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Western Digital's Thailand production facilities affected by flooding

Published: 15:37 12 Oct 2011 EDT

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Hard drive maker Western Digital (NYSE:WDC) announced Wednesday it expects production in the current quarter to be adversely affected by the severe flooding in Thailand.

The flooding has caused issues with infrastructure in the region, including transportation and utilities, and has resulted in the inundation of some supplier facilities.

However, Western Digital reported that its approximate 37,000 Thailand-based employees are safe at this time.

Western Digital also said its facilities in Thailand remain operational, though production has been temporarily suspended as a safety measure for its employees and as a preventative measure regarding damage to equipment.

As the flooding continues and conditions continue to evolve, the company said it is unable to fully determine the impact on its operations at this time. It will provide further updates during its conference call, scheduled for October 19, it added.

In the quarter that ended July 1, the company shipped about 54 million hard drives from its facilities in Thailand and Malaysia, with approximately 60% of those shipped from its Thailand locations.

Some 2.3 million people have been, in some way, affected by what reports are calling the worst flood season to hit Thailand in 50 years, the company said.

Based in Lake Forest, California, Western Digital makes hard drives and solid state drives for the collection, management, and use of digital information.

In New York, its shares shed 4.5% to $27.58 as of 3:14 pm EDT.

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