- Trifast, which produces industrial fastenings to major global assembly industries, said it is confident that it will deliver its expectations for the year ending 31 March 2018.

The company said its balance sheet remains strong and its US operation continues to recover following the impact of Hurricane Harvey.

"The consistent levels of progress over recent years, coupled with our future growth and significant investment plans future proof the business and ensure TR can meet the demands of its multinational OEM customers therein turn, building long term shareholder value," it said.

Trifast's expansion of its Singapore facilities is on track, with phase one expected to complete by the financial year end.

The company is evaluating several acquisition opportunities, which it said would further enhance its vendor sourcing, technical portfolio and engineering skills, expand its global footprint, or add value to its sector specialisms.

It added: "There are, of course, some macroeconomic factors we cannot fully mitigate including the wider potential implications of Brexit on our business and the UK economy. However, as we have said previously, the Trifast Group has the flexibility and foresight to continue to grow while facing any challenges head on as and when they arise."

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