NEWS Competence fromLederer -
now in Shanghai as well In 2011, Lederer Shanghai Fastener Trading Co., Ltd, a subsidiary of Lederer GmbH, opened its gates for the first time in Shanghai, China.
Chinese companies among its top customers and aims to open Chinese and Asian markets further for its sales and procurement activities. Lederer Shanghai Fastener Trading Co., Ltd
C
is registered in China and its managing director is Dr. Volker Lederer. Local activities are handled by Chinese branch manager Zhao Heng and by Peter Henke, who, as Lederer GmbH’s global sales director, is also responsible for the Asian market. Even in stormy economic times Lederer anticipates impressive sales; after all, it says, the quality, service and reliability of German companies are always in demand among international buyers. Lederer Shanghai will look after local
Chinese customers as well as regional branches of European companies. Lederer is also basing its Asian plans on
the successful strategy of close long-term cooperation with customers and on more than 40 years’ experience in the industry. Another objective is to establish a network of suppliers with a broad spectrum of products. The path from suppliers to customers should be short – and in China, Lederer guarantees
Trifast makes Malaysian acquisition
Stainless Steel A2 & A4
Hexagon Head Nuts
Washers
Trifast plc confirmed it had completed the acquisition of Power Steel and Electro-Plating Works Sdn. Bhd (PSEP) in Malaysia.
T
BRIGHTON-BEST INTERNATIONAL
+ 4 4 ( 0 ) 1 3 8 4 - 5 6 8 1 4 4 www. b r i g h t o n BEST. o r g
rifast describes PSEP as one of the most advanced fastener manufacturers in the Asia region, with a strong balance sheet and a customer base complementary to that of TR. PSEP manufactures higher value and technically sophisticated cold forged components used in the automotive, motorcycle and compressor industries in the Asian region.
PSEP was incorporated in 1972 by principal shareholder and CEO, Mr Foo Poh Wah, and started standard manufacturing in 1973 producing parts for local consumption. In 1982, it diversified into technically advanced fasteners to supply the then emerging automotive industries in Malaysia. The £15 million acquisition has been funded by a mix of bank resource and a London Stock
Exchange equity placing which raised approximately £8 million before expenses. Over the last three years, Trifast has successfully restructured its operations across European,
Asian and US businesses. An essential part of the TR management growth strategy is to identify and selectively acquire “self managing bolt-on” businesses that either extend its product range or offer niche opportunities as well as being earnings enhancing for the Group. Commenting on the acquisition Trifast CEO, Jim Barker said: “PSEP’s ability to produce larger
component size capacity coupled with TR Asia’s existing small diameter capabilities substantially broadens the Group’s reach whilst it enhances one of our strategic objectives of becoming a single source supplier to major user assemblers.” He continues: “We have already been benefiting from our long established business relationship
and now, together, we have strengthened our service offering and from here, we can capitalise on the opportunities for the combined business within the Asian territories as well as internationally.” Malcolm Diamond MBE, executive chairman at Trifast added: “Whilst TR has seen growth
within Europe, Asia we believe offers the largest growth opportunities overall. PSEP represents an excellent strategic fit for the Group and will form a key part of TR’s future expansion plans in the region. By adding TR’s global sales and marketing resources to the excellent PSEP model we will see further utilisation of their capacity and an increase in our Asia capabilities.”
14 Fastener + Fixing Magazine • Issue 73 January 2012
hina is by no means virgin territory for the Ennepetal-based company. The expert in stainless steel screws and C-parts management already has
German quality standards as well. In addition to standardised supplier audits, Lederer has since spring 2011 put its experience into its own testing laboratory in China, accredited to ISO 17025:2000. In this way, goods from the Asian/Chinese world can be checked against the company’s stringent quality standards without loss of time before being shipped to Europe or sold within Asia/China itself.
www.lederer-online.com
Arrived
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