Techtronic Industries Company Limited - TTI

In 1985, Mr. Horst Julius Pudwill and Prof Roy Chi Ping Chung BBS JP founded Techtronic Industries (TTI) with the clear vision of owning and building a portfolio of globally recognized brands. Today, their passion and commitment has resulted in products that have become household names in the commercial construction, home improvement, and industrial power tool markets as well as the home maintenance and commercial floor care markets.

Their steadfast dedication to unsurpassed quality and core strategies of driving continuous innovation, operational improvement, and leadership development have propelled all of TTI’s brands, including Milwaukee Power Tool, a 150-year-old company and now a billion dollar worldwide brand annually.

Techtronic Industries Company Limited (the “Company”, the “Group” or “TTI”) is a fast-growing world leader in Power Tools, Accessories, Hand Tools, Outdoor Power Equipment, and Floor Care and Appliances for Do-It-Yourselfer (DIY), professional and industrial users in the home improvement, repair, maintenance, construction and infrastructure industries. TTI is accelerating the transformation of these industries through environmentally friendly cordless technology.

An unrelenting strategic focus on Powerful Brands, Innovative Products, Operational Excellence and Exceptional People drives culture. The TTI brands like MILWAUKEE, RYOBI, and HOOVER, and their products are recognized worldwide for their deep heritage, superior quality, outstanding performance and compelling innovation. Through an ongoing company-wide commitment to cordless technology, innovation and strong customer partnerships, TTI consistently delivers exciting new products that enhance customer satisfaction and productivity. This focus and drive provide TTI with a powerful platform for sustainable leadership and strong growth.

Founded in 1985 and listed on the Stock Exchange of Hong Kong (“SEHK”) in 1990, TTI is included in the Hang Seng Index as one of their fifty constituent stocks. The Company has a worldwide customer reach, and over 29,000 staff. TTI maintains a healthy financial position and in 2018 had worldwide annual sales of over US$7 billion.

Mission

They are dedicated to improving the lives of homeowners and tradespeople around the world.

TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floor Care Appliances and Accessories for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. Dedication to company-wide innovation has led to cordless leadership position across all product categories that is transforming how work is conducted in these industries.

Values

TTI communicates and enforces the Values that drive behavior.

Values are the foundation for all decision making and provide the guideposts for every internal and external interaction. They are diligent in ensuring that values penetrate every level of organization that translates into trusted relationships and long term brand loyalty.

Core beliefs:

• Doing the Right Thing
• Treating Each Other With Integrity and Respect
• Building Strong, Trusted Relationships
• Giving Back
• Encouraging Innovative Spirit
• Exceeding Customer Expectations

Quality

From Day One, Superior Quality was the primary focus for TTI.

It is important for TTI employees to understand holistic approach to quality; that it permeates every element of organization, from product design to manufacturing, from hiring processes to continuous leadership development training, and from supply chain execution to day-to-day consumer and professional interactions. Quality is the DNA of the TTI culture.

Policies

Policies are designed to direct every action and interaction with company.

TTI has a laser focus on the image and reputation of organization in how they conduct business in the global marketplace. Consequently, TTI have developed the following policies to ensure employees and business partners understand the level of commitment they expect in each and every interaction. Goal is to deliver absolute clarity on TTI’s expectations in the following areas.

Strategic Drivers

TTI is a global strategy-based organization. Company have been diligent in researching and refining the key concepts for ongoing sustainability and growth. Early on, leadership identified four strategic areas that would drive success. The synergy in four strategic drivers creates a culture of disruptive innovation and execution resulting in world-class, powerful brands. This dynamic structure of interconnectivity not only maximizes growth and improvement in every area of company; but also, delivers the innovative, high-quality driven products needed by consumers and professionals around the world. Consequently, focus on strategy has created a cycle for continued success.

Strategic Drivers

TTI is a global strategy-based organization. Company have been diligent in researching and refining the key concepts for ongoing sustainability and growth. Early on, leadership identified four strategic areas that would drive success. The synergy in four strategic drivers creates a culture of disruptive innovation and execution resulting in world-class, powerful brands. This dynamic structure of interconnectivity not only maximizes growth and improvement in every area of company; but also, delivers the innovative, high-quality driven products needed by consumers and professionals around the world. Consequently, focus on strategy has created a cycle for continued success.

People

TTI employees are the compass to success.

The leadership at TTI understands that the greatest investment for every organization is in its people. The Senior Executives at TTI contribute decades of industry knowledge and organizational management skills creating an open culture for all employees to discuss innovative ideas impacting every level of the company. The wealth of seasoned executives throughout TTI’s global operations are the industry leaders that are helping to define the future direction of product categories in a variety of industries. Their collective intelligence and insight into future trends is what led TTI to begin establishing a leadership position in cordless tools decades before its current popularity. TTI is now disrupting the power equipment and floor care industries with its aggressive, market innovations; a direct result of forward-thinking leadership.

TTI invest heavily in developing current and future leaders. Filling the growing TTI management needs is the Leadership Development Program through aggressive university recruitment, training, and promotion ladder for high-potential talent. A deeply embedded entrepreneurial culture flows throughout the organization and world-class management team. Strong, effective leadership keeps company strategically focused on facing the often unpredictable market forces

Working at TTI

Vision is to be number one in the industries they serve.

TTI is a world-leading producer of quality consumer and professional products marketed for the home improvement and construction industries

TTI produces a wide range of innovative products that include power tools, accessories, hand tools, outdoor power equipment and floor care products.

Products are distributed globally through home centers, major retailers, full-line tool distributors, and other channels under leading brands that like MILWAUKEE, RYOBI, and HOOVER.

Leadership Development Program

TTI believe exceptional people drives exceptional results. In 2007, TTI has launched the Leadership Development Program (LDP), a comprehensive campus recruiting program to build a talent pool of outstanding exceptional people for the long-term.

In this program, they recruit high-potential graduates from top universities. LDP participants are being trained, developed and promoted through the system and are taking on a vast array of assignments. The LDP initiative is successfully feeding talent into key positions throughout the company, forming the backbone of future TTI leaders.

Flourishing LDP program and has been expanded from North America into Europe, Asia, Latin America, and Australia. Company need smart, determined leaders with the right aptitude to learn quickly and apply what they have learned to their next promotion.