Ayala-led Integrated Micro-Electronics Inc. (IMI) is now the 6th largest global provider of electronic manufacturing services (EMS) to the automotive industry, improving its ranking by a notch from last year.
IMI’s ranking went up based on 2015 automotive EMS revenues from 7th place in 2014, according to the roster drawn up by US-based global market research New Venture Research, IMI disclosed to the Philippine Stock Exchange Wednesday.
The Laguna-based EMS company said its IMI’s ranking had gone up on the back of a 9.2- percent increase in automotive EMS revenue shown on its audited financial statement. Revenue generated by IMI from the automotive segment amounted to $349.86 million in 2015 compared to $321 million in 2014 and $276 million in 2013.
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. Doris Dumlao-Abadilla