April 14, 2013

IMI 20th Largest EMS Provider in the World


Ayala-led Integrated Micro-Electronics Inc. (IMI), a leading worldwide provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services (SATS), is now the 20th largest EMS provider in the world in terms of revenues based on the recently released list of Manufacturing Market Insider, a U.S.-based EMS trade publication. IMI's ranking improved from 24th in the previous list.

The company earlier reported US$661.M in consolidated sales revenues in 2012, up by 15% from US$575.5 M in 2011, on acquisitions as well as business expansion of key customers. Its consolidated net income of US$5.4 M in 2012 represents a vast improvement from US$3.3 M in 2011.

Arthur Tan, IMI president and chief executive officer, said, “Despite global uncertainties and challenges in major markets, we are undaunted that we will soar higher in 2013.”

He added, “We will look more aggressively for pockets of growth in every region, even as we continue to leverage our presence in China, whose economy is expected to continue growing at a fast rate of more than 8 percent in 2013. We will also capitalize on the trend of return to regionalization as original equipment manufacturers in North America and Europe aim to lower their total cost of production.”

Tan Added, “We have grown from US$79 million in revenues in 2002 to today’s almost US$700 million…Our story continues, and we have good reason to keep the faith. We consistently deliver on our promises to expand both regionally and globally, to diversify our market base, as well as to further enhance our competencies. We will carry on in the years ahead."