Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Hoover Buyer Techtronic Reports Record Profits
Apr 19, 2007
 Printable format
 Email this Article
 Search

Floor care appliances maker Techtronic Industries Co. Ltd. today announced profits for 2006 reached a record level of HK $1.072 billion (approx. U.S. $137 million), up 5.19 percent over the previous year. This marks TTI's twelfth consecutive year of growth.

TTI acquired the Hoover floor care business from Whirlpool Corporation in early 2007. Its floor care brand portfolio already included established U.S. brands Dirt Devil and Royal, as well as global brand Vax. The company is a major supplier of Kenmore floor care appliances to retailer Sears. TTI's power tools business includes brands such as Milwaukee®, AEG® and Ridgid®.

TTI credited its leading brands, product innovations and cost improvement efforts for delivering a healthier net profit margin of 4.91 percent in 2006, up from 4.56 percent in 2005.

“2006 turnover for the group was HK $21.82 billion (approx. $2.79 billion), a small decline of 2.39 percent over 2005," TTI Chairman and CEO Horst Julius Pudwill said. "We managed solid turnover growth in the first half of 2006, but the second half proved to be more challenging with a softer macro economic environment in the United States. However, the group’s expansion efforts outside of North America continued the first half momentum with near double digit turnover growth for the second half and consequently for the full year."

Back to Daily News

 

Daily News

...........................................................

Oct 2, 2014: Consumer confidence down in September

Oct 1, 2014: Whirlpool on Manufacturing Day: on track to exceed $1 billion U.S. investment goal

Oct 1, 2014: Commercial appliance spending and other restaurant capital spending solid in August

Oct 1, 2014: Appliance maker Gorenje is first Slovenian company with a European Works Council

Oct 1, 2014: HVAC/R contractors positive about short-term growth

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows