MANILA, Philippines - Ayala-led Integrated Micro-Electronics Inc. (IMI), a provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services, has climbed three notches higher in the latest list of the largest EMS providers in the world.
IMI said it has moved up to no. 18 from its previous rank of 21st in the latest list of Manufacturing Market Insider for the top 50 EMS providers globally.
The ranking is based on the 2014 EMS-related revenues of companies and IMI once again is the only Filipino-owned company to make it in the list.
IMI posted $800 million in EMS-related revenues for 2014, a 13.9 percent year-on-year growth.
Hon Hai Precision Industry (Foxconn) and Pegatron, two companies from Taiwan, meanwhile, remained as the top two largest EMS providers in the world. Singapore’s Flextronics ranked third in the list.
IMI president and chief executive officer Arthur Tan said 2014 was a great year for the company, surpassing the EMS industry growth rate in 2014 and its financials in the previous year.
Last year, IMI’s total revenues rose 13 percent to $844.5 million, from $745.0 million in 2013.
IMI said the growth was faster than that of the global EMS industry which posted a single-digit growth rate.
“We have opportunities for growth. The world is shifting, and there’s a lot of focus on Asia, which also bodes well for us because majority of our manufacturing sites are in the region,” Tan said.
“Asia is also a growing consumer market, and products must be designed and developed, a role being fulfilled by our other global sites. Thus, we can claim that we have the best of both worlds,” he added.
IMI hopes to become the first Filipino-owned electronics manufacturer to earn billions of dollars in revenues.
Tan said the company is on track to achieving its goal of hitting a $1-billion revenue by next year.
Aside from the Philippines, IMI to date is also present in six other countries including China, Singapore, Mexico, Bulgaria, Czech Republic, and US. It operates 14 manufacturing plants in all seven countries, five of which are in the Philippines.
IMI said Manufacturing Market Insider is the first and only publication dedicated to contract manufacturing of electronics.
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