TR is in a good position to continue to grow. We are a global business serving a broad and balanced range of sectors and geographies and generating c.70% of revenues and profits outside of the UK.
Trifast plc (TR) is an international specialist in the design, engineering, manufacture and distribution of high quality industrial and Category ‘C’ fastenings principally to major global assembly industries
TR employs c.1,300 dedicated and skilled management and staff across 32 business locations within the UK, Europe, Asia and the USA including eight high-volume, high-quality and cost-effective manufacturing sites across the world. TR supplies components to over 5,000 customers across c.75 countries in a wide range of industries
As a full-service provider to multinational OEMs and automotive Tier 1 companies spanning several sectors, TR delivers comprehensive support to its customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics
TR is commercially recognised as a market leader and global brand
We believe this report will give shareholders an insight into the culture and workings of the Trifast Group
To continue to grow profitability and improve stakeholder returns through organic and acquisitive growth, and by driving continual efficiencies throughout the organisation
To be acknowledged commercially as the market leader in industrial fastenings in terms of service, quality, engineering support and brand reputation
To promote an environment that is safe and fair, which motivates, develops and maximises the contribution and potential of all TR employees
Around a third of our income derives from TR’s own manufacturing. The key end markets in which products can be found are automotive, electronics and domestic appliances. Our customers are a mix of multinational and national companies and distributors across the world.
The Trifast core values are at the forefront of our activities and our relationships with our colleagues. Employees across all of our locations are aware of TR values and these form part of our performance management system across the Group.
Respectful of each others' abilities
Integrity / open & honest
Adding value and embedding quality in everything we do
Striving to achieve excellence / continual improvement
Team player acting for the good of the Group, recognising the bigger picture
People focused / handling with empathy
Leadership giving the empowerment to employees to take responsibility for their own actions
Commercially minded / entrepreneurial & innovative
Our core skills continue to allow us to increase market share across a wide customer base and put us in a good position to keep moving forward”
Malcolm Diamond MBE