News Room

In 2022, TTI has once again affirmed its durability across the business system in the context of an increasingly challenging operating environment thanks to phenomenal growth in the Milwaukee brand business. In particular, TTI group achieved a total revenue of over US$13 billion globally. The business of our leading brand – MILWAUKEE – grew by 21.8% in local currency.

Mr. Horst Pudwill, President of TTI, shared: "With the dramatic increase in free cash flow and a healthy balance sheet, TTI is well positioned to further expand its leadership position in the industrial, professional and consumer sectors globally. We are very confident in our ability to continue to drive market share growth and outperform the market in 2023."

Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the DIY, consumer, professional, and industrial 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 an expansive long-term vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries while maintaining high environmental, social and corporate governance standards.

TTI's powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL floorcare cleaning products and solutions.

After nearly five years since starting operations in Vietnam in August 2018, TTI has nearly 8,000 employees working at 08 production facilities, representative offices in Ho Chi Minh City, MILWAUKEE Heavy Duty Center in Ho Chi Minh City and Hanoi. Almost all TTI's business divisions, namely Industrial Power Tools (Milwaukee Brand), Consumer Power Tools, Outdoor Products, Floorcare & Cleansing have operations in Vietnam. TTI's commitment to reducing carbon emissions in production activities is reflected in the project to build a modern LEED-certified production facility in Saigon Hi-Tech Park.

The Group identifies Vietnam as a strategic location where TTI is committed to long-term investment, building a supply chain ecosystem and talent attraction policies, thereby contributing positively to the development of the Cordless Industries and Vietnam's social economy in general./.