Techtronic Industries Co Ltd - Company Profile
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Business Description
Techtronic Industries Co Ltd (TTI) designs, manufactures and markets power tools, outdoor power equipment and floor care appliances for consumers, professional and industrial users in the home improvement, repair and construction industries.
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R&D Overview
The company’s R&D focuses on innovative new products and improves the existing products. It also strives to develop technological products and delivers high-speed newly developed products through its brand, technology, and leading-edge cordless solutions. The company also diversifies its manufacturing footprint through collaborations, acquisitions and investments in manufacturing facilities. In FY2022, the company’s R&D stood at US$484.3 million, which grew 13.7% YoY, which was 3.6% of its revenue.
Business Segments
Overview
Manufactures uprights, canisters, bagged, bag less, wet/dry, hand vacs, stick vacs, broom vacs and carpet cleaners. Markets it products under Hoover, Dirt Devil, Oreck and Vax brands.
Performance
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Overview
Manufactures and markets power tools and accessories, outdoor products and accessories, and storage and hand tools. - Major products include band saws, table saws, biscuit joiners, buffer/polishers, circular saws, combos, cut-off machines, drill presses, drill drivers, grinders, jig saws, laser levels, measuring devices, Miter saws, nailers, planers, reciprocating saws, rotary hammers, demolition hammers, sanders, scroll saws and specialty tools. It also manufactures accessories such as twist drill bits, hammer drill bits, spade bits, self-feed bits, wood-boring bits, screw and nut driving bits, reciprocating blades, circular saw blades, cutting and grinding discs, router bits and router table. - Major outdoor products include line trimmers, brush cutters, hedge trimmers, pruners, edgers, cultivators, chainsaws, blowers, blower vacs, shredders, log splitters, pressures washers and inflators. Markets its products under various brand names such as Milwaukee, Homelite, AEG, Hart, Ryobi, Empire, Stiletto and Imperial Blades.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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