Seagate's Malaysian plant

Seagate's Malaysian plant

SINGAPORE (AFP): Leading U.S. electronics firm Seagate
Technology Inc. is to set up a new manufacturing plant in
Malaysia to support operations in Indonesia and Singapore,
officials said yesterday.

The move was announced after Seagate chief executive officer
Al Shugart said in remarks published Wednesday that his company
might not invest further in Singapore because of "unfair
competition" from a government-owned company.

Shugart said Seagate was concerned over business
confidentiality following the takeover of rival American
electronics company Micropolis Corp.'s disk drive business by
state-owned Singapore Technologies group.