ID :
93961
Wed, 12/09/2009 - 13:09
Auther :
Shortlink :
https://oananews.org//node/93961
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WESTERN DIGITAL TO INVEST IN M'SIA SEVERAL HUNDRED MILLION DOLLARS IN TWO YEARS
FROM UMI HANI SHARANI
LOS ANGELES, Dec 9 (Bernama) -- Western Digital, the American hard disk drive maker, is expected to invest several hundred million dollars in the next two years to beef up operations in its three facilities in Malaysia, said President and Chief Executive Officer John Coyne Tuesday.
He said the amount would be part of the US$4 billion capital expenditure
allocated for the company's Asian business over the next five years.
" We will be spending several hundred million dollars over the course of
next year to two years to increase both technology and capacity in all the three
facilities," he told BERNAMA on the sidelines of the trade and investment
mission to the United States by the Malaysian Industrial Development Authority.
Coyne, however, said the investment would be based on Western Digital's
actual business needs, taking into account market development, economic policy
and Malaysia's competitiveness.
" We have invested US$2.25 billion in Malaysia. We are very happy and it is
certainly our intention to grow and invest there over the next few years.
" We certainly hope we would invest similar to what we have already
invested in the past," he said.
Coyne said Western Digital had erlier this year bought a building in the
Sungei Way Free Trade Zone, just outside Kuala Lumpur, to be its main focus for
regional expansion next year as the firm increased its output.
" It will involve additional 3,000 to 5,000 jobs in the Kuala Lumpur area.
We
also have significant investment programmes in our Penang and Johor facilities.
" Although Malaysia in general has a broadly competitive set of incentives,
complemented by a well-developed infrastructure and a stable and
industry-positive government, some areas need improvement.
" The area that needs continuous improvement is education, particularly in
the third level," Coyne said.
He said there were opportunities to woo Malaysians who have studied and
worked abroad to come back to contribute more and provide higher capabilities in
technology development in Malaysia.
" That is an area we are continuing to focus on and we are working with
the government and universities to further improve capabilities of engineering
students coming out of universities and being more industry-focused," he added.
-- BERNAMA
LOS ANGELES, Dec 9 (Bernama) -- Western Digital, the American hard disk drive maker, is expected to invest several hundred million dollars in the next two years to beef up operations in its three facilities in Malaysia, said President and Chief Executive Officer John Coyne Tuesday.
He said the amount would be part of the US$4 billion capital expenditure
allocated for the company's Asian business over the next five years.
" We will be spending several hundred million dollars over the course of
next year to two years to increase both technology and capacity in all the three
facilities," he told BERNAMA on the sidelines of the trade and investment
mission to the United States by the Malaysian Industrial Development Authority.
Coyne, however, said the investment would be based on Western Digital's
actual business needs, taking into account market development, economic policy
and Malaysia's competitiveness.
" We have invested US$2.25 billion in Malaysia. We are very happy and it is
certainly our intention to grow and invest there over the next few years.
" We certainly hope we would invest similar to what we have already
invested in the past," he said.
Coyne said Western Digital had erlier this year bought a building in the
Sungei Way Free Trade Zone, just outside Kuala Lumpur, to be its main focus for
regional expansion next year as the firm increased its output.
" It will involve additional 3,000 to 5,000 jobs in the Kuala Lumpur area.
We
also have significant investment programmes in our Penang and Johor facilities.
" Although Malaysia in general has a broadly competitive set of incentives,
complemented by a well-developed infrastructure and a stable and
industry-positive government, some areas need improvement.
" The area that needs continuous improvement is education, particularly in
the third level," Coyne said.
He said there were opportunities to woo Malaysians who have studied and
worked abroad to come back to contribute more and provide higher capabilities in
technology development in Malaysia.
" That is an area we are continuing to focus on and we are working with
the government and universities to further improve capabilities of engineering
students coming out of universities and being more industry-focused," he added.
-- BERNAMA
