Seagate sets up third media plant in Singapore

Seagate Technology announced its plans to expand its recording media
manufacturing capabilities by setting up its third media plant in Singapore. The
new plant will be built close to the company's existing facilities at
Woodlands, and the combined operations will supply about 80 percent of Seagate's
total requirement of recording media, a critical component used in the assembly
of its disc drives, a Seagate statement said.

The project includes construction, building and equipment spread over the
next four years. Initially, for the new facility staff increase of 1,000 is
expected. The headcount could potentially grow to 3,000 after plant starts
operating at maximum production capacity depending on the global requirement for
recording media. Manufacturing activities are expected to start by mid-2008.

“Singapore has been a key strategic site for Seagate and this announcement
essentially establishes the country as Seagate's central media manufacturing
hub,” said Bill Watkins, CEO, Seagate. “We will continue to make strategic
investments in Singapore by leveraging established infrastructure and tapping
the exceptional pool of technological and human resources this island-nation has
to offer. We are also pleased to extend our mutually beneficial partnership with
the Singapore government.

DQC NEWS BUREAU