Aug 15, 1995

Seagate Continues Expansion of Component Operations with New Thailand Plant

SCOTTS VALLEY, Calif. - Seagate Technology, Inc. (NYSE: SEG) today announced that it will begin construction of a 220,000 square-foot head-gimbal assembly (HGA) plant in Korat, Thailand. The new facility, an extension of the company's existing HGA operations in Bangkok, will be located in Nakhon Ratchasima (also known as "Korat") in the north-east region of Thailand. The Korat plant, which represents an investment of more than US$40 million in land, facilities and equipment, is anticipated to begin production in April, 1996.

"Seagate's decision to expand its operations to an area outside of Bangkok was made in part to support the Thai government's efforts to bring jobs and economic growth opportunities to areas of the country that are losing a great deal of their population to the Bangkok laborforce," said Brendan Hegarty, executive vice president and chief operating officer of Seagate's Components Group. "The northeast region of the country offers an abundant labor pool, the talent of several local academic institutions, a significantly lower cost of living and a greatly improved quality of life.

"The expansion of our global manufacturing operations is reflective of Seagate's commitment to maintaining industry leadership in core component technologies, and to satisfying growing industry demand for storage," Hegarty continued. "That commitment is evidenced not only by the company's expansion in Thailand, but also by significant, ongoing investment in drive and component operations in Singapore, the People's Republic of China, Malaysia, Ireland, and the United States."

Seagate Technology, Inc. is a data technology company that provides products for storing, managing and accessing digital information on the world's computer and data communications systems. Seagate, at more than $4.5 billion in revenue for its fiscal year ended June 30, 1995, is the largest independent disc drive and components company in the world.