Bangkok--Nov 9--Kith and Kin
NTN, a Hard Disk Drive producer, is expanding its production base in Hemaraj’s Industrial Estate after the Board of Investment (BOI) announced new benefits for the hard disk drive (HDD) industry.
Mr. David Nardone, President & CEO of Hemaraj Land and Development PLC. revealed that a number of entrepreneurs in the hard disk drive (HDD) industry have moved their production bases to Hemaraj’s industrial estates after the Board of Investment (BOI) announced new benefits for the HDD industry. The new measures offer incentives not only to HDD producers but also to HDD parts manufacturers, and this will further promote Thailand as the production center of the world’s HDD industry. NTN Manufacturing (Thailand) Co., Ltd., a Japan-based company, recently bought an additional 44 rais of land at Hemaraj’s Eastern Seaboard Industrial Estate (Rayong) to produce Hydrodynamic Bearings for Hard Disk Drive Motors.
NTN began production in the Eastern Seaboard Industrial Estate (Rayong) in 2003, with a registered capital of Baht 611 million. The new plant will be in a position to mass produce components for HDDs ranging in size from 0.85 inches, the smallest in the world, to 3.5 inches, the most widely distributed size currently produced. Production capacity is expected to expand to 12 million units per month in fiscal 2006, which is five times the current monthly capacity.
Mr. Nardone added that the new BOI incentives for the HDD industry will encourage HDD companies to move their production bases to Thailand. Recently, some of the world’s leading HDD manufacturers including Seagate, Hitachi Global Storage Technology, Western Digital and Fujitsu, have set up projects in Thailand, which will eventually attract HDD parts producers, and Thailand could become the foremost HDD production center in the world, he said.
About Hemaraj
Established in 1988, Hemaraj Land And Development Public Company Limited has been “the world class developer in Thailand”. Hemaraj’s core businesses are industrial estate development, industrial estate utilities, SME factories for lease and sale, and other utilities and industrial services including facilities management. The 3 industrial estates are Eastern Seaboard Industrial Estate (Rayong), Eastern Industrial Estate (Map Ta Phut) and Chonburi Industrial Estate (Chonburi). The company has US 8 billion customer investment with 86 automotive companies as well as petrochemical customers in its industrial estates. With 16 years of experiences as a leading developer, Hemaraj has broadened its business with the very first exclusive high-end residential development project “The Park Chidlom”. At present, the company has assets of Baht 7,500 million.
For further information please contact
Kith and Kin Communication & Consultant,
Tel. 0-2663-3226 Fax. 0-2259-8943
Arpaporn Kularbsri,
Mobile 0-9788-4868
email: apapornk@hotmail.com End.