Ayala firm seeks expanded ties with Japan companies

By VG Cabuag, BusinessMirror

Posted at Jan 14 2014 07:57 AM | Updated as of Jan 14 2014 03:57 PM

MANILA - The Ayala-led Integrated Micro-Electronics Inc. (IMI) said it is looking at expanding its business with Japanese original equipment manufacturers, focusing on high-value segments to grow its operations.

Arthur Tan, IMI president and chief executive officer, said the company wants to tap Japanese firms in the automotive, industrial, storage-device and telecommunications-infrastructure sectors as a means to expand its business deals with the world’s third-largest economy.

“The Internepcon Japan serves as a fitting channel for us to convey to the Japanese market our broader geographic presence, expanded technical capabilities, and renewed focus on high-complexity products and services,” IMI said.

The Ayala firm also said it would join the Japan trade show scheduled in Tokyo from January 15 to 17, where the company plans to showcase its design-to-manufacturing solutions, covering design and development engineering, advanced manufacturing engineering, test and system development, and volume manufacturing for original equipment manufacturers (OEMs) in diverse electronics market segments.

IMI has manufacturing sites in the Philippines, China, Singapore, the United States, Mexico, Bulgaria and the Czech Republic.

IMI earlier said its net income for the first nine months of 2013 reached $5.3 million, up by 6 percent, from the previous year due to the company’s strong business expansion in Europe, Mexico and the Philippines.

Its nine-month revenues reached $547.1 million, a 10-percent increase from 2012.

IMI’s China and Singapore operations contributed 36 percent to IMI’s revenues during the period ending September 2013 at $197.6 million, a decline of 6 percent year-on-year due to the slowdown of local demand in the communication and consumer industry segments.