Axiom set for double digit growth in 2024
UK-based electronics manufacturer, Axiom Manufacturing Services, has revealed it is set for double digit growth in 2024, as a year of strategic investment and client acquisitions delivers a record order book.
The announcement follows a period of investment and customer wins for the South Wales-based contract electronics manufacturer (CEM), which specialises in bespoke design, manufacturing, and test solutions for customers operating in the aerospace, defence and security, medical, and industrial sectors.
2023 saw Axiom maintain a turnover of around GBP 55 million for a third successive year, despite the pressures of hardening costs, domestic and international political uncertainties, and ongoing global supply chain disruptions that continue to affect the manufacturing sector.
Building on a five-year trend of strong performance, in the past year Axiom has made over GBP 1.8 million of investments in the latest SMT and green infrastructure, to enhance its high mix PCBA and box build manufacturing capacity and capabilities – while also reducing its carbon footprint.
Further investments to reform customer-facing teams are allowing Axiom to enhance turnaround times, bidding, and New Product Introductions (NPI). In addition to strengthening services for longstanding customers, these upgraded capabilities have allowed Axiom to expand into new high reliability, low volume industrial technology markets, including visual experience company, Disguise.
"Axiom's achievements during this period are testament to the unified efforts of our entire team. Their dedication is enabling us to build on five years of success to secure our projected record-breaking double-digit growth in 2024," says Chris Nye, managing director, Axiom Manufacturing Services, in a press release. "The investments in our team and state-of-the-art facility will continue to guarantee that Axiom remains at the forefront of driving new innovations and unsurpassed levels of quality. This is the advantage loyal and new customers expect form Axiom, as we help them overcome challenges to build better."
