Hard disk project in Asia

Hard disk project in Asia

TOKYO (AFP): Japan's largest chemical company, Mitsubishi Kasei Corp., plans to start producing a computer hard disk over the next few years in Asia to meet growing demand, a company official said yesterday.

The official did not specify details of the project but said that Singapore, Indonesia and Malaysia were countries in which Mitsubishi Kasei might build a plant.

The official said the project was aimed at avoiding possible exchange losses and cutting production costs.

The company, which belongs to the Mitsubishi group, currently produces about 1.1 million hard disks per month at its two domestic plants.