Cost of Thailand floods runs into the millions for WD

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Cost of Thailand floods runs into the millions for WD

Simon Quicke

The financial impact of the Thailand floods on Western Digital have run into the millions for its last financial quarter.

WD was one of the hardest hit by the floods which swamped factories and component manufacturing facilities and it expects charges to be around the $275m mark for its fiscal Q2.

The vendor expects to be busy with insurance claims filing one for property damage to the tune of $50m and an additional claim for the interruption to business in the quarter.

John Coyne, president and CEO of WD, said that substantial progress had been made in restoring operations in Thailand.

"Much work remains to be done but we couldn't be more pleased with the effort and results thus far, including tremendous support from out supply partners and strategic customers," he said.

Production of hard drives restarted last week in one of the buildings that had been six feet under water since October and decontamination of submerged slider equipment has started at other plants.
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