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Resonac Holdings extends gains for third day on plan to expand hard disk media production capacity by 30%
RESONAC HOLDINGS CORPORATION <4004> extended its rally for a third straight session. The company announced today that it will expand its hard disk drive (HDD) media production capacity by 31%, increasing annual output to approximately 210 million units from the current 160 million. The move prompted buying on expectations of a positive long-term impact on earnings.
The capacity expansion targets anticipated medium- to long-term growth in data center storage demand, driven by the surge in generative AI and cloud services. Resonac plans to position its Singapore facility as a core hub, with new production lines scheduled to launch gradually from 2027 based on market trends. The company aims for cost-efficient expansion by utilizing existing floor space and relocating idle equipment from its shuttered Taiwan facility.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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