Techtronic Industries Co. Ltd. announced an update on its trading performance. In 3Q 2008, the company said that sales were stronger than the corresponding period in 2007 and on target to meet the Group's forecasts. The company said this was lead by the successful entrance into the U.S. gas generators market and buoyant demand for recently launched new products, which includes the new introduction of lithium ion cordless tools.
The company's outdoor products continue to deliver growth momentum, it said, fueled by the new gas pressure washers and Homelite electric portable tools. Industrial Power Tools and Accessories delivered solid sales growth in the North American market for the quarter, coupled with strong growth globally. Consumer Power Tools and Accessories and Floor Care both grew in the quarter compared with Q3 in the previous year.
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