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Thursday, March 28, 2024

Ayala’s IMI upbeat, sees more contracts and revenues

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Integrated Micro-Electronics Inc., a unit of conglomerate Ayala Corp. and a leading global manufacturing and technology solutions expert, remains positive on the prospects of the company this year after securing new projects that could potentially deliver $407 million in annual revenues.

IMI president Arthur Tan said during the annual stockholders’ meeting conducted via livestream Thursday that the company, despite the current headwinds due to COVID-19, has put in place systems that would enable it to continue operations amid market disruptions.

“As a global manufacturing partner, we have systems in place for these kinds of market disruptions currently enforced in our sites today. Our capabilities across all the major markets puts us in a unique position to not only survive but to rebuild and emerge stronger and better. Part of our operations now is to sustain and support most of the essential industrial and medical products that the world desperately needs,” Tan said.

An IMI unit, Surface Technology International (STI) Ltd. based in the UK, has joined the #VentilatorChallengeUK consortium in producing critically needed medical ventilators in the fight against COVID-19 in the region. It is a consortium of UK industrial, technology and engineering businesses from across the aerospace, automotive and medical sectors, that has come together to produce medical ventilators.

IMI is also producing printed circuit board assemblies used for ultrasonic welding equipment commissioned by a medical device manufacturer. It is a critical equipment needed to produce medical textiles and filters for syringes and other medical devices.

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Tan said the company is also driving the development of next generation platforms, especially in the areas of automotive.

“Business wins related to the automotive camera continue to rise and provide IMI with leverage in offering more advanced technologies such as mirror replacement and camera-video system level modules. Revenues in this group is seen to double to US$124 Million in the next five years,” Tan said.

IMI is striving establish its niche in higher value markets and expanded levels of the standard business models.

“With our experience and reputation, we get to collaborate with the best in the industry in project management from design concept to manufacturing and delivery,” Tan said.

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