Itron Expands Production of Aquadis+ Volumetric Water Meters to Indonesia
- Expansion of Aquadis+ water meter production to Southeast Asia will better serve Itron customers and meet growing demand in Asia Pacific countries
- Aquadis+ meter is designed for long-term performance, high accuracy, and protects utilities' revenue
- Local production in Southeast Asia will improve delivery time, minimize environmental impact, and increase pricing adaptability for Itron's customers
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Insights
The expansion of Itron's Aquadis+ volumetric water meter production to Southeast Asia is a strategic move that aligns with the growing demand for efficient water management solutions in the Asia Pacific region. By localizing production, Itron is poised to enhance its competitive edge by offering faster delivery times and reduced freight costs, which could lead to improved margins and potentially increased market share in these emerging markets.
The decision to manufacture closer to the point of demand also reflects a commitment to sustainability, as it reduces the environmental impact of transportation. This could resonate with increasingly environmentally conscious consumers and governments, potentially leading to favorable regulatory treatment or customer preference.
Furthermore, leveraging the ASEAN Free Trade Area could provide tariff advantages, improving cost competitiveness against rivals. The impact on the stock market could be positive if investors anticipate that these operational efficiencies and strategic advantages translate into stronger financial performance.
Itron's initiative to produce the Aquadis+ water meters in Indonesia showcases the company's integration of environmental considerations into its business strategy. By reducing the distance between manufacturing and delivery points, Itron not only decreases its carbon footprint but also aligns with global trends towards more sustainable practices.
The environmental benefits of this move may enhance the company's reputation and brand value among stakeholders, including investors who increasingly factor in environmental, social and governance (ESG) criteria into their investment decisions. This could potentially attract ESG-focused funds and investors, providing a broader investor base and possibly contributing to stock price resilience.
By expanding production capabilities within the Asia Pacific region, Itron is effectively shortening its supply chain for the Aquadis+ water meter. This strategic decision is likely to result in a more responsive and flexible supply chain, enabling quicker adaptation to local market requirements and demand fluctuations.
The ability to increase production capacity up to 3.5 million units annually suggests that Itron is preparing for significant growth in demand. A robust supply chain could lead to improved customer satisfaction due to faster turnaround times, which is crucial in building long-term customer relationships and could translate into increased revenue.
Streamlines Delivery Processes, Reduces Environmental Impact and Better Serves East Asian Markets
The Aquadis+ volumetric water meter has proven to be a long-term performance meter that is highly efficient and maximizes accuracy in measuring water volumes. Aquadis+ is smart metering ready, which allows utilities to seamlessly mount Cyble communication modules at their convenience. The meter is designed to maintain accuracy, and allows for easy cleaning, ensuring reliability in its operations. Among its many benefits, the Aquadis+ protects utilities revenue due to its high accuracy, even at low flow rates, over its lifespan.
Itron is enhancing customer service and sustainability with the Aquadis+ by beginning to manufacture the meter in Itron’s
“Manufacturing the Aquadis+ water meter in
“With more than 20 million units of Aquadis+ volumetric water meters installed globally, local production significantly reduces the shipping journey, improving time to delivery for our customers and minimizing the environmental impact associated with transportation,” said Justin Patrick, senior vice president of Device Solutions at Itron. “This volumetric water meter ensures accuracy, reliability and adaptability to various installation scenarios. The meter also enables digitization at the time of installation or as customers transition to smart metering. We are thrilled to expand our Aquadis+ water meter manufacturing locations to include Asia.”
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Additional Resources
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240122823296/en/
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
PR@Itron.com
David Means
Director, Investor Relations
737-242-8448
Investors@itron.com
Source: Itron, Inc.
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