IMI Continues to Prove its Strength
April 8, 2019, Laguna, Philippines —Integrated Micro-Electronics Inc. (IMI), one of the leading global manufacturing and technology solutions experts, today announced that the company finished 2018 with many financial and operational achievements during its Annual Stockholders Meeting (ASM) held earlier today at one of the IMI locations, IMI Philippines’ Laguna manufacturing plant.
“We continue to prove the strength of our dual growth model. Revenues grew 24 percent to US$1.35 billion and net income rose 35 percent to US$45.5 million despite macro-driven challenges on the supply side. Our traditional businesses delivered US$1.04 billion in revenues, up 16 percent from the previous year, while our revenues from our recently acquired companies, VIA Optronics and STI Limited, accelerated 61 percent to a combined US$312.4 million,” said Arthur R. Tan chief executive officer of IMI in his speech.
“Our traditional business pipeline further progressed with US$320 million of new project awards in 2018, 72 percent of which are for automotive applications and 19 percent for the industrial market. The uptake of more electronics in the car through advanced driver assistance systems (ADAS), body electronics, lighting, power management, safety systems and infotainment are driving more businesses for IMI globally,” Gilles Bernard, president and chief operating officer briefed the assembly.
Tan also announced that IMI now ranks 17th in the latest Manufacturing Market Insider’s top 50 list of electronic manufacturing services (EMS) companies in the world based on 2018 revenues, moving one step higher from its previous rank in the 2017 list. The company recorded $1.35 billion in global revenues for 2018 -- a 24 percent year-on-year growth, the highest growth rate among all EMS companies in the global top 20.
In 2020, IMI will be celebrating its 40th anniversary – a significant milestone in IMI’s history.
About IMI
Integrated Micro-Electronics Inc. (IMI), the manufacturing portfolio of AC Industrials, Inc., a wholly-owned subsidiary of Ayala Corporation is among the leading global technology solutions company in the world. IMI ranks 18th in the list of top 50 EMS providers in the world by the Manufacturing Market Insider, based on 2017 revenues. In the automotive market, it is now the 5th largest EMS provider in the world per New Venture Research.
IMI specializes in highly reliable and quality electronics for long product life cycle segments such as automotive, industrial electronics and the aerospace market.
For the automotive segment, IMI delivers customized solutions for safety and security, which includes automotive cameras, electronic control units (ECUs) and advanced driver assistance systems (ADAS). In the industrial segment, it manufactures security and access control devices, power modules, and asset tracking systems, among others. For aerospace, IMI, through its subsidiary Surface Technology International (STI) Enterprise, a UK-based company, has been providing various wireless solutions using satellite communications to address the quality and safety demands in the EMS aerospace market including products to a range of helicopters, multiple fast jet platforms, transport aircrafts and drones.
From its manufacturing plants in the Philippines, China, Bulgaria, Czech Republic, Germany, Japan, Mexico, Serbia, United Kingdom and the United States, IMI provides engineering, manufacturing, and support and fulfillment capabilities to diverse industries globally. For more information, visit our website.
For more information contact ir@global-imi.com
