MANILA, Philippines – Ayala-led Integrated Micro-Electronics Inc. (IMI) said it has secured a new manufacturing deal with a Japanese firm.
In a disclosure to the local bourse, IMI said it will produce heating, ventilation and air conditioning (HVAC) and blower units for the Mexico plant of Japan Climate Systems Corp. (JCS) starting the first quarter of 2014.
Specifically, JCS is outsourcing to IMI the development of small plastic molds and plastic injection and complete product assembly of HVAC and blower units for Mazda cars.
JCS develops, manufactures, and sells air conditioning, thermal control, and cooling apparatus for automobile and industrial machinery. Automotive firm Mazda, along with Visteon and Panasonic, is one of the main shareholders of JCS.
“Our global footprint and extensive experience with Japanese partners make the synergy very compelling for JCS to choose IMI,” said IMI president and CEO Arthur R. Tan said.
“This partnership also increases our company’s penetration into our target market of automotive electronics,” Tan added.
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“Partnering with an experienced electronics manufacturing services (EMS) provider like IMI will allow us to efficiently manufacture for our Mexico business,” said JCS president Toshiki Hiura.
Hiura said IMI’s plastic injection and assembly technology and track record will help JCS grow its business.
IMI is a provider of EMS and is into power semiconductor assembly and test services.
It has a total of 17 manufacturing facilities in the Philippines, China, Singapore, US, Mexico, Bulgaria and Czech Republic.
IMI serves diversified markets that include those in the automotive, industrial, medical, solar energy, telecommunications infrastructure, storage device and consumer electronics industries.
In the nine months to September last year, IMI posted a net income of $5 million, more than triple the $1.6 million a year ago given the business expansion in Europe and Mexico, better capacity utilization of China plants and reduced overall operating expenses.