Southampton, PA -- (SBWire) -- 12/30/2013 --After completing still another record year of growth, IMET Corporation’s President Tom Krol remains confident of continued success in 2014 for his electronics contract manufacturing company and now shares that optimism in IMET’s year-end forecast. He bases much of his optimism on the trend to “re-shoring”–a term used to describe the ever-growing number of American businesses that have moved their manufacturing back to the United States after discovering that the cost differential of doing contract manufacturing offshore is no longer viable. Patriotism aside, Mr. Krol cites sharply rising foreign workers’ incomes and standard of living that no longer make their country a haven for cheap third-world labor. Trans-oceanic shipping costs have greatly increased as well. “Those factors, combined with security issues and the high cost of maintaining supervisory personnel overseas, have caused the great awakening to re-shoring,” he stated.
Mr. Krol also sees continued growth for contract manufacturing because original equipment manufacturers (OEMs) remain fearful of a recessionary reappearance and are thus reluctant to expand their workforce or invest in capital equipment .“However, we’ve learned that automating with latest-generation equipment actually lowers costs through labor-saving efficiency. Equipment delivering optimum quality control also achieves cost savings. That’s why we’ve installed automatic optical inspection (AOI) and x-ray inspection.” Mr. Krol also bases a major share of IMET’s success on specialization. “Trying to be a multi-provider can confuse the marketplace. We let our prospects know electronics engineering and PCB assembly is what we do best and we stick with it.” In fact, the IMET name says it all. It stands for “Innovative Manufacturing for Electronics Technology.”
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About IMET Corporation
Established in 2000, IMET, in Southampton, PA, has served numerous OEMs with a full range of product development services, including design, electronics engineering, prototyping, PCB assembly and electronics contract manufacturing. Its 15,000 sq. ft. facility in suburban Philadelphia is staffed by seven engineers and support personnel who manage three automated PCB assembly lines and accompanying inspection and work stations. Industries served include medical equipment, automotive, military and aerospace, as well as consumer products ranging from electronic toys and games to multi-application interactive devices. Contact: IMET Corp., 505 Keystone Rd., Unit E, Southampton, PA 18966 267-288-5330 fax: 267-288-5493.
For more information, please visit www.imetcorporation.com.
IMET Corporation's CEO Shares His Optimism About 2014 in Year-End Forecast