Sandisk to set up pendrive manufacturing facility

Friday, October 28, 2011

US flash memory card producer Sandisk (Nasdaq: SNDK) is planning an 80mn-real investment (US$47mn) over eight years to set up manufacturing facilities in Brazil's Paraná state, according to press reports.

Sandisk will manufacture pendrives in Londrina in a joint venture with local company TMT Memory Group, which has more than 20 years' experience manufacturing for third parties.

The 10,000m2 facility is expected to generate 1,500 jobs.

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To begin with, the company has invested US$2.5mn to start producing with an initial capacity of 1mn pendrives, with 4 GB and 8 GB capacity, per month.

From 2012, Sandisk expects to start producing its complete line of pendrives, with 2-128 GB capacity.

The new facility's main focus will be to meet national demand, but exporting to other Latin American markets is a future possibility.