Techtronic Industries
| Techtronic Industries Co. Ltd.
|
|
|---|---|
 |
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| legal form | Limited |
| ISIN | HK0669013440 |
| founding | 1985 |
| Seat |
 Hong Kong
|
| management | Horst Julius Pudwill (Chairman), Joseph Galli junior (CEO) |
| Number of employees | over 22,000 |
| sales | 6.1 billion US dollars |
| Branch | Electrical appliances |
| Website | ttigroup.com |
| As of December 31, 2017 | |
Techtronic Industries Co. Ltd. ( TTI ) is a Chinese group of companies that primarily develops, designs, produces and markets power tools for the do-it-yourself and professional construction sector, as well as electrical household appliances . TTI is headquartered in Hong Kong . TTI is, behind Black & Decker and Bosch , the third largest manufacturer in the industry worldwide. The TTI share has been listed on the Hong Kong Stock Exchange (HKEx) since December 1990 and is tradable in the USA via the ADR Level 1 program .
Initially, TTI was only a contract manufacturer of rechargeable batteries and battery-operated devices for the low-cost brands of large US retail chains (e.g. for Sears, Roebuck & Co. ). TTI later acquired the rights to several well-known brands, but subsequently relocated their production largely to the Chinese hinterland ( Pearl River Delta ) for cost reasons .
management
The company was founded in May 1985 by Horst Julius Pudwill (previously sales and marketing representative for VW in Asia since the 1970s ) and the Chinese Roy Chi Ping Chung. Horst Pudwill was both CEO and Chairman until the end of 2007 . The two offices have been separated since January 2008: Horst Pudwill remains Chairman, the new CEO is Joseph Galli junior.
structure
Techtronic Industries' businesses are divided into two thematic areas:
- Power Equipment (power tools, including garden tools): Sales (2017) US $ 5.1 billion, corresponding to 84.7% of total sales
- Floor Care : Sales (2017) US $ 0.9 billion; Share 15.3%
Key figures
- Turnover 2017: 6.064 billion US dollars , of which 76.3 per cent to North America, to Europe accounts for 15.2 percent, 8.5 percent to other areas.
- Employees: over 22,000 (mainly in China)
Brands
- AEG (AEG Electric Tools GmbH, headquarters: Winnenden near Stuttgart); one of the remaining companies of the former AEG group, taken over at the beginning of 2005 together with Milwaukee (see below) from the previous owner Atlas Copco ; previously operating as A&M Elektrowerkzeuge GmbH (A stands for AEG, M for Milwaukee), Hilden : the company employs over 1100 people worldwide in production and in its own sales. In Winnenden around 450 of the former 2000 jobs have been preserved; This is where the development department is located and primarily rotary hammers are stillproduced, also under the Milwaukee brand. Most of the other production (especially the AEG drilling machines are known ) was relocated to China. Further European production facilities are located in Nýřany in the Czech Republic.
- Milwaukee ( Milwaukee Electric Tool Corporation , Headquarters Brookfield (Wisconsin) , USA): 1924 by the former NCR employee Albert F. Siebert (1879-1960) from the remnants of the AH Petersen Manufacturing Company in Milwaukee (US ), which had become insolvent due to a major fire. State of Wisconsin). The Milwaukee Electric Tool Corporation has around 3,000 employees and numerous production facilities worldwide. Acquired the Atlas Copco in January 2005 together with the AEG power tool division.
- Ryobi Group : Japanese machine and equipment manufacturer (aluminum die-cast products, power tools, garden electrical equipment, building hardware, printing machines); Founded in 1943, with around 5800 employees and sales of 184.72 billion yen (around 1.2 billion euros),the world's largest cordless tool manufacturer . Gradual takeover by TTI since 2000.
- Homelite (seat: Anderson (South Carolina) , USA): founded in 1921 by Charles H. Ferguson in Port Chester , New York State, under the name Home Electric Lighting Company. Produced by a. electric garden tools (leaf vacuums, brush cutters, grass trimmers, chainsaws, high-pressure cleaners, etc.). Acquired in 2001.
- Stiletto (Stiletto Tool Company, seat: Winton (California) , USA): mainly produces mechanical hammers, including those made of titanium . Takeover by TTI in 2007.
- Hoover USA (seat: formerly North Canton (Ohio), since takeover in Glenwillow (Ohio), USA): produces floor cleaning equipment, founded in 1908 by WH Hoover and Murray Spangler. TTI took over the US division of Hoover (with trademark rights for North and South America, most of the Middle East, all of Africa and most of Asia) on January 1, 2007 from Whirlpool Corporation . The Italian Candy Groupcontinues to hold the rights in Europe and the countries bordering the Mediterranean Sea. Sales around $ 600 million. Around 3,000 employees.
- Dirt Devil (floor cleaning devices), Royal (floor cleaning devices), Regina, Vax (floor cleaning devices), Second Nature, Nomad, Medisana (blood pressure monitors, etc.): Vax was bought up in 1999 and Dirt Devil and Royal (Royal Appliance Mfg. Co.) were taken over 2003. The brands mentioned together with Hoover USA form the TTI Floor Care division.
- DreBo (DreBo Werkzeugfabrik GmbH, Altshausen , Baden-Württemberg) is one of the leading manufacturers of carbide-tipped tools for stone and concrete processing, etc. a. with carbide drill, hammer drill, core bits and hole saws. Founded 1979, taken over by TTI in January 2005 (together with AEG and Milwaukee).
In addition to the brands mentioned, the products are also manufactured under numerous trademarks (e.g. for The Home Depot ) and even for some brands of competing companies.
Individual evidence
- ↑ Our Board
- ↑ a b Annual Report 2017
- ↑ Andreas Hoffbauer: TTI: world factory of drilling machines. In: Handelsblatt . February 28, 2007, accessed May 20, 2016 .