Europe and Asia bolster Trifast as UK softens
FASTENER manufacturer Trifast has said its business remains strong despite a softening of markets in the UK.
In a trading update for the period since October 1, 2015, it said its markets in both mainland Europe and Asia remained positive.
It also said its twin acquisitions – Kuhlmann, in Germany (acquired in Q3) and VIC in Italy (acquired in May 2014) – were both trading well.
“Both these highly experienced teams have excellent technical knowledge which is assisting us in driving our core growth strategy of increasing revenues from our multi-national OEM base on a global basis,” it said.
“A combined investment programme in excess of £1m is underway in both VIC and Kuhlmann in order to further develop the many opportunities we have in their respective domestic and export markets.”
The group said sales enquiries remained brisk through its online portal and this underpinned operational teams’ confidence in the continuing growth of the business.
The order pipeline remains encouraging, particularly as its offering on an international scale is an attractive proposition to many OEMs.
“Currently we are in negotiations with a number of multi- national OEM customers to extend the plants we service and to widen the product ranges we currently supply; therefore, our foundation long term strategy for business expansion stays firmly on track,” it added.
