Techtronic Industries to power up plant expansion in China on back of record first-half earnings

Reading Time:2 minutes

TTI chief executive Joseph Galli Jnr said the company was investing ‘like crazy’ on the Chinese mainland. Photo: Jonathan Wong

Published: 5:52pm, 18 Aug 2016Updated: 10:28pm, 18 Aug 2016

Power tools giant Techtronic Industries (TTI) plans to ramp up expansion at its manufacturing base on the Chinese mainland to meet rising global demand for its products, following record-high earnings in the first half of this year.

“We have a large – more than two million sq ft – manufacturing facility in China that we’re expanding, and we’re investing like crazy,” TTI chief executive Joseph Galli Jnr told the South China Morning Post on Thursday, a day after the company announced its interim financial results.

“We have new automation and other innovation [to put in place],” said Galli, without providing the specific amount of the investment.

The company operates various facilities around the world, but its largest production complex is located inside the sprawling Asia Industrial Park in Dongguan, Guangdong province.

Employing more than 11,000 workers, TTI’s mainland facility is also home to one of its global research and development centres.

It churns out millions of devices for the construction, home improvement and floor care markets under various brands, including Milwaukee cordless power tools, Ryobi lawn mowers and Hoover vacuum cleaners.

Techtronic Industries chairman Horst Julius Pudwill. Photo: Jonathan Wong

Frank Chan Chi-chung, TTI’s chief financial officer, said the company expected its total capital expenditure this year to be around US$200 million, up from US$137 million last year.