IMI expanding European businessBy Doris C. Dumlao
Philippine Daily Inquirer
MANILA, Philippines–Ayala-led Integrated Micro-Electronics Inc., a leading provider of electronics manufacturing services and power semiconductor assembly and tests services around the world, is keen on expanding its business in Europe.
In line with this objective, IMI announced on Monday that it will join the Electronica 2012 trade show–one of major global trade fairs for electronic products, systems, components and applications–in Munich, Germany, on Nov. 13-16 this year.
IMI, which has 17 manufacturing sites across the globe including those in Bulgaria and the Czech Republic, intends to showcase in this trade fair its “innovative, flexible, and cost-effective solutions” at Electronica 2012, which include high-value product design and development, and manufacturing capabilities for diverse markets like automotive, industrial, medical, telecommunication infrastructure and renewable energy.
“Our company booth will focus on products for significant emerging applications of electronics aligned with our goal to be known as a company that drives innovation. The exhibit is also an opportunity for us to show the world that the Philippines is squarely back in contention as among the world’s best in the electronics field,” IMI president and chief executive officer Arthur Tan said in a press statement.
“We want to expand business with European original electronics makers who now contribute about half of our total company revenues. We foresee increasing their share with more programs for the automotive, industrial, medical, and communications segments,” Tan added.
For the automotive market, IMI plans to highlight platforms for automotive camera, safety-related control devices, electronic steering modules, and ignition modules. IMI subsidiary PSi Technologies will display power QFN (quad flat no leads) integrated circuit products featuring better power management with reduced module size and space, and improved overall thermal performance.
“Our expanded geographic footprint and extensive technical capabilities allow us to take on the specific outsourcing needs of our OEM (original equipment manufacturers) customers catering to either regional or international markets.”
IMI currently ranks 24th among the Top 50 list of electronic manufacturing service (EMS) providers ranked by trade newsletter Manufacturing Market Insider. Apart from its manufacturing sites in eastern Europe, it has production facilities in the Philippines, China, Singapore, the United States and Mexico.
The company grew its first semester net profit by 173 percent year-on-year to $3.1 million despite a weak global environment. The income growth was primarily attributed to IMI’s expansion in Europe and Mexico, increased business from the Philippine operations and reduced operating expenses. Its subsidiaries in Europe and Mexico contributed $85.7 million in revenues in the first six months.
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