aA
Axioma Metering, the Lithuanian manufacturer of smart meters expanded last year and continues its boost in 2021 by increasing the variety of meters, production volumes, sales and the number of employees, the company informs in a press release. Investment of €5 million in the additional production line launched in the sum of 2021 in the plant at Kaunas FEZ will allow offering more production for sale. The company also starts to produce two new innovative models of meters.
Axioma Metering
Axioma Metering
© Bendrovės nuotr.

"Although the pandemic in 2020 severely disrupted the market dynamics, we succeeded to regroup and double the company's turnover. With targeted investments, we expect to accelerate growth even more this year. Another robotic production line will increase the production of meters by almost 100 percent," says Ignas Vosylius, manager of Axioma Metering.

"We are planning the subsequent development not only in the European and Middle Eastern markets, where we are most active today. We will dedicate even more effort to enhancing our position in the United States. We are actively preparing for the opening of the perspective Chinese and Indian markets," says I. Vosylius.

The company is planning not only for the geographical expansion but also for more diversity in the Axioma Metering product offer. The company has certified and will soon launch the production of two new ultrasonic meters.

Axioma Metering skaitiklis
Axioma Metering skaitiklis
© Bendrovės nuotr.

The first novelty is the large, Ø 40 mm meters that continue the Qalcosonic W1 line of ultrasonic water meters. The company starts to offer them to commercial customers in the nearest future.

The household version of the Qalcosonic W1 water meter equipped with a larger capacity battery, will appear on the market this summer. "The larger capacity battery will be in line with the needs of our customers," says I. Vosylius.

The second innovation is the Qalcosonic E4 smart heat meters with a composite flow component with low cost and high accuracy.

Axioma Metering skaitiklis
Axioma Metering skaitiklis
© Bendrovės nuotr.

"We anticipate that the innovation will instantly boost the competitiveness of products in this segment due to the extremely attractive price-value ratio. Smart heat metering is becoming even more affordable, – good news for all heat suppliers and consumers," says I. Vosylius.

He says that the nearest plans of the target growth of the company is further enhancement of the team with new employees, both in the areas of production and strategic management. This year, the company plans to create over 70 new jobs.

Axioma Metering is a provider of smart metering solutions and distributor of products in more than 60 countries around the world. Modern meters are manufactured in the factory opened in 2019, with an investment of €15 million.

Axioma Metering is part of the ICOR group of companies.

DELFI EN
It is forbidden to copy the text of this publication without a written permission from DELFI.

Prototype electric passenger bus is being tested at Vilnius Airport

The prototype electric bus Dancer developed and manufactured in Lithuania is being tested for...

Digitalisation in finance: will we truly be replaced by robots?

In the context of the Covid-19 pandemic we hear increasingly more about digitalisation and how it...

Klaipeda worried about job cuts and drop in cargo traffic due to halt in Belaruskali transit

Klaipeda city and port officials prepare for possible job losses and a sharp decline in cargo traffic...

The Banker names Skaiste as finance minister of year

The Banker, an influential magazine that is part of the Financial Times group, has named Lithuanian...

Cabinet blocks EUR 63 mln rail contract with Chinese-owned Spanish firm

he government has barred Lithuania's state-owned railway group from signing a deal with a...

Top news

Defence Minister calls on NATO allies to expand military assistance for Lithuania

Lithuanian National Defense Minister Arvydas Anusauskas has invited NATO allies to expand assistance...

Vilnius conference participants: we must avoid war scenario

As Russia continues to escalate tensions, the Western world must do everything to avoid a war...

6 234 new COVID-19 cases

On Tuesday, 6 234 new COVID-19 cases were recorded in Lithuania. Since the beginning of the pandemic,...

Russian troops in Belarus pose even bigger direct threat to Lithuania – defmin

The arrival of Russian troops in Belarus poses even bigger direct threat to Lithuania, Lithuanian...

Parliament allows letters x, w and q in ID documents

The parliament on Tuesday allowed the original spelling of non-Lithuanian names in Latin-based...