TriMas Releases Inaugural Sustainability Report
December 23 2020 - 8:00AM
Business Wire
TriMas (NASDAQ: TRS) today announced the release of its
inaugural Sustainability Report. The TriMas 2020 Sustainability
Report outlines the Company’s commitment toward responsible
environmental, social and governance (ESG) practices, and
highlights its comprehensive sustainability initiatives that have
been implemented across its global operations.
“I am proud to introduce our inaugural Sustainability Report and
excited to share with you our initiatives and performance,” said
Thomas Amato, President and Chief Executive Officer of TriMas.
“Although this is our first report, our commitment to sustainable
environmental, social and governance practices has been
long-standing at TriMas, as it exemplifies our core values of
integrity and respect for the environment, the health, safety and
well-being of our employees, and the communities in which we
operate. We have been focused on operating in a socially
responsible, safe and sustainable manner, and are pleased to be
enhancing our transparency on these important initiatives.”
“With this report, we aim to provide our stakeholders a better
understanding of our focus on and plans for continued improvement
of our ESG programs. We believe our commitment to ESG matters is
integral to achieving lasting success, and we will continue to
improve and further integrate sustainability elements into our
long-term business strategy, providing additional value for our
shareholders, customers, employees and the communities where we
operate. TriMas team members play an important part in achieving
our sustainability efforts, and we thank them for their continued
dedication to making us a better company," Amato concluded.
As outlined in the report, TriMas is committed to continuously
enhancing its sustainability strategy focused on corporate
governance and ethics, people, the environment and our products.
The Company has also committed to share best practices and employ
continuous improvement initiatives across the business for the
greatest impact.
To minimize paper waste, the TriMas 2020 Sustainability Report
may be found digitally on the TriMas website under Sustainability,
or by typing the following link
www.trimascorp.com/images/Sustainability-Report.pdf.
About TriMas
TriMas is a global
manufacturer and provider of products for customers primarily in
the consumer products, aerospace and industrial markets, with
approximately 3,500 dedicated employees in 11 countries. We provide
customers with a wide range of innovative and quality product
solutions through our market-leading businesses. Our TriMas family
of businesses has strong brand names in the end markets served, and
operates under a common set of values and strategic priorities
under the TriMas Business Model. TriMas is publicly traded on the
NASDAQ under the ticker symbol “TRS,” and is headquartered in
Bloomfield Hills, Michigan. For more information, please visit
www.trimascorp.com.
Notice Regarding Forward-Looking
Statements
Any "forward-looking"
statements, within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934,
contained herein, including those relating to TriMas’ business,
financial condition or future results, involve risks and
uncertainties with respect to, including, but not limited to: the
severity and duration of the ongoing coronavirus (“COVID-19”)
pandemic on our operations, customers and suppliers, as well as
related actions taken by governmental authorities and other third
parties in response, each of which is uncertain, rapidly changing
and difficult to predict; general economic and currency conditions;
material and energy costs; risks and uncertainties associated with
intangible assets, including goodwill or other intangible asset
impairment charges; competitive factors; future trends; the
Company’s ability to realize its business strategies; the Company’s
ability to identify attractive acquisition candidates, successfully
integrate acquired operations or realize the intended benefits of
such acquisitions; information technology and other cyber-related
risks; the performance of subcontractors and suppliers; supply
constraints; market demand; intellectual property factors;
litigation; government and regulatory actions, including, but not
limited to, the impact of tariffs, quotas and surcharges; the
Company’s leverage; liabilities imposed by debt instruments; labor
disputes; changes to fiscal and tax policies; contingent
liabilities relating to acquisition activities; the disruption of
operations from catastrophic or extraordinary events, including
natural disasters and public health crises; the potential impact of
Brexit; tax considerations relating to the Cequent spin-off; the
Company’s future prospects; and other risks that are detailed in
the Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2019 and in the Third Quarter 2020 report on Form
10-Q. These risks and uncertainties may cause actual results to
differ materially from those indicated by the forward-looking
statements. All forward-looking statements made herein are based on
information currently available, and the Company assumes no
obligation to update any forward-looking statements, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201223005135/en/
Sherry Lauderback VP, Investor Relations & Communications
(248) 631-5506 sherrylauderback@trimascorp.com
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