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Thai floods hit hard disk firms

Thai floods hit hard disk firms

The Thai floods are set to cause up to a 30% slump in hard disk production in the last three months of the year compared to the prior period, according to IHS iSuppli.

A report by the research firm said hard disks have already risen in price because of damage caused to factories.

It warned supply shortages may continue throughout the first half of 2012.

It also said Canon, Nikon and Sony’s local camera-making plants had been affected by the natural disaster.

More than one-third of Thailand’s provinces have been inundated by floodwater since July. The report estimated that a total of 14,000 factories had been damaged.

The study claimed the hard disk industry had been “hit hardest”.

Thailand is the world’s second biggest producer of the devices after China.

Read More/Source: BBC News

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