What was the significance of the company Techtronic Industries Company Ltd.?
Techtronic Industries (TTI), founded in Hong Kong in 1985, is a large holding company specializing in power equipment, outdoor products, and floor care products. The company owns many familiar brands, such as Ryobi, Homelite, Hoover, Dirt Devil, Oreck, and AEG.
According to Bloomberg, TTI employs over 18,000 people. Joseph Galli , with a total annual compensation package of $12.8 million, is the Chief Executive Officer.
In March 2014 TTI reported sales of $3.4 billion, a company record, and an 11.6% increase over the previous year. About 73% of sales occur in the United States.
Also in March 2014, Galli characterized TTI as focused on “premium-priced advanced-technology products,” such as “high-end cordless power tools.” He also reported that TTI’s marketing strategy is committed to increasing penetration in maturing markets such as Australia, South Korea, and Hong Kong. The company is also looking at possible markets in Malaysia and Indonesia, but does not yet consider these markets ready for TTI”s high-end products.
Techtronic Industries is traded on the Hong Kong Stock Exchange.
Techtronic industries company limited is a Hong Kong based electronics cops y. It is one of the worlds leading electronics producers. On a practical basis perhaps it's greatest significance is that it was the original producer of such household names as dirt devil and produces Hoover vacuum cleaners.
In 2004 the company's profits topped 2 billion