2014 Hailed as Record Year for Industrial Magnetics, Inc.
For Immediate Release: Posted On 2/24/2015 By Industrial Magnetics, Inc.
Industrial Magnetics, Inc., a designer and manufacturer of magnetic products, recently announced that 2014 set another record for the company’s sales. This marks its 5th consecutive year, and its 14th year out of the past 15, for revenue gains.
IMI’s President, Dennis O’Leary, states, "2014 is a very positive reflection on our employees’ efforts. We processed a record 13,614 orders and manufactured over 1.1M parts - producing and shipping more product from our USA 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.”
He continues, "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.”
Since 1961, Industrial Magnetics, Inc. has been an industry leader in providing innovative permanent and electromagnetic solutions to meet the exact needs of applications in the automotive, appliance, metalworking, food processing, packaging, aggregate, mining, recycling industries and more.
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