07.185.2008 - £120 Million Investment Will Make Seagate's Derry Plant Global Technology Leader

July 3, 2008-Seagate Technology (NYSE:STX) has announced a £120 million investment in its Springtown, Londonderry, plant, which will make it the global technology leader in the production of read-write heads for hard disc drives. The investment, which is expected to be completed in 2010, will go into new equipment, research and development, infrastructure and IT systems that will enable the factory to retain its position as the lowest cost and biggest producer of read-write heads in the world. - View Press Release - Visit Seagate Technology LLC