The global leading cordless power equipment and floor care company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, ADR symbol: TTNDY) today co-organizes its first-ever Vietnam Supplier Workshop with the Saigon High-tech Park (SHTP) in Ho Chi Minh City. The workshop is expected to advance TTI’s presence with the local suppliers and will further develop TTI’s strategic objectives in Vietnam. Vietnam is important to TTI’s global manufacturing expansion strategy. This global manufacturing footprint provides strategic geographic diversification for the Group and brings stronger supply chain capabilities supporting future business growth.
Mr Nate Easter, Executive Vice President of Global Sourcing & Outdoor Products Operation of TTI, said, “Armed with the tremendous support from SHTP and the local government, we are glad to have chosen SHTP to locate our new plant in Vietnam. It has favourable access to a vast pool of talent, high-quality suppliers and a strong commitment from the government and public administration, fully supporting TTI’s current and future development plans at SHTP”.
Founded in 1985, TTI is a world leader in cordless technology spanning power tools, outdoor power equipment, floor care appliances and accessories for the industrial, consumer and professional users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – powerful brands, innovative products, exceptional people and operational excellence – reflecting a long-term expansive vision to advance cordless technology. TTI’s powerful brand portfolio includes leading American brands like MILWAUKEE and HOOVER as well as RYOBI, HOMELITE, EMPIRE, ORECK, VAX and DIRT DEVIL. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries.
The Company maintains a healthy financial position with worldwide sales of US$7.7 billion in 2019, in which over 75% of sales are delivered by the North American market. TTI has over 30,000 employees worldwide. They are led by an exceptional management team coming from the US and Europe, driving success through every level of the organization.
TTI is one of the constituent stocks of the Hang Seng Index, FTSE Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.
All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license.
Press release distributed by EloQ Communications.