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Hitachi GST to Acquire Substrate Manufacturing Facility from Western Digital
Wed 20 May, 2009
SAN JOSE, Calif. – May 20, 2009 – Hitachi Global Storage Technologies (Hitachi GST) today announced that it has
agreed to acquire a substrate manufacturing facility located in Sarawak, Malaysia
from Western Digital. The facility currently produces aluminum substrates used
in hard disk drives. WD originally acquired the Sarawak facility through its
purchase of Komag in 2007.
“This acquisition further strengthens Hitachi GST and is the next step
in our business transformation,” said Steve Milligan, president, Hitachi
GST. “The Sarawak facility is located in close proximity to existing
Hitachi GST suppliers and drive assembly operations, which will enable us to
realize increased operational efficiencies and other long-term benefits.”
“The Malaysian and Sarawak governments have been instrumental in Hitachi
GST efforts to develop a local manufacturing presence. We thank them for their
ongoing support and look forward to growing our employee base in Malaysia,” said
Ian Sanders, vice president, Components Group, Hitachi GST. “Sarawak
has a highly-skilled workforce with a worldwide reputation for manufacturing
and technology excellence. Our goal is to have the Sarawak team play an important
role in strengthening our product competitiveness by providing Hitachi GST
with greater access to world-class components.”
Closing of the acquisition is subject to customary conditions.
About Hitachi Global Storage Technologies
Hitachi Global Storage Technologies (Hitachi GST) develops advanced hard disk
drives, enterprise-class solid state drives, and innovative external storage
solutions and services used to store, preserve and manage the world’s
most valued data. Founded by the pioneers of hard drives, Hitachi GST provides
high-value storage for a broad range of market segments, including Enterprise,
Desktop, Mobile Computing, Consumer Electronics and Personal Storage. Hitachi
GST was established in 2003 and is headquartered in San Jose, California. For
more information, please visit the company’s website at http://www.hitachigst.com.
About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is
a leading global electronics company with approximately 400,000 employees worldwide.
Fiscal 2008 (ended March 31, 2009) consolidated revenues totaled 10,000 billion
yen ($102.0 billion). The company offers a wide range of systems, products
and services in market sectors including information systems, electronic devices,
power and industrial systems, consumer products, materials, logistics and financial
services. For more information on Hitachi, please visit the company's website
at http://www.hitachi.com.
Hitachi trademarks are authorized for use in countries and jurisdictions in
which Hitachi has the right to market the brands. Hitachi is not liable for
third parties’ unauthorized use of Hitachi trademarks.
Contact:
Jim Pascoe
Hitachi Global Storage Technologies
408-717-7924
james.pascoe@hitachigst.com
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