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Record-breaking year for electronics firm.

CONTRACT electronics manufacturer Axiom has announced record breaking turnover figures.

The Newbridge-based firm generated sales of PS40.6m for the year ending 31 December 2015, an increase of almost PS6m on the previous year.

The results signify growth for the company across the medical, industrial, security, defence and aerospace sectors it serves.

The growth announcement follows the visit to Axiom from Carolyn Fairbairn, director-general of the Confederation of British Industry (CBI), to its 300,000 sq ft facility.

Axiom was the only manufacturer to be included in the directorgeneral's recent whistle-stop visit to Wales.

David Davies, managing director at Axiom, on the sixth year of sustained growth, said: "While we are proud to have broken the PS40m milestone, we believe that our success is best represented by the fact that we continually exceed the expectations our customers place on the service we provide.

"Axiom's strategy will always remain focused on adding value for our customers, this is backed up by our unwavering commitment to ensuring that any financial gains will be strategically invested into leadingedge technology and staff development. "We believe that ensuring sustained future success is dependent on identifying future issues and acting immediately, which is why Axiom is committed to recruiting, retaining and developing talented individuals with the drive to develop.

"Investing in our apprenticeship and graduate programmes today, are our safeguards for tomorrow."

Ms Fairbairn said: "Manufacturing is a vital element of the UK economy, and during my visit to Axiom I saw for myself the great work being done at its state-of-the-art facilities in Newport.

"I'm pleased to see Axiom is going from strength to strength."

CAPTION(S):

<BAxiom's David Davies

CBI director-general Carolyn Fairbairn visited Axiom recently

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Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Date:Jun 1, 2016
Words:282
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