Using Green Manufacturing Practices to Promote Sustainability

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Case Study Using Green Manufacturing Practices to Promote Sustainability With increased scrutiny on the sustainability practices of companies with which Company consumers, stakeholders and employees engage, it has become necessary for companies to incorporate transparency into their business practices with regard Techtronic Industries to their impact on the environment, community and workplace. A world-class Co. Ltd. leader in quality consumer, professional and industrial products marketed to www.ttigroup.com the home improvement, repair and construction industries, Techtronic Industries Co. Ltd. (TTI) sought to implement a formalized program as it Industry embraced green manufacturing practices for its power tool, outdoor and floor Manufacturing care products. With such recognizable and esteemed brands as MILWAUKEE®, AEG®, RYOBI®, HOMELITE®, HOOVER®, DIRT DEVIL® and VAX®, it was important for TTI to demonstrate its commitment to Region sustainability to the retailers that distribute and the consumers who purchase Asia and use its products. Australasia North America Latin America Europe Middle East, Africa & Indian Subcontinent Intertek Solutions Think Green Initiative “Intertek’s TGI program was instrumental in TTI Improving Environmental within TTI. The company has reduced becoming environmentally Performance through excessive light sources, eliminated a conscious by providing Assessment and number of unnecessary water heaters, guidelines on decreasing Benchmarking installed water re-chilling systems for our carbon footprint the central air conditioning and through setting Beginning in 2009, TTI started to improved molding machine efficiency. performance standards focus on a disciplined process to TTI has also enhanced its recycling and benchmarking against continuously improve its system through the reuse of packing industry peers. We are environmental performance by materials and recycling of waste water. proud to be the first global implementing Intertek’s Think Green The TGI program has facilitated the manufacturer to be Initiative (TGI) program at its Asia reduction of TTI’s carbon output by awarded the Think Green Industrial Park in Dongguan. The more than 4,000 tons per year, while Initiative Achievement TGI program is a tool used to assist Award, and we look forward reducing operational costs. organizations with the assessment, to participating in future TGI programs.” monitoring, implementation and As a result, TTI achieved a high global benchmarking of their performance score of 85 against a environmental performance using a global average of 54. In recognition of - David Butts, combination of two core compliance this achievement, TTI was the first Group Executive modules and six environmental global manufacturer to be awarded the Vice President, TTI modules. With the implementation Think Green Initiative Achievement of TGI, TTI realized a cost savings Award. Through this public recognition, while reducing its carbon footprint. TTI can demonstrate to its partners the company’s position as a large and For further information on The momentum from the TGI reliable manufacturer that proactively Intertek’s Quality and Safety program has facilitated the implements green initiatives to solutions visit: completion of several continuously shrink its carbon footprint environmentally focused projects and cut costs. www.intertek.com .

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Corporate Milestones
Corporate Milestones Corporate Milestones 2005 Acquired Milwaukee®, AEG® and DreBo® electric power tools and accessories brands and businesses. 2004 Acquired Ryobi® brand license in North America for outdoor power equipment. 2005 2003 Acquired Royal® and Dirt Devil® floor care brands and businesses. 2002 2004 Acquired Ryobi® brand license and businesses in Australia and New Zealand for power tool and outdoor power equipment. 2001 Acquired Homelite® brand and businesses for outdoor power equipment. 2003 Acquired Ryboi® brand license and businesses for power tool and outdoor power equipment in Europe. 2000 2002 Acquired Ryobi® power tool brand license and businesses in North America. 1999 2001 Acquired Vax® brand and businesses for floor care products in UK and Australia. 2000 Contents 01 Financial Highlights 02 Chairman’s Statement 1999 08 Management Forum 18 Brands Overview 2003 Launched RIDGID® professional tools for The Home Depot®. 1990 Review of Operations 20 – Power Equipment Products 2001 26 – Floor Care Appliances Partnership with The Home Depot®. 1988 30 – Laser & Electronic Products 1990 Listed on the Stock Exchange of Hong Kong (stock code: 669). 32 Board of Directors 34 Global Management 1987 1988 36 Management’s Discussion and Analysis Opened TTI’s first manufacturing facilities in Dongguan, PRC. 44 Corporate Governance Report 49 Directors’ Report 1985 1987 61 Auditors’ Report Partnership with SEARS®. 62 Financial Statements 1985 70 Notes to the Financial Statements Mr Horst Julius Pudwill & Mr Roy Chi Ping Chung 125 Financial Summary founded TTI. 126 Corporate Information Asia North America A & M Electric Tools GmbH Max-Eyth-Str. 10 Hong Kong Canada D-71364 Winnenden Techtronic Industries Co.
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Stanley Black and Decker Techtronic Industries Co Ltd (TTI) Chevron
Who Owns What? Andrew Davis May, 2019 This is a redacted version of an article II found on protoolreviews.com. I remember growing up when General Motors offered different brands at different price points (until they all the brands started to overlap before GM collapsed) – Cadillac at the top end, followed by Oldsmobile, Buick, Pontiac, and Chevy. We have a similar situation in woodworking tools (also in kitchen appliances) except that in the case of tools, the multi-brand company is more often a case of acquisitions rather than organic development. Anyway, for those readers interested in the business side of tools, this column, which is a departure from my usual thread, may be of interest. Stanley Black and Decker Stanley Black & Decker (SBD) turned heads when it bought Craftsman Tools in 2017 after Sears closed 235 stores in 2015. Dating back to 1843 with a man named Frederick Stanley, the company merged in 2010 with Black and Decker. As of 2017, the company maintains a $7.5 billion business in tools & storage alone. SBD brands include: DeWalt Stanley Black + Decker Bostitch Craftsman Vidmar Mac Tools Irwin Lenox Proto Porter-Cable Powers Fasteners Lista Sidchrome Emglo USAG Techtronic Industries Co Ltd (TTI) TTI owns Milwaukee Tool and a host of other power tool companies. It also licenses the RIDGID and RYOBI names for cordless power tools (Emerson actually owns RIDGID and makes the red tools). Founded in 1985 in Hong Kong, TTI sells tools all over the world and employs over 22,000 people. TTI had worldwide annual sales of over US$6 billion in 2017.
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Maker Ofryobi, Milwaukee Tools Chooses Fort Lauderdale for New U.S
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Techtronic Industries Co. Ltd. Announcement Of
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. TECHTRONIC INDUSTRIES CO. LTD. 創科實業有限公司 (Incorporated in Hong Kong with limited liability) (Stock code: 669) ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED DECEMBER 31, 2019 Highlights 2019 2018 US$’ US$’ million million Changes Revenue 7,667 7,021 +9.2% Gross profit margin 37.7% 37.2% +50 bps EBIT 673 607 +10.9% Profit attributable to Owners of the Company 615 552 +11.3% Basic earnings per share (US cents) 33.67 30.16 +11.6% Dividend per share (approx. US cents) 13.26 11.33 +17.0% ▪ Net profit grew 11.3% and sales expanded 9.2% ▪ Gross margin improved for the eleventh consecutive year ▪ Flagship Milwaukee Tool business continues to grow 20%+ in local currency ▪ RYOBI cordless sales delivered double-digit sales growth The board of directors (the “Directors” or the “Board”) of Techtronic Industries Company Limited (“TTI” or the “Company”) is pleased to announce the audited consolidated results of the Company and its subsidiaries (together, the “Group”) for the year ended December 31, 2019 together with the comparative figures in 2018. TTI is pleased to announce our 2019 performance achieved record profits marking a decade of revenue growth. We built on our strong first half performance by delivering record second half results, driven by the development of new products and expansion across all categories, verticals and geographies.
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Higher Performance Results in All Divisions
Techtronic Industries TechtronicIndustries Annual Report 2004 TechtronicIndustries Co. Ltd. 24/F, CDW Building, 388 Castle Peak Road Tsuen Wan, N.T., Hong Kong higher T (852) 2402 6888 F (852) 2413 5971 performance www.ttigroup.com Annual Report 2004 Corporate Profile Techtronic Industries Co. Ltd. (TTI or the Group) is a world-class supplier of superior home improvement and construction tools with a powerful portfolio of trusted brands and a strong commitment to innovation and quality. TTI’s portfolio includes a full line of power equipment products, floor care appliances, laser and electronic products. Our brands include Milwaukee®, AEG® and Ryobi® power tools and accessories, Ryobi® and Homelite® outdoor power equipment and Royal®, Dirt Devil®, Regina® and Vax® floor care appliances. In addition to our powerful brand offering, TTI is the preferred partner to many leading OEM brands and private label retail brands in North America and Europe. Our products are sold through home centers, major retailers, full-line tool distributors, and other channels in North America, Europe and Australasia. With fast-expanding operations in these markets, the Group recorded 2004 sales of more than HK$16.30 billion, delivering another record year with double-digit growth. TTI is listed on The Stock Exchange of Hong Kong (HKEx: 669) and maintains a Level 1 American Depositary Receipt (ADR) program (ADR: TTNDY). Headquartered in Hong Kong, the Group employs more than 21,000 people worldwide. contents 01 financial highlights 02 chairman’s statement 08 brands overview review of operations 12 – power equipment products 18 – floor care appliances 22 – laser & electronic products 24 management’s discussion and analysis 30 board of directors 32 senior management 34 directors’ report 45 auditors’ report 46 financial statements The Royal PowerCast ® 54 notes to the financial statements Royal represents the best in vacuum cleaning.
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TTI Signs Agreement to Acquire Milwaukee®, AEG® and Drebo® from Atlas Copco AB
[For Immediate Release] TTI Signs Agreement to Acquire Milwaukee®, AEG® and DreBo® From Atlas Copco AB Acquisition bolsters TTI’s global brand portfolio Acquisition follows TTI’s recent first half 2004 record earnings announcement of 41.8% net profit growth; nine straight years of double-digit earnings and revenue growth (HONG KONG, 30th August, 2004) – Techtronic Industries Co. Ltd. (“TTI”) (HKEx stock code 669; ADR symbol: TTNDY) today announced that it entered into a stock purchase agreement to acquire Atlas Copco AB’s electric power tool and accessories business, currently conducted through Milwaukee Electric Tool Corporation and Atlas Copco Electric Tools GmbH and certain other entities under the brand names “Milwaukee®” and “AEG®.” The net cash consideration for the purchase is US $626.6 million on a debt-free basis, consisting of a total pre-adjustment purchase price of US$712.8 million less agreed pre-closing adjustment of US$86.2 million. The transaction, which is subject to regulatory clearances and customary closing conditions, is expected to close prior to the end of 2004. Mr. Horst J. Pudwill, Chairman and CEO of TTI said, “We are pleased to add the Milwaukee® and AEG® brands of power tools and DreBo® carbide drill bits to our growing family of global brands. With their 80-year histories, Milwaukee® is one of the most widely respected brands in the professional contractor market segment and in Europe, AEG® brings an additional highly respected brand to our portfolio. This acquisition takes advantage of our marketing and distribution networks and enhances our reach into the industrial/construction channel and power tool accessory market.
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TTI Reports 2010 Profit Growth of 50.7%
[For Immediate Release] TTI Reports 2010 Profit Growth of 50.7% • Continued execution of our strategies produced strong results • Net profit increase of 50.7% • Sales growth of 10.0% driven by new product innovation and geographic expansion • Operational efficiencies improve gross profit by 13.3% (Hong Kong, 24 March 2011) - Hong Kong-based global power tools and floor care company, Techtronic Industries Co. Ltd. (“TTI” / The Group) (stock code: 669, ADR symbol: TTNDY) marked its 25 th year with a solid net profit increase of 50.7% in 2010 as all business units performed strongly. This was the result of strength in new products, continued geographic expansion, and significant operational efficiencies. Sales were HK$26.4 billion (US$3.4 billion) for the full year, representing a 10.0% increase over 2009. Our full year profit attributable to owners of the company was HK$740 million (US$95 million), an increase of 50.7% and earnings per share increased 45.1% to HK46.23 cents over the prior year. TTI’s leading brands, including MILWAUKEE ®, AEG ®, RYOBI ®, HOMELITE ®, HOOVER ®, DIRT DEVIL ® and VAX ®, generated outstanding growth through innovative new product and extensions into new categories, as well as geographic expansion. New product platforms accounted for approximately one third of Group global sales in 2010 . Mr. Horst Pudwill, Chairman of TTI said. “We are pleased with these results. Entering 2011, our excellent product portfolio, and superior brands give us strong confidence the Group will capitalize on the opportunities and drive further growth.” “We continued to invest in developing exciting new products, building our brands, expanding global operations, and implementing cost containment programs.
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Chief Executive Officer's Message
Chief Executive Officer’s Message TTI delivered another year of outstanding performance in 2017. We are thriving as we ambitiously continue executing our laser focused strategy that created the platform for our industry-leading growth. TTI is leading the world’s rapid transition to cordless, displacing old technologies, entering new categories and expanding our served industries. Our vision for a cordless future is vast. Global Cordless Leadership Early on TTI identified the once in a generation shift from traditional power sources to cordless labor saving devices. We are driving the revolutionary change to cordless products away from traditional corded, pneumatic, hydraulic and gas power. We set a course to be the industry leader by bringing the disruptive cordless revolution with breakthrough innovative products into our product categories. Our strategic bedrock is the disciplined R&D investment necessary to deliver innovative product development which has been the key to our sustained performance. The advancements we have made in battery and motor technology coupled with new sophisticated electronic and charging systems have accelerated the corded to cordless transition into a true system wide expansion of cordless possibilities. This in turn has fueled cordless growth across all product categories. Whether it is RYOBI as the largest cordless DIY brand in the world, MILWAUKEE with its dominant industrial and professional tools leadership position, or HOOVER, VAX, and DIRT DEVIL brands commanding presence in global floor care, “We have an ambitious vision for a TTI is redefining how the world works at home and on the jobsite. cordless future, a clear strategy going Powerful Brand Platforms forward, strong business momentum RYOBI is the number one DIY power tool brand in the world.
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Techtronic Industries Co. Ltd
Techtronic Industries Corporate Profile Techtronic Industries Co. Ltd. (“TTI” or “the Group”) is a market and innovation leader in power equipment products, floor care appliances, laser and electronic products. We have a powerful portfolio of trusted brands, recognized for setting new standards in innovative design, technical advancements, marketing concepts and speed-to-market. Our portfolio of global brands include Milwaukee®, AEG®, Ryobi® and Homelite® for power equipment products, Royal®, Dirt Devil®, Regina® and Vax® for floor care appliances. TTI products are marketed through home centers, major retailers, full-line tool distributors and other channels in North America, Europe and other select markets. TTI is also the preferred partner of leading OEM brands and private label retail brands in North America and Europe. Headquartered in Hong Kong, the Group recorded sales of HK$22.36 billion in 2005, a collective achievement of its 22,000 staff worldwide. INNOVATION EXECUTION Annual Report 2005 Stock Code: 669 Corporate Profile Techtronic Industries Co. Ltd. (“TTI” or “the Group”) is a market and innovation leader in power equipment products, floor care appliances, laser and electronic products. We have a powerful portfolio of trusted brands, recognized for setting new standards in innovative design, technical advancements, marketing concepts and speed-to-market. Our portfolio of global brands include Milwaukee®, AEG®, Ryobi® and Homelite® for power equipment products, Royal®, Dirt Devil®, Regina® and Vax® for floor care appliances. TTI products are marketed through home centers, major retailers, full-line tool distributors and other channels in North America, Europe and other select markets. TTI is also the preferred partner of leading OEM brands and private label retail brands in North America and Europe.
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TTI's RYOBI® Brand of Power Tools Introduces New 18-VOLT One+
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TTI AR04 P1-17 E06 20.4 AW.Qxd
review of operations power equipment products The Power Equipment Products division delivered another year of highly successful results through leading innovation, operational excellence and deepening customer alliances. This dynamic combination provided tremendous growth in all key markets and all product segments as well as market position gains in all brand categories. In power tools, the Ryobi and RIDGID® brands played key roles in growing the power tools and accessories businesses achieving double-digit sales growth. In outdoor power equipment, the Group made significant progress, also attaining double-digit sales growth, as it leveraged the power of the Ryobi and Homelite brands in North America and Europe. The Group also continued to strengthen relationships with key customers. Turnover for the division grew 21.5% to HK$11.52 billion, accounting for 70.7% of total Group turnover. Operating profits rose by 39.3% to HK$910 million. With one of the largest product ranges in the industry, Ryobi is widely accepted by millions of DIY users globally as providing professional features at affordable prices. (right) 9" Band Saw 14.4V Cordless Drill/Driver (left) The Ryobi Corner Cat ™ Finish Sander is the first cordless sander with corded performance, registering 11,000 orbits per minute and equipped with GripZone™, an over-molded ergonomic handle. 12 Techtronic Industries Co. Ltd. Annual Report 2004 Divisional turnover HK$ million 11,524 9,487 7,604 4,765 3,294 2000 2001 2002 2003 2004 Power Tools Ryobi’s European operations also focused on innovation, successfully launching an assortment of robust new power tools during the year, which expanded the range by 30%.
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Cordless Power Tool Leader Driven by Technological Innovations, Initiate with "Accumulate"
股票研 [Table_Title] David Feng 冯廷帅 Company Report: Techtronic Industries (00669 HK) 究 (852) 2509 2113 Equity Research 公司报告：创科实业 (00669 HK) [email protected] 12 November 2020 Cordless[Table_Summary Power] Tool Leader Driven by Technological Innovations, Initiate With "Accumulate" 公技术创新驱动的充电式电动工具领导者，首予“收集” 司 TTI is a global leader of power tools with focus on the North American [Table_Rank] market. We believe that North America will continue to lead the global power Rating: Accumulate 报 tool market in the incoming five years despite great potential in emerging Initial 告 markets. We expect that TTI will continue to win more market share on its 评级：收集 (首次覆盖) Company Report well-positioned branding and strategic focus on cordless technology. TTI's product competitiveness has been strengthened by consistently increasing R&D expenditure and rapidly expanding product family. We 6[Table_Price]-18m TP 目标价 : HK$119.30 believe that TTI will maintain R&D expense ratio above 3%, to significantly outpace its peers. The Home Depot remains as TTI's most powerful Share price 股价: HK$97.450 告 distribution channel despite impact from online retailers and the COVID-19 证 pandemic. In terms of TTI's floor care, we believe a strategic shift towards 报 cordless and carpet washing products will continue to drive its turnaround. Stock performance 券究 We expect TTI's top line and bottom line to grow at a CAGR of 12.5% 股价表现研 [Table_QuotePic] and 14.7%, respectively, during 2019-2022. We believe that robust sales of 研 100% 究 power equipment will continue to drive TTI's revenue growth, while floor care 80% 券 will further recover after the strategic shift.
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