Axenics moving on up in 2021
The phrase “great news” has been scarce this year, but we feel strongly that we’ll be using it more in 2021.
One, we’re seeing signs of robust growth within the semiconductor industry that should continue for at least the next calendar year. Two, Axenics is moving to a new facility in 2021, and that relocation will bring our entire team together under one roof. We’re thrilled about that!
Axenics is a technology company
Yes, we’re a contract manufacturer, but in order to provide our customers in the semiconductor world with components that help refine and produce their microchips, our in-house expertise must stay on pace technology-wise. Our areas of expertise are in welding and bending, but our services and techniques mature with the advancement of technology – and by further educating our in-house experts. This learning benefits our customers, too.
The semiconductor industry outlook for 2021 looks fantastic with a projected 12% global growth, according to Future Horizons. We’re seeing that growth already with POs for next year. We predict the demand for contactless technology utilizing semiconductors will continue to grow throughout the decade.
Benefits of operating under one roof
In May 2021, we’ll move to a 25,000-square-foot production facility in Tyngsboro, MA. We’re designing the space to align with our lean manufacturing approach. The ample production floor will be a huge benefit to us and our customers, offering room to expand into bigger projects.
We’re excited that our metals and plastics teams will finally be together under one roof. Our lean approach with cross-training continues, which means when we need some extra hands on the plastics side, we can borrow team members from metals and vice versa.
Having everyone together to collaborate and learn from each other will be a boon for us all.
Another plus for 2021 is continued growth for alternative energy projects. We’re doing more work on hydrogen fuel cell components these days, and we see that work growing in the coming months.
Here’s to future prosperity across the board as we leave this year behind.