Thai-floods effects may last until september

Western Digital LogoHD manufacturer Western Digital announced yesterday its Q2 financial results. The company reported revenue of $2.0 billion, hard-drive unit shipments of 28.5 million and net income of $145 million.

That’s not so bad considering the troubling situation for the HD supply. More interestingly, there are news about the full recovery of the production: WD claims to restore the pre-floods’ levels for september. Here’s an extract from the official press release:

Operations Update
The company also announced it has made significant additional progress to restore its manufacturing capacity following the recent flooding in Thailand. It has continued to ramp HDD production in Thailand and yesterday resumed slider production which had been suspended since October 10. The company now believes its manufacturing capacity will be back to pre-flood capabilities in the quarter ending September 2012.

“We have made substantial progress in restoring WD’s manufacturing capabilities in the aftermath of the historic flooding in Thailand, and this is reflected in our second quarter financial results and in the resumption of our operations there,” said John Coyne, president and chief executive officer. “While much work remains to be done over the next several quarters to reach our pre-flood manufacturing capabilities, the progress thus far is significantly ahead of our original expectations and is a tribute to the dedicated and effective actions of our employees, contractors and Thai government agencies, the efforts of our supply partners and the support of our customers. We are grateful to all involved in this extraordinary effort.”

Furthermore, the company announces that the acquisition of the hard drive branch of Hitachi will be completed in about two months.

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