Seagate to assemble hard disk drives locally - report

Monday, May 23, 2011

Seagate, the world's second largest manufacturer of hard disk drives with a 30% market share, will assemble its products in Brazil, according to a report by business daily Valor Econômico.

Production will be outsourced to Phitronics, a unit of Taiwan's Kinpo Group.

According to the newspaper, Phitronics plans to invest 71.1mn reais (US$44mn) in the manufacturing hub of Manaus and create 311 jobs over the next three years.

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Phitronics is expected to produce 1.72mn Seagate drives in the first year of operations, 5.2mn units in the second year and 6.5mn units in the third year.

More than 96% of the components used in the drives will be imported, the report said.

By Sergio Caldas