Integrated Micro-Electronics Inc. (IMI), the electronics manufacturing subsidiary of the Ayala Group, is closing its Chengdu, China facility to streamline operations and reduce costs. 

In a stock exchange report on Friday, the company said the decision aligns with its initiative to consolidate its manufacturing footprint into strategically located facilities.

Production at the Chengdu plant ceased in December 2024, with all customer commitments successfully fulfilled. The remaining customer projects have been seamlessly transferred to other IMI sites to ensure continued service delivery.

The company plans to complete the transfer of assets and equipment by the end of the month, with the formal return of the facility to its landlord scheduled for February. 

To comply with local regulations, IMI will begin a six-month winding-up process starting in February.

“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,” IMI CEO Louie Hughes said. 

“We extend our heartfelt gratitude to our Chengdu team for their dedication and hard work in ensuring a smooth transition,” he added.

For IMI, the closure to enhance its operational efficiency and strengthen its ability to deliver high-quality products and services from its remaining manufacturing sites strategically positioned across the globe.