Ayala-led Integrated Micro-Electronics Inc. (IMI) has been retained as a “preferred supplier” by German industrial giant Robert Bosch GmbH.
In a disclosure, IMI said its preferred supplier status with Bosch was in recognition of the local firm’s “superior competence and performance.”
Bosch is a leading global supplier of technology and services in the areas of automotive, industrial and consumer electronics.
“Once again, we are very pleased to receive this honor from Bosch,” IMI president and CEO Arthur Tan said in a statement.
“Our partnership, which is based on a shared vision, continues to be strong in spite of volatilities in the global economy and other challenges that we face,” Tan added.
IMI has been a supplier to Bosch for more than nine years in diversified markets, which include automotive, industrial and consumer electronics products.
IMI manufactures components for assembled printed circuit boards for Bosch.
Last month, the company reported that its first-semester net profit grew 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, the company disclosed to the Philippine Stock Exchange Wednesday.
IMI’s consolidated sales revenues improved 24 percent year on year to $325.7 million. IMI’s subsidiaries in Europe and Mexico contributed $85.7 million in revenues in the first six months while another subsidiary, PSi Technologies Inc., booked $25 million in sales.
IMI is a leading electronics manufacturing services (EMS) and power semiconductor assembly and test services with 17 manufacturing facilities around the world. It serves diversified markets, manufacturing equipment for the automotive, industrial, medical, social energy, telecommunications, and storage devices.
It has plants in the Philippines, China, Singapore, the United States, Mexico, Bulgaria and the Czech Republic.