Menu
02/07/2003
IT firm announces £90m investment
Leading IT company, Seagate Technology has announced it is to invest £90 million at its Londonderry plant over the next three years.
The investment will help the US company's Springtown plant develop new technology that could provide computer manufacturers with hard disc drives that offer increases in storage capacity and performance.
Announcing the Invest-NI backed investment today alongside plant manager John Spangler, Enterprise Minister Ian Pearson said: “This is a major investment - among the most significant in recent years - in the North West and the wider Northern Ireland economy, by a global industry leader that has become a driving force here in the electronics industry in terms of its focus on innovation and relationships in the universities on cutting-edge R&D projects.
“As well as positioning the Springtown operation at the very centre of Seagate’s most advanced technology, the investment is a signal to the international electronics industry that Northern Ireland is a perfect location for knowledge-led companies with a strong global focus.”
Mr Pearson said the investment would also reinforce the Department’s regional innovation strategy ‘Think/Create/Innovate’ and the work of Invest NI in encouraging industry and the universities to invest in higher levels of R&D.
Seagate's Plant Manager, John Spangler, added: “Continued commitment to R&D is an essential part of Seagate’s corporate strategy to maintain technology leadership and our operations at Springtown and Limavady both have centres of excellence working on advanced technology projects.
“Springtown will play a central role in extending our capability to develop advanced technology products using a variety of materials that are required to provide the vast amounts of storage demanded by the latest digital systems.”
Today's announcement follows a previous R&D investment earlier in the year which will enable Seagate to undertake a strategic research project on the next generation of magnetic recording technology and a Research Centre of Excellence at its Limavady plant.
Seagate is a leading player in the design, manufacture and marketing of hard disc drives for Enterprise, PC and Consumer Electronics applications worldwide.
The company's two facilities in Northern Ireland employ over 1,800 people.
(MB)
The investment will help the US company's Springtown plant develop new technology that could provide computer manufacturers with hard disc drives that offer increases in storage capacity and performance.
Announcing the Invest-NI backed investment today alongside plant manager John Spangler, Enterprise Minister Ian Pearson said: “This is a major investment - among the most significant in recent years - in the North West and the wider Northern Ireland economy, by a global industry leader that has become a driving force here in the electronics industry in terms of its focus on innovation and relationships in the universities on cutting-edge R&D projects.
“As well as positioning the Springtown operation at the very centre of Seagate’s most advanced technology, the investment is a signal to the international electronics industry that Northern Ireland is a perfect location for knowledge-led companies with a strong global focus.”
Mr Pearson said the investment would also reinforce the Department’s regional innovation strategy ‘Think/Create/Innovate’ and the work of Invest NI in encouraging industry and the universities to invest in higher levels of R&D.
Seagate's Plant Manager, John Spangler, added: “Continued commitment to R&D is an essential part of Seagate’s corporate strategy to maintain technology leadership and our operations at Springtown and Limavady both have centres of excellence working on advanced technology projects.
“Springtown will play a central role in extending our capability to develop advanced technology products using a variety of materials that are required to provide the vast amounts of storage demanded by the latest digital systems.”
Today's announcement follows a previous R&D investment earlier in the year which will enable Seagate to undertake a strategic research project on the next generation of magnetic recording technology and a Research Centre of Excellence at its Limavady plant.
Seagate is a leading player in the design, manufacture and marketing of hard disc drives for Enterprise, PC and Consumer Electronics applications worldwide.
The company's two facilities in Northern Ireland employ over 1,800 people.
(MB)
Related Northern Ireland News Stories
Click here for the latest headlines.
09 December 2013
Community Projects Receive £1.1m
A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
Community Projects Receive £1.1m
A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
16 May 2013
£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
15 April 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.
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.
28 January 2010
Derry Gets Major Seagate Investment
It has just been announced that a package of investments totalling approximately £60m is to be made in Londonderry. Centred on its plant at Springtown, Seagate Technology's investment of £47.3m will be enhanced with grants totalling £12.7m from Invest Northern Ireland.
Derry Gets Major Seagate Investment
It has just been announced that a package of investments totalling approximately £60m is to be made in Londonderry. Centred on its plant at Springtown, Seagate Technology's investment of £47.3m will be enhanced with grants totalling £12.7m from Invest Northern Ireland.
04 November 2005
Strabane jobs secure thanks to £2.5m investment
A leading manufacturer of flexible packaging has invested over £2.5 million in state-of-the-art technology to secure the long-term future of its Strabane plant. The investment by Boran Mopack Ltd (BML) will safeguard 57 jobs and will see the company become one of just a few firms across Europe to use such technology.
Strabane jobs secure thanks to £2.5m investment
A leading manufacturer of flexible packaging has invested over £2.5 million in state-of-the-art technology to secure the long-term future of its Strabane plant. The investment by Boran Mopack Ltd (BML) will safeguard 57 jobs and will see the company become one of just a few firms across Europe to use such technology.
-
Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
