Hard-disk vendor Seagate hasresponded to ever-increasing global demand for digital storage by injecting£120m into its Springbank facility in Northern Ireland.
Springbank manufacturesread-write heads exclusively for Seagate drives, and the firm claimed that itcurrently outputs around one third of the world’s supply of the components.
Seagate corporatecommunications director Ian O’Leary said the investment needed to be seen inthe medium term instead of in the context of the current economic slowdown: “There’sdefinitely growing demand. Although the world economy is nervous, markets suchas China, India and Russia are still growing veryrapidly.”
O’Leary added: “This allowsus to dramatically increase our output. In fact we plan to double it over thenext two years.”
The move comes almost a yearafter the firm, which is one of the largest employers in Northern Ireland,closed down its substrate manufacturing plant in nearby Limavady. The factorywill close its doors in October. O’Leary added that although Seagate hadobviously been unable to save all 900 jobs at Limavady, new positions had beenfound for some key qualified workers at Springbank.