Integrated Micro-Electronics, Inc. (IMI), a leading provider of electronics manufacturing services, announces the strategic closure of its Chengdu, China facility. This move is part of IMI’s ongoing efforts to streamline operations and reduce costs, aligning with the company’s strategy to consolidate its footprint into strategically located facilities. Production at IMI Chengdu concluded in December 2024, with all customer commitments successfully met. The remaining customer projects have been seamlessly transferred to other IMI sites.
As part of the closure process, IMI will complete the transfer of assets and equipment by the end of January 2025. The facility is scheduled to be formally handed back to the landlord by February 2025. Additionally, IMI is working diligently to comply with local government regulations, initiating a six-month winding up period starting in February 2025. This strategic move is expected to enhance operational efficiency and bolster IMI’s capability to deliver high-quality products and services to its global portfolio of customers from its other strategically positioned manufacturing sites. “We are taking these steps to ensure our operations remain aligned with market demands while enhancing our ability to serve customers with agility and cost-effectiveness. We extend our heartfelt gratitude to our Chengdu team for their dedication and hard work in ensuring a smooth transition,” said Louie Hughes, CEO of IMI. Integrated Micro-Electronics, Inc. (IMI), is a leading global electronics manufacturing solutions expert specializing in highly reliable and quality electronics for long product life cycle segments in the automotive, industrial, power electronics, communications, and medical industries. IMI ranks among the top EMS providers in the world by the Manufacturing Market Insider, based on 2023 revenues and remains among the top ten in the automotive sector according to New Venture Research. From its 19 manufacturing plants across nine different countries, the company provides engineering, manufacturing, and support and fulfillment capabilities to diverse industries globally.
0 Comments
Leave a Reply. |
PLACE YOUR ADS HERE Join and Subscribe to my Newsletter. It's FREE! ABOUT THE
BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Follow me on FACEBOOK x PLACE YOUR ADS HERE PLACE YOUR ADS HERE Categories
All
Archives
March 2025
|