Seagate Provides Update on Thailand Operations
12 Ottobre 2011 - 10:58PM
Business Wire
Seagate Technology plc (NASDAQ: STX) today provided an update to
its operations in Thailand in light of the severe flooding in the
region.
Currently, all Seagate factories in Thailand are operational and
there are no logistical issues with employees reaching its
factories. However, the hard disk drive component supply chain is
being disrupted and it is expected that certain components in the
supply chain will be constrained. Given the volatility of the
situation it is unclear what the magnitude of the supply chain
disruption will be to Seagate’s hard disk drive output from its
Thailand operations.
Seagate is actively managing its supply chain and factory output
to align production capabilities and optimize its build schedule to
meet customer requirements. As a result of the disruption caused by
the floods, Seagate anticipates hard drive supply will be
constrained throughout the current quarter.
This devastating natural disaster has tragically taken hundreds
of lives and displaced many families. At this time, Seagate reports
that all of its employees in the region are safe.
The situation is dynamic, and circumstances can change quickly
and frequently. Seagate will provide further updates on its
quarterly conference call on Thursday, October 20, 2011.
Seagate’s Thailand facilities:
Teparuk - Seagate Teparuk was established in 1988 to
produce head stack and head gimbal assemblies.Address: 1627 Moo 7,
Teparuk Rd, Tambol Teparuk, Amphur Muang, Samutprakarn 10270
Korat - Seagate Korat was established in 1996 to
manufacture components - slider, head assembly and head gimbal
assembly - as well as hard drives.Address: 90 Moo 15, Tambol
Sungnoen, Amphur Sungnoen, Nakhon-Ratchasima 30170
About Seagate
Seagate is the world leader in hard disk drives and storage
solutions. Learn more at seagate.com.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. When used, the words “anticipates”, “believes”, “expects”,
“may”, “should” and similar expressions are intended to identify
such forward-looking statements. These forward-looking statements
are based on information available to the Company as of the date of
this press release. Current expectations, forecasts and assumptions
involve a number of risks, uncertainties, and other factors that
could cause actual results to differ materially from those
anticipated by these forward-looking statements. Such risks,
uncertainties, and other factors may be beyond the Company’s
control. In particular, current conditions in Thailand referenced
in this press release may change or be different than the Company’s
current understanding and any such change or difference may pose
risks to the Company’s operating and financial performance. Such
risks and uncertainties may also include an adverse impact on the
Company’s ability to successfully qualify, manufacture and sell its
disk drive products if supply chain disruptions were to occur as a
result of the matters discussed above. Information concerning
risks, uncertainties and other factors that could cause results to
differ materially from those projected in the forward-looking
statements is contained in the Company’s filings with the U.S.
Securities and Exchange. These forward-looking statements should
not be relied upon as representing the Company’s views as of any
subsequent date and the Company undertakes no obligation to update
forward-looking statements to reflect events or circumstances after
the date they were made.
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