Axjo America has demonstrated strong results throughout the first half of 2025. We achieved record sales during the first quarter, although sales momentum slowed in the second quarter. However, we expect a recovery in the second half of the year, supported by new products and new customer acquisitions.
Some of the most significant milestones include achieving substantial savings through improvements in the new recycling line and increased NGR output, which significantly reduced material costs. We also welcomed Jason Porter as Vice President of Sales to strengthen our commercial leadership.
Another milestone was launching the Texas operation with a recently signed building lease, which will support future growth since the Conover facility is reaching its capacity without further expansion.
Additionally, we have developed large reels designed for the US copper and fiber markets, and implemented a more focused product development strategy with clearer project prioritization.
We have faced several challenges during this period. The need for faster speed-to-market has been a persistent hurdle, requiring ongoing efforts to streamline production processes and increase overall efficiency. Limited sales capacity has also posed a challenge, prompting us to strengthen the sales team and develop improved outreach strategies to better capture market opportunities.
Additionally, labor shortages have created difficulties across multiple operations, which we have addressed through innovative recruitment efforts and enhanced workforce management to ensure continued productivity and performance.
Our team has remained exceptionally cohesive and united since its formation, supported by key additions over the past years. I feel truly fortunate to collaborate with such a talented and dedicated group of individuals whose commitment has been instrumental in driving our success and shaping the future of our business.
In the second half of the year, our focus will center on several pivotal initiatives essential for driving the company’s growth and long-term success. We will expand sales efforts by strategically increasing market outreach and further strengthening the team to capture new opportunities and drive growth.
We will also concentrate on establishing our Texas operations, ensuring a smooth transition and laying the foundation for long-term success in that region while minimizing any disruption to Conover’s performance. Finally, the launch of large reels for the US copper and fiber markets will address specific market demands and help solidify our position as an innovative leader in the industry.
I would like to extend my sincere gratitude to our valued stakeholders for placing confidence in Axjo America’s ability to effectively manage and lead our US operations. Your support of our strategic investments has been critical to enabling both cost reductions and substantial growth opportunities.
We will continue to pursue improvements to maintain our competitiveness and operational efficiency. I am also enthusiastic about the progress underway in Texas and the upcoming launch of our large reels, which highlight our capacity for innovation and our commitment to meeting market needs responsibly and sustainably.
Tim Schultz, CEO Axjo America