Techtronic Industries Company Limited (TTI Group or TTI) is a Hong Kong-based, multinational company that designs, produces, and markets
power tools
A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of power tools use electric motors. Internal combustion engines and compressed ...
; outdoor power equipment; hand tools, and floor care appliances. It pioneered cordless power tools powered by
lithium-ion
A lithium-ion or Li-ion battery is a type of rechargeable battery which uses the reversible reduction of lithium ions to store energy. It is the predominant battery type used in portable consumer electronics and electric vehicles. It also ...
rechargeable batteries.
TTI manufactures in China, Vietnam, the U.S., Mexico and Europe, and in 2021, had annual sales of US$13.2 billion.
History
In 1985, TTI was founded by Horst Julius Pudwill and Roy Chi Ping Chung as an
original equipment manufacturer
An original equipment manufacturer (OEM) is generally perceived as a company that produces non-aftermarket parts and equipment that may be marketed by another manufacturer. It is a common industry term recognized and used by many professional or ...
for overseas brands. In 1987, it began to produce Craftsman cordless power tools for
Sears
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began a ...
followed by cordless, handheld vacuum cleaners for
Bissell
Bissell Inc., also known as Bissell Homecare, is an American privately owned vacuum cleaner and floor care product manufacturing corporation headquartered in Walker, Michigan in Greater Grand Rapids.
In 1990, TTI listed on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is rep ...
under stock code 0669 by
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
Nasdaq
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
as TTNDY. In 2019, the company's shares became one of the 50 constituents of the
Hang Seng Index
The Hang Seng Index (HSI) is a freefloat-adjusted market- capitalization-weighted stock-market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator ...
.
Techtronic purchased Milwaukee Electric Tool from Atlas Copco in 2005 and began integrating lithium-ion batteries into their lineup.
TTI's revenue grew from US$ million in 1990 to $ million in 2001. From 2010 to 2019, its sales rose at a compounded annual growth rate of 10 percent.
Brands
TTI's brands include:
Awards
*
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...
''World’s Best 200 Small Companies'', 2002
* Hong Kong Awards for Industries ''Consumer Product Design'', 2008 and 2012
*
Euromoney
''Euromoney'' is an English-language monthly magazine focused on business and finance. First published in 1969, it is the flagship production of Euromoney Institutional Investor plc.
History and profile
''Euromoney'' was first published in 19 ...
''Best Managed Company in Asia - Consumer Goods'', 2014
*
The Home Depot
The Home Depot, Inc., is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement re ...
''Environmental Partner of the Year'' and ''Interconnected Partner of the Year'', 2020