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Philippine EMS company aims for global foothold

Posted on: February 24, 2009

Posted: 01 Feb 2007

URL: http://www.eetasia.com/ART_8800451516_480200_NT_9f12753f.HTM

Hoping to join the ranks of the top 20 global EMS providers and post $1 billion in revenue by 2011, Philippine-based Integrated Microelectronics Inc. (IMI) will focus on integration and push forth bold ventures in emerging applications this year.

“We are gearing to be a more engineering- and technology-oriented company,” said IMI president and CEO Arthur Tan. Key to this goal is the integration of its recent acquisitions, which include Singapore’s SpeedyTech and the Philippines’ M. Hansson Consulting Inc. (MHCI), as well as alliances with Germany’s BuS Elektronik and PSi Technologies of the Philippines.

In 2003, IMI set a five-year goal to expand beyond the Philippine market. “To date, we have achieved 80 percent to 90 percent of that initial strategic plan for expansion, and we’re on track to meet that,” said Tan.

This year, IMI will tap MHCI to integrate further its Eazix development team with its technological companies based in China, Singapore and the United States. By doing so, IMI hopes to unlock the synergies from its different units, and to build a brand identity from the resulting higher-value competencies.

“We are starting to integrate the groups to become a global design organization,” said Michael Hansson, IMI’s director of design and engineering services. “And to remain competitive, we will focus on the key areas that we have.”

Strategic projects
Apart from integration, IMI is also eyeing the expansion of its facilities in other countries such as Vietnam and China. Tan said the company is planning more acquisitions of OEMs, ODMs and EMS companies in the United States and Europe to fortify its presence in those regions. IMI’s chief financial officer, Carissa Santos, revealed the company’s plan to put up a representative office in Eastern Europe prior to the establishment of a manufacturing facility there. Nonetheless, Tan stressed that IMI will maintain its core breadth of manufacturing in the Philippines.

Tan: We are gearing to be a more engineering- and technology-oriented company.

For its goal to become a $1 billion company by 2011, IMI will capitalize on the positive outlook for electronics assembly, which boasts a projected CAGR of 6.9 percent until 2010. Specifically, IMI targets servicing emerging design apps for high-margin, low-volume manufacturing of medical, industrial and automotive components. “These segments will provide IMI a niche market to capture and diversify into,” Tan said.

Another key project of IMI for 2007 is its venture into the automotive electronics sector. Tan explained that although automotive unit shipments only increase 7 percent to 9 percent annually, the electronic content in vehicles grows 20 percent every year. Tan said that IMI will design electronics for comfort and convenience, and under-the-hood electronics, the top two automotive subsegments that are registering strong growth for electronic content. IMI recently won a design contract with a German automaker.

For industrial applications, Hansson said that IMI’s design team is currently providing Zigbee solutions for automation, bringing together their strength in power electronics, wireless technology and small-scale assembly devices. Seeking to strengthen its position in the medical electronics market segment, IMI passed the audit for ISO 13485: 2003, the quality management system certification for the medical industry.

IMI will continue beefing up its optical disk-drive storage production for mobile PCs, which is expected to perform strongly over its desktop counterpart. Part of this strategy was the start of production of Blu-ray drives in November. IMI has also expanded its LCD production and started rolling out high-end TFT LCDs and thin film diodes, having won two LCD contracts in Japan.

Anna Valmero
Electronic Engineering Times-Asia

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