2020 was a challenging year for a lot of companies within the fastener sector, with unpredictable fluctuations within supply and demand. However, through its Covid-19 strategy, the Bufab Group was not only able to handle these challenges, but succeed in achieving its best ever net profit for a single quarter in Q3 2020.
Jörgen Rosengren, President and CEO at Bufab Group, explains: "2020 was undoubtedly a turbulent year, as I am sure everybody experienced. It was very humbling and disturbing to see what happened with the Covid-19 pandemic as it spread around the Globe. While this made it a very challenging year, we were still able to do well as a business thanks to the strategy we introduced to handle the Covid-19 situation."
Bufab's Covid-19 strategy involved three different stages - Protect, Restart and Invest.
"Right at the start of this year, we saw the pandemic hit our operations in Asia. While that was a challenge, it was also a blessing – as it enabled us to react quickly to the pandemic and introduce the necessary measures in order to protect our employees' health, not only in Asia but also across western Europe and North America," explains Jörgen.
Continue reading on our publication in the first 2021 release of the Fastener and Fixing Magazine. Check out the excerpt below:
In the new year, Kian Soon continues to serve our customers in a timely and orderly fashion, as we had, during the lockdown restrictions. Despite the loosening on restrictions, apart from Logistics & QC, most functions remain on WFH arrangements.
The company’s key focus is and will always be on safety, both for our staff and our partners. To view our guidelines and best practises for operations, please click here.
Check out our article on selecting the right screws for your applications! Click here to view!
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About Kian Soon Mechanical Components
Kian Soon Mechanical Components was founded in 1977 and is one of the leading distributors of C parts in South-East Asia. Aside from their head office in Singapore, the company also has subsidiaries in Malaysia, Indonesia and Thailand. The company was acquired by Bufab in 2017.
About Bufab
Bufab AB (publ), is a trading company that offers its customers a full-service solution as Supply Chain Partner for sourcing, quality control and logistics for C-Parts. The company has operations in over 25 countries.