Jotron Emerges Strong from Restructuring
Jotron AS has had a good start to 2013 with regards to sales of its land, sea and air communication products and systems. There has been an almost 50% rise in demand for Jotron products compared to the first half of 2012.
After having undergone a year marked by a global downward trend in the maritime markets along with a restructuring of the Jotron group, the company now has an optimistic view of the future.
Jotron AS managing director Magnus Vold said: "The global maritime markets are still slow compared to the peak years 2007 and 2008, but after last year’s restructuring, Jotron has strengthened its competitiveness.
"Jotron is known as a high quality supplier, but we also need to have competitive prices. The measures Jotron introduced in 2012 were directed at handling this in a better way and the demand so far this year indicates that we are on the right track."
During 2012, Jotron went through a series of demanding changes concerning the merger of the Jotron group’s three Norwegian companies. A restructuring and relocation took place, to a new building at Skoppum that houses most of the production and projects for the company’s maritime and energy division.
The company’s top management and the air traffic control (ATC) and coastal communications division is still located in Larvik. This division grew by almost 20% in the civil aviation sector in 2012. Last year’s acquisition of the ATC recording supplier Ricochet strengthens this picture even further for the future.
Jotron has signed a number of important contracts already this year. The foundations for dealing with growth have now been laid and the company aims to employ more people in Norway. If everything goes according to plan, Jotron will also extend its production in Lithuania to account for future growth and ensure success.
"This year’s growth is to a great extent due to the activities in the ATC and energy sectors, but the maritime business is also growing compared to 2012," continues Vold. "These three segments will in the future be equal contributors to a strong Jotron."