Source: Xinhua
KUALA LUMPUR, May 18 (Xinhua) -- World leading storage applications producer Western Digital (WD) plans to increase investment by 1.2 billion U.S. dollars in Malaysia over the next five years.
WD President and Chief Executive Officer John F. Coyne said this on Tuesday in a meeting with Malaysian Prime Minister Najib Tun Razak, according to a statement issued by the prime minister's office.
The investment will include the construction of a new 1.5 million square foot multi-storey building for research and development and manufacture of magnetic head and media components and hard disk drives.
Construction is scheduled for completion by the third quarter of 2011 and the facility will be ramped to full capacity over the following five years, said the statement.
The project is expected to create up to 10,000 additional jobs, it said.
Entering Malaysia in 1972, WD has so far injected a total investment of 2.5 billion U.S. dollars here and offered over 19, 000 jobs.