CORRECTED - CORRECTED-(OFFICIAL)-Hitachi aims for 33-40 pct HDD sales growth

(Company corrects sales growth period to calendar year 2007 from business year 2007/08)

TOKYO, March 22 (Reuters) - Hitachi Ltd. (6501.T), Japan's biggest electronics conglomerate, said on Thursday it aims to post hard disk drive sales growth of 33-40 percent in calendar 2007.

The company bought International Business Machines Corp.'s (IBM.N) disk drive operations in 2002 for $2 billion, but the unit has been a drag on its earnings.

Hitachi also said it would close a hard drive parts factory in Mexico by the middle of 2008 and would aim to cut a cumulative $300 million in costs over five years.

Hitachi has said it hopes to get its struggling hard drive business into the black in the business year beginning in April.