Seagate to expand Singapore factory

Disk drive maker Seagate Technology this week said it plans to invest $114 million on expanding a Singapore-based recording media plant, which eventually will churn out more than half of the recording media needed for the . The expanded factory is slated to begin production in the third quarter of 2004. Established in 1996, the Singapore plant was Scotts Valley, Calif.-based Seagate's first recording media operations facility outside of North America. It is also the company's largest media manufacturing facility. Seagate's other recording media operations are located in Milpitas, Calif., and Northern Ireland. The company says it shipped nearly 60 million disk drives in the past year.