AYALA-led Integrated Micro-Electronics Inc. (IMI) is now the 6th largest global provider of electronic manufacturing services (EMS) to the automotive industry, rising by another notch from last year.
IMI’s ranking went up based on 2015 automotive EMS revenues from 7th place in 2014, based on the roster drawn up by US-based global market research New Venture Research, IMI disclosed to the Philippine Stock Exchange on Wednesday.
The Laguna-based EMS company said its IMI’s ranking had gone up on the back of the 9.2- percent increase in 2015 automotive EMS revenues based on its audited financial statement. Automotive EMS last year amounted to $349.86 million.
Engaged with nine out of the top 15 global automotive parts suppliers, IMI supplies customized solutions in driver assistance, driver and passenger safety, car security, and body controls, among others.
“As the electronic content of cars increases, our collaborative approach and extensive technical capabilities will open the door to even more opportunities with tier one suppliers in the automotive industry for the development or assembly of their products,” IMI chief executive officer Arthur Tan said.
IMI president and chief operating officer Gilles Bernard added: “We are very proud of this achievement as it reflects our continuous business expansion to serve the automotive market. Further, it is a testament to our deep expertise that is being recognized by our existing customers and attracting other automotive parts makers.”
IMI is expanding its manufacturing plants in Jiaxing (China), Botevgrad (Bulgaria), and Guadalajara (Mexico), citing the need to accommodate increased business from tier one automotive parts suppliers.
Overall, IMI is among the top 50 EMS providers in the world based on the latest list of Manufacturing Market Insider based on EMS-related revenues. Its specializes in durable electronics for long-product life cycle segments such as automotive and industrial electronics.
For the automotive segment, IMI delivers customized solutions for safety and security, among others. It supplies cameras that are integral technology to the advanced driver assistance systems (ADAS). For the industrial segment, IMI manufactures security and access control devices, power modules, and building automation, among others.