hitachi GST Launches Z-Series Family of 7 mm Ultra Thin HDDs||News||Reviews & News Online||0||02-06-2010 05:00 AM|
|[Techpowerup.com] (PR) Hitachi GST and Lenovo Sign Agreement||News||Reviews & News Online||0||04-05-2009 09:41 PM|
|[Techpowerup.com] (PR) ATTO Technology and Hitachi GST Demonstrate 6 Gb/s SAS Interoperability||News||Reviews & News Online||0||15-04-2009 07:50 AM|
|[Techpowerup.com] (PR) Hitachi GST Strategically Expands into External Storage, to Acquire Fabrik||News||Reviews & News Online||0||24-02-2009 07:23 PM|
|[Techpowerup.com] (PR) Hitachi GST Keeps up with Fujitsu, Debuts the Travelstar 5K500.B Half-Terrabyte HDDs||News||Reviews & News Online||0||11-11-2008 10:20 PM|
All times are GMT +11. The time now is 11:59 AM.