JAPANESE FIRM BUYS HP's VANCOVER CANADA CAMPUS

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

JAPANESE FIRM BUYS HP's VANCOVER CANADA CAMPUS

 user 2009-06-30 at 12:04:49 pm Views: 54
  • #21915
    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.