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Record Year for Industrial Magnetics

Article-Record Year for Industrial Magnetics

Industrial Magnetics Inc. (IMI), Boyne City, MI, a designer and manufacturer of magnetic products, set another record for the company's sales in 2014. This marks its fifth consecutive year, and its 14th year out of the past 15, for revenue gains.

“Two thousand fourteen is a very positive reflection on our employees' efforts,” said IMI president, Dennis O'Leary. “We processed a record 13,614 orders and manufactured over 1.1 million parts - producing and shipping more product from our U.S. facility than ever before. We have been bold on re-shoring as much assembly and manufacturing work as possible from the Pacific Rim, and we were able to accomplish this in tandem with increasing our efficiency, throughput. and profitability - three internal target areas for success which allow us to continue investing in our future growth.

"When IMI was established in 1961, it was founded with a pretty simple goal in mind: know the customer and the application, manufacture the best solution, and deliver it as promised. A lot has changed, but we still believe our success is rooted in striving for this goal. Our staff, channel partners, and customers are all responsible for the results we’ve been fortunate to attain.”

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