Consolidating for strength-PS Group
PS Group Holdings Ltd. (the “Company” or “PS Group”) is a reputable and trusted supplier of quality fasteners with an established track record of more than 20 years.
The Group offers an extensive product range of more than 15,000 different types of fasteners which come in different sizes catering to diverse industrial applications. These include fasteners for infrastructure developments, structural fabrication and construction in civil works, transportation and manufacturing of heavy machinery, automotive and parts.
Backed by a robust online platform and a comprehensive inventory base, the Group is well-poised to cater to the changing needs of customers and today served a wide clientele base from various emerging markets.
The Group achieved a significant milestone on 11 July 2013 when it successfully listed on the Catalist Board of the Singapore Stock Exchange. The listing has allowed the Group to gain greater corporate visibility and financial flexibility to support its growth.
In February 2015, the Group expanded its service to the end-user market through the incorporation of new 90%-owned subsidiary, PS Components Pte. Ltd, which focuses on the trading and wholesale of fasteners to end-users. We envisage that this subsidiary will further strengthen our position as a Mix-And-Match Expert” for the supply of quality fasteners.
In an effort to streamline and improve operational efficiencies, the Group has commenced consolidating its warehousing operations under a new premise at 9 Tampines Industrial Drive, Singapore 528543 at the beginning of 2017. The dedicated warehouse is equipped with direct loading bays to facilitate logistic operations and comes with high floor-to-ceiling height which enhances space efficiencies.
Despite the headwinds of challenging external economic conditions and market uncertainties, including currency and political volatility in the Group’s key markets, as well as increasing operation cost pressures in the last few years, the Group remains committed to delivering quality products that its customers have grown to trust over the years. The Group believes that it will be able to weather through this difficult period as it continues to deliver quality products, maintain customer relationships and increase operational efficiencies.
Moving forward, the Group will continue to support and grow with its customers as they pursue new projects in various markets. The Group will also strive to create long term value for all our stakeholders.
