TT electronics' Integrated Manufacturing Services (IMS) division, with operations in the UK, U.S., China and Malaysia, posted revenues of £75.1 million, down from £103.4 million in 2008. The division specializes in providing high quality electronic manufacturing support for customers in the defense and aerospace, telecom and premium industrial sectors.

The division has a broad capability from board assembly to full systems integration, design for manufacturing and logistics support, focused on higher-mix/lower-volume business. It has a substantial design engineering team and supports an international purchasing office in China.

The division experienced a significant reduction in demand in early 2009 as the global downturn impacted manufacturing volumes worldwide. The lower levels of demand persisted throughout the year with many customers reducing commitments and re-scheduling deliveries.

Also, the move towards greater use of outsourcing by medical and industrial manufacturers seeking to reduce fixed costs continued during the year, albeit at reduced levels.

For the IMS division, underlying revenue was down by 35.9% after adjusting for foreign exchange movements. The significant reduction in volumes resulted in a decline in operating profit to £2.4 million and there was a headcount reduction of 179 during the year.

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About TT electronics - Integrated Manufacturing Services

Named The "2009 EMS Manufacturer of the Year," TT electronics-integrated manufacturing services is an award-winning provider of comprehensive electronics design, manufacturing and product management services to global electronic and technology companies. With more than 1,500 employees and five global manufacturing sites strategically located across the United Kingdom, North America and Asia, TT electronics-integrated manufacturing services provides comprehensive, customized solutions to companies in the medical, telecommunications, aerospace/defence, industrial/commercial and print sectors.

TT electronics-integrated manufacturing services is an internationally accredited company achieving numerous key quality standards including, BS EN ISO 9000: 2000 Quality Systems Management, BS EN ISO 14001 Environmental Management Systems, BSI kite mark - IPC-A-610D (class 3). Further information is available at www.ttelectronics-ims.com.

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