COMPANY
Business model
Delivering growth through our business model.
Our business model proposition to customers is supply chain simplification, supported by engineering and manufacturing. It plays to our current capabilities and to the needs of our customers
Our competitive strengths
How we deliver value
From customer feedback, we have identified three core strengths that define our value proposition:
ENGINEERING
Because we are a business focused on engineered fasteners, we also offer significant engineering capability and innovation to help drive value, solve application problems and support new product development.
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SUPPLY CHAIN SIMPLIFICATION
Principally, we offer our customers supply chain simplification: we help take complexity out of our customers supply chains by managing their fastening Bill Of Materials needs. Often our customers have a large number of specified engineered fasteners that are making up just one or two percent of their overall product value but represent a significant percentage of the total number of parts and we can help manage this complexity – it is our speciality and allows them to focus on their own core competence and technology.
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MANUFACTURING
With our manufacturing capacities and capabilities, we offer the confidence and know-how of threaded fastener technology and a high-quality supply chain that is capable of manufacturing critical components in-house. With CBAM legislation, having a sustainable fastener manufacturing capacity and capability in Europe will we believe, create a real competitive advantage in the market. As other markets change and evolve, we will need to adapt this pillar of our value proposition accordingly.
Read moreWe are already strong in these areas and with greater prioritisation on what we can offer our customers and with the focus on the right market sectors, we can now be more targeted in where and how we do business and develop the right value-creating long-term relationships.
Creating value for our stakeholders
For our people:
Long-term sustainable growth within the One TR culture and environment described through our values ensures we provide a safe, inclusive, enjoyable and high performing working environment where all our employees have the opportunity to achieve personal growth and fulfilment.
For our shareholders:
Delivery of our value proposition and strategy enables Trifast to achieve long term and sustainable shareholder value creation.
For our customers:
Recognising and focusing on our core competitive strengths and value proposition allows us to engage in long-term, more focused customer relationships creating mutual and sustainable value through which we deliver on our purpose of sustainably driving our customers' success.
For our suppliers:
For our trusted network of supplier partners, we enable equally long-term value creation, supporting them with growth opportunities and aligned development of a high integrity and responsible supply chain.
For our communities:
We are committed to supporting our local communities wherever we operate through our employees and through ensuring that our operations respect and contribute responsibly within them.
For our regulators, governments and NGO’s:
We ensure that our business is compliant and operates responsibly and with the highest ethical standards, respecting and complying with all appropriate laws and regulations.
