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Article: Hitachi to launch hard disk drive factory in S. China

Article from:
Xinhua News Agency
Article date:
June 22, 2004
Copyright

Hitachi to launch hard disk drive factory in S. China

SHENZHEN, June 22 (Xinhua) -- Japanese Hitachi Global Storage Technologies will invest 500 million US dollars to build a hard disk drive factory in Shenzhen, south China's Guangdong Province.

A memorandum of understanding on the project was signed between the Japanese company and the Shenzhen municipal government Monday.

The factory has a designed annual production capacity of 70 million hard disk drives and annual output value is predicted at 3 billion US dollars.

Speaking at the signing ceremony, Shenzhen Mayor Li Hongzhong said the project would further push the development of new and high-tech industry in Shenzhen.

"Hard disk ...

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