15/04/2003
Seagate invest £4m in new R&D project
Seagate Technology (Ireland) is to invest £4 million in a new R&D project at its Springtown plant in Londonderry.
The company hope that the investment will position its Northern Ireland operation at the centre of the US corporation's global research into new digital storage technologies.
Making the announcement, during a visit to the company’s Springtown plant, Enterprise Minister Ian Pearson, revealed that Invest NI would be providing £1.38 million under the START Programme towards the total costs of the project. START is funded by the European Union and Invest NI.
The Minister said: "This expansion of Springtown’s R&D capability follows the company’s recent decision to establish a Centre of Excellence at its Limavady plant to develop state-of-the-art production and inspection processes to facilitate the use of new substrate technology for hard disc drives.
"Seagate reinforces the important contribution of US investment and industry to Derry, reflected in the diversity of major US corporations in the regions, including DuPont and Raytheon."
"It is, furthermore, a tremendous boost for our Regional Innovation Strategy which seeks to establish Northern Ireland as an international R&D centre and for Invest NI’s drive to promote innovation as a pivotal business activity."
Seagate’s Springtown facility began manufacturing thin film wafers for recording heads used in computer disc drives in 1994. The Limavady operation, Seagate Technology Media (Ireland) was established in 1996 to process aluminium substrates for disc drives.
(MB)
The company hope that the investment will position its Northern Ireland operation at the centre of the US corporation's global research into new digital storage technologies.
Making the announcement, during a visit to the company’s Springtown plant, Enterprise Minister Ian Pearson, revealed that Invest NI would be providing £1.38 million under the START Programme towards the total costs of the project. START is funded by the European Union and Invest NI.
The Minister said: "This expansion of Springtown’s R&D capability follows the company’s recent decision to establish a Centre of Excellence at its Limavady plant to develop state-of-the-art production and inspection processes to facilitate the use of new substrate technology for hard disc drives.
"Seagate reinforces the important contribution of US investment and industry to Derry, reflected in the diversity of major US corporations in the regions, including DuPont and Raytheon."
"It is, furthermore, a tremendous boost for our Regional Innovation Strategy which seeks to establish Northern Ireland as an international R&D centre and for Invest NI’s drive to promote innovation as a pivotal business activity."
Seagate’s Springtown facility began manufacturing thin film wafers for recording heads used in computer disc drives in 1994. The Limavady operation, Seagate Technology Media (Ireland) was established in 1996 to process aluminium substrates for disc drives.
(MB)
Related Northern Ireland News Stories
Click here for the latest headlines.
11 December 2006
Invest NI announces support for Bombardier project
Invest Northern Ireland has today announced its support for a £3 million research and development project by Bombardier Aerospace in Belfast.
Invest NI announces support for Bombardier project
Invest Northern Ireland has today announced its support for a £3 million research and development project by Bombardier Aerospace in Belfast.
16 September 2024
Economy Minister Begins North America Visit
Economy Minister Conor Murphy has arrived in North America with Invest Northern Ireland to strengthen economic ties and highlight Northern Ireland's business strengths.
Economy Minister Begins North America Visit
Economy Minister Conor Murphy has arrived in North America with Invest Northern Ireland to strengthen economic ties and highlight Northern Ireland's business strengths.
08 May 2013
177 Jobs Created At Deloitte Belfast
177 jobs are to be created at Deloitte's Belfast Technology Studio. The company delivers business services to the UK and European markets and has now announced the creation of new jobs in Belfast, with the help of a £1.2m injection from Invest Northern Ireland.
177 Jobs Created At Deloitte Belfast
177 jobs are to be created at Deloitte's Belfast Technology Studio. The company delivers business services to the UK and European markets and has now announced the creation of new jobs in Belfast, with the help of a £1.2m injection from Invest Northern Ireland.
08 September 2009
Foster To Lead Trade Delegation To India
Enterprise Minister Arlene Foster is to lead Northern Ireland's trade and investment mission to India at the end of September. The Minister's participation was announced during a visit to Polaris Software, one of India's leading software companies and one of four existing Indian inward investors in Northern Ireland.
Foster To Lead Trade Delegation To India
Enterprise Minister Arlene Foster is to lead Northern Ireland's trade and investment mission to India at the end of September. The Minister's participation was announced during a visit to Polaris Software, one of India's leading software companies and one of four existing Indian inward investors in Northern Ireland.
01 July 2021
Robotics And Automation Research Project For NI's Agri-food Industry
A new research and development project to investigate the opportunities for robotics and automation in the NI Agri-food industry has been launched by Agriculture Minister Edwin Poots. The Minister said that robotics and automation in the agri-food industry could improve productivity, reduce waste, maximise safety and lower costs.
Robotics And Automation Research Project For NI's Agri-food Industry
A new research and development project to investigate the opportunities for robotics and automation in the NI Agri-food industry has been launched by Agriculture Minister Edwin Poots. The Minister said that robotics and automation in the agri-food industry could improve productivity, reduce waste, maximise safety and lower costs.