Trident Paints Bags Large Orders in Europe
Jan. 5, 2019 ( PR Submission Site ) Trident Paints, one of the fastest growing divisions of Trident Group of companies, has bagged export orders worth £65 million pounds (INR 575 Crores) from various industrial clients across Europe, with bulk of the orders coming from clients in the United Kingdom.
Trident Engineering, the infrastructure and services arm has won orders worth £45 million pounds (INR 398 Crores) from various government institutions. New orders have been received in the engineering products and services division from existing clients as well as new customers.
“We are very bullish on the global economy bouncing back in 2019-2020 and our pleased with our current order book which provides revenue visibility for the next 2-3 years. The global market value of the paints and coatings industry is expected to cross 209.4 billion U.S. dollars in 2022, and we are focussed on ramping up our infrastructure to meet this demand,” says Pammy Jain, one of the co-promoters.
Trident Group of Companies is one of the leading companies in India with diversified interests in Infrastructure, Paints & Chemicals and Services industries with exports to over 55 countries around the world. Co-promoted by Pammy Jain, the company is expanding its global footprint with a new state of the art manufacturing plant in South Africa for its Paints & Chemicals division at an initial investment of £15 million pounds (INR 132 Crores). The company plans to hire over 350 people this fiscal across its various divisions to fuel its global ambitions.
The company is gearing up for its maiden listing on the London Stock Exchange towards the end of 2019 and has hired leading global investment bankers to initiate the process.
This article has been published by the London Stock Exchange. London Stock Exchange Group (LSEG) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses.