JAPANESE FIRM BUYS HP's VANCOVER CANADA CAMPUS

  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • 161213_banner_futorag_902x177px
  • ink-direct-banner-902-x-177-v-1-2-big-banner-03-23-2017
  • futor_902x177v7-tonernew
  • 4toner4
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 2toner1-2
  • Print
  • banner-01-26-17b
Share

JAPANESE FIRM BUYS HP's VANCOVER CANADA CAMPUS

 user 2009-06-30 at 12:04:05 pm Views: 50
  • #22289

    http://www.seattlepi.com/local/6420ap_wa_hewlett_packard.html
    Japanese firm buys HP Vancouver campus
    VANCOUVER, Wash. — The parent corporation of SEH America has bought Hewlett-Packard’s eastern Vancouver campus for $55 million.The Shin-Etsu Handotai Group bought the property with a market value of $51.15 million, the Vancouver Columbian newspaper reported. It consists of 174 acres, four buildings and 694,000 square feet of spaceMayor Royce Pollard declined to speculate on how many jobs SEH could create at its new site, except to say “probably in the hundreds.”"This is the brass ring we have been reaching for to keep our local community thriving and vital,” Pollard told The Columbian. “It says something about us when a successful, international company like SEH America chooses our city for its future growth.”The sale, recorded Friday, is another step in HP’s gradual departure from Vancouver, where 30 years ago, its engineers invented the company’s hot-selling line of inkjet printers.Inkjet printers boosted HP sales throughout the 1980s and 1990s when HP’s Vancouver work force peaked at 3,500. Printer manufacturing was moved to Malaysia in 1999.

    HP’s Vancouver work force now is estimated at about 600.
    The deal represents the latest investment decision by SEH and its Japanese parent corporation to expand manufacturing in Vancouver.Shin-Etsu is the world’s largest supplier of semiconductor materials and silicon from plants around the globe, with annual sales of $12.25 billion.SEH’s customers include Intel Corp. and Texas Instruments. Its nonconductive wafers are used to make computer chips, mobile phones and other electronic devices.In February Pollard and City Manager Pat McDonnell quietly visited Tokyo to meet officials at the Shin-Etsu Handotai Group and its parent corporation, Shin-Etsu Chemical.