TTI's recently released 2022 annual report shows that last year, TTI achieved a revenue of over 13 billion USD globally, with a gross profit margin increase of 39.3%. TTI Group also made its mark with its commitment to sustainable development and demonstrated its connection with the local community.
TTI Group makes its mark with activities committed to sustainable development and demonstrates its connection with the local community.
This result was driven by the growth of TTI's Power Equipment business, which accounts for 93.0% of the group's total revenue, up 5.5%. In particular, MILWAUKEE, TTI's leading brand and the fastest growing brand in the professional cordless tool market, grew by a remarkable 21.8%.
The growth is the result of successful operational excellence and expansion of manufacturing operations in markets, which has enabled TTI to further expand its leading position in the wireless equipment market… TTI Group has also made significant strides in developing zero-emission and noise-free products, while reducing carbon emissions in its manufacturing processes.
Mr. Stephan Horst Pudwill, Vice President of TTI Group, shared in the ESG report: "Sustainable development is an integral part of all TTI business activities, and this goal also contributes to business efficiency and risk reduction of the group. We are in a favorable position to continuously improve management activities related to Environment - Governance and Society, thereby achieving the Environment - Governance and Society goals in the group's business strategy".
It is known that TTI started operating in Vietnam since August 2018. Up to now, the group has developed production activities across the country with more than 9,000 employees (as of December 2022), 8 factories, and representative offices. In Vietnam, TTI has most of the main business areas including industrial tools, household tools, outdoor products, floor care and cleaning.
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