Santa Ana-based memory products maker SimpleTech Inc. plans to spend $28 million to build a plant in Malaysia in a bid to lower costs, the company said Wednesday.
SimpleTech, which makes memory boards and cards for computers and consumer electronics, said the plant will be 200,000 square feet and should be operating by early 2008.
Malaysia offered tax incentives and close proximity to memory chip suppliers and customers in Asia, which should cut shipping times, the company said.
SimpleTech, which operates in an industry known for its tight profits, also gets lower cost labor and engineering, the company said.
“The Malaysia operations will be closely linked to the sales, engineering and logistics offices the company has already established in Taiwan, Hong Kong and Japan,” the company said.
