The Dubai-based minerals group Trimex, one of the largest mineral and metal conglomerates operating in the Middle East, is continuing its quest to evolve beyond its trading roots by following a strategy of backward integration and entering into more raw material production.
Speaking from the group’s head office, Neville D’Souza, senior vice president, told IM: “We like to move up the value chain whenever we can. We will only start trading minerals in markets where we can move the value chain forwards. Before we enter a market, we always ask ourselves, what else can we do here longer term?”
Founded in 1985 by Prasad Koneru, the Trimex Group started as a supplier of Indian barytes to the Middle Eastern oil industry.
The still family-owned organisation has since grown into a leading minerals and metals conglomerate...