INTEGRATED Micro-Electronics, Inc. (IMI) on Monday said it improved its ranking in Manufacturing Market Insider’s list of top 50 electronic manufacturing services (EMS) companies in the world.
The Ayala-led company now ranked 17th on the list, from last year’s 18th spot. Manufacturing Market Insider ranks EMS companies based on 2018 revenues.
IMI saw a 24% increase in revenues to $1.35 billion in 2018, driven by its traditional business. Its traditional business alone generated a 16% increase in revenues to $1.04 billion.
The company specializes in manufacturing quality electronics for “long product life cycle segments” like automotive, industrial electronics and aerospace markets.
IMI has manufacturing plants in the Philippines, China, Bulgaria, Czech Republic, Germany, Japan, Mexico, Serbia, United Kingdom and United States.
The unit of AC Industrials, Inc. reported its net income attributable to the parent reached $45.5 million, up 34% due to a one-time gain from the sale of a China entity.
“We remain committed in our strategy to develop complex and high-value products that allows us to remain relevant in our focused target markets,” IMI Chief Executive Officer Arthur Tan earlier said.
