Techtronic Industries Named Hardware `Partner of the Year by Home Depot
Techtronic Industries Named Hardware `Partner of the Year' by Home Depot
Techtronic Recognized by Home Depot for Ryobi Power Tools
ANDERSON, S.C., Sept. 22 /PRNewswire-FirstCall/ -- Techtronic Industries
Co. Ltd. ("TTI") (HKEx stock code 669; ADR symbol: TTNDY) was recognized by
Home Depot (NYSE: HD), the world's largest home improvement retailer, with
"Partner of The Year" honors for the store's Hardware Department. TTI designs
and manufacturers the Ryobi brand of power tools and accessories at its
Anderson, SC facilities.
Recently, at the Home Depot Annual Supplier Partnership Meetings at the
company's headquarters in Atlanta, Duane Goodwin, merchandising vice president
of Hardware for The Home Depot, presented TTI with the award for "Partner of
the Year" for its Hardware Department (Dept. 25). TTI was selected for
outstanding service, innovation and design in its Ryobi line of power tools
"The fact that we were selected from such a large group of hardware
vendors is a tribute to all the TTI employees in the United States and
worldwide," said Horst Pudwill, chairman and CEO of TTI. "We are very proud
to be recognized as a partner by the Home Depot, for the innovation and design
that we've brought to the Ryobi brand of power tools and accessories."
"TTI and Ryobi Technologies have maintained the highest level of product
innovation, quality and customer service to our customers," said Goodwin.
"TTI continues to develop quality tools and accessories -- and we greatly
appreciate their partnership."
In August 2003, TTI announced the introduction of a new, comprehensive
line of 35 RIDGID(R) handheld corded, cordless, benchtop and stationary power
tools for professional contractors, builders and woodworkers. RIDGID(R) is a
registered trademark of Ridgid, Inc., part of Emerson Professional Tools, a
business of St. Louis-based Emerson.
Founded in 1985, TTI is a leading and fast-growing supplier of home
improvement products, employing over 16,000 people worldwide. TTI's global
brand portfolio includes RYOBI power tools, HOMELITE and RYOBI outdoor power
equipment, DIRT DEVIL and VAX floor care appliances. The company has enjoyed
continuous growth since its listing on the Hong Kong Stock Exchange in 1990,
achieving double-digit growth for the past eight years. TTI is also one of
the constituent stocks on the Hang Seng HK SmallCap Index under the Hang Seng
Composite Index and on the MSCI Hong Kong Index. For more information, please
visit http://www.tti.com.hk .
SOURCE Techtronic Industries Co. Ltd.
Web Site: http://www.tti.com.hk