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Philippines' IMI eyes global foothold

Posted: 29 Dec 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Blu-ray? TFT LCD? TFD LCD? LCD? IMI?

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

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

"We are gearing to be a more engineering- and technological-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 80-90 percent of that initial strategic plan [for expansion], and we're on track to meet that," said Tan.

For 2007, 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.

"What we are doing now is 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 also eyes expansion of its facilities in other countries such as Vietnam and China. By January, IMI will finalize plans for foray in Vietnam. Tan said the company also eyes more acquisitions of OEMs, ODMs and EMS companies in the U.S. and Europe to further its presence in the regions. IMI's chief financial officer Carissa Santos revealed the company's plan to put up a representative office in Eastern Europe before considering a manufacturing facility. Nonetheless, Tan stressed that IMI will maintain its core breadth of manufacturing in the Philippines.

For its goal to become a $1 billion company by 2011, IMI will capitalize on the positive outlook for electronics assembly with 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 7-9 percent annually, the electronic content in vehicles grows 20 percent every year. Tan said that IMI will design electronics for comfort and convenience, and underhood electronics, the top two automotive subsegments that are registering strong growth for electronic content. Recently, IMI won a design contract with a German automaker.

For industrial applications, Hansson shared that IMI's design team is currently providing Zigbee solutions for industrial automation, bringing together their strength in power electronics, wireless technology and small-scale assembly devices. In furthering its inroads in the medical electronics market segment, IMI passed 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 set to perform strongly over their desktop counterpart. Part of this strategy is the commencement of its production of Blu-ray drives in November. IMI has also expanded its production of LCD and started rolling out high-end TFT LCDs and thin film diode. The company has won two LCD contracts for Japan via its marketing office in the country.

- Anna Valmero
Electronic Engineering Times-Asia

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