May 7 2015
May 7, 2015
For immediate release
Contact: Brian Symmes, 803-673-9437
Techtronic Industries Expanding Operations In Anderson County
$85 Million Investment Expected To Generate More Than 216 New Jobs In The Upstate
COLUMBIA, S.C. –Techtronic Industries (TTI), a global leader in the design, manufacturing and marketing of quality consumer, professional and industrial products, is expanding its manufacturing and distribution operations in Anderson County. The $85 million investment will create at least 216 new jobs in Anderson, S.C. over the next five years.
Founded in 1985, TTI has continuously expanded around the world through organic growth and strategic acquisitions. TTI now boasts among its portfolio some of the world’s most famous and iconic brands. The company’s brands include Milwaukee®, AEG®, Ryobi®, Homelite®, Hoover®, Oreck®, Vax® and Dirt Devil ®. As a global leader in the home improvement, construction and consumer product markets, the company employs more than 20,000 workers worldwide.
To expand its Anderson County operations, TTI will construct a new 1.3 million-square-foot distribution, assembly and reconditioning center. The new distribution center will be constructed near the I-85 / S.C. Hwy. 81 interchange. This expansion will significantly improve efficiency and productivity at the company’s Upstate operations, as well as increase the distribution of TTI’s outdoor products and power tools.
The facility is expected to be up and running by the end of the second quarter of 2016. For more information on the Techtronic Industries, visitwww.ttigroup.com.
The Coordinating Council for Economic Development has approved job development credits related to the project.
“Investing and expanding our South Carolina operations is a critical component of our continued success. The new facility will allow us to better serve our customers and enhance our leadership position in the U.S. Power Tool and Outdoor Products Marketplace. We’d also like to thank our South Carolina partners – Governor Nikki Haley, the South Carolina Department of Commerce and Anderson County – for helping this project come to fruition.” –TTI Power Equipment, Power Tool & Outdoor Product Presidents Mike Farrah & Lee Sowell
“It really is a reason to celebrate when a company doing business in South Carolina succeeds and makes the decision to expand and create more jobs here. TTI’s latest investment, and the 216 new jobs it will create, will make a real difference in Anderson, and we look forward to watching this great company continue to thrive there for many years to come.” –Gov. Nikki Haley
“International investment continues to drive our economy, providing opportunities for South Carolinians in all corners of our state. I congratulate Techtronic Industries and our Upstate community on this milestone announcement and look forward to the continued success of this partnership in the years to come.” –Secretary of Commerce Bobby Hitt
“SC Ports Authority congratulates Techtronic Industries on their expanding footprint in South Carolina and looks forward to serving their growing import needs. The Upstate is home to a large concentration of port users and rising number of distribution centers that serve the booming Southeastern consumer population. Techtronic’s announcement is significant to the Port, and it reflects our connection between international manufacturers and access to inland markets for retail distribution.” –SC Ports Authority President and CEO Jim Newsome
“Today’s announcement by Techtronic Industries further confirms South Carolina’s position as the premier destination for businesses that want to expand, grow, and be successful in today’s global economy. TTI has already been a positive corporate citizen in Anderson and I am proud and excited that the company has committed to bring additional jobs and increase its significant investment in Anderson County.” –SC State Representative Brian White, District 6
“Anderson County is so pleased to join our longtime industry partner, Techtronic Industries, as they share this exciting announcement. Their investment in this expansion into a new facility on Highway 81/Exit 27 demonstrates their consistent commitment to our entire community.” –Anderson County Council Chairman Tommy Dunn, District 5
“Techtronic Industries has been a key player in Anderson County’s economic vitality for many years. Their latest investment of $85 million will bring 216 new jobs to the Upstate. Visitors entering our County will be greeted with the new TTI Campus, which will greatly enhance the landscape of I-85’s exit 27. On behalf of the residents and businesses of District 4, I am thrilled to welcome TTI’s expansion into our area of the County and I look forward to working together toward a bright future for both TTI and Anderson County.” –Anderson County Council Member Tom Allen, District 4
FIVE FAST FACTS
• Techtronic Industries (TTI) is expanding operations in Anderson County.
• $85 million investment creating 216 new jobs.
• TTI was founded in 1985 and is headquartered in Hong Kong.
• The company will construct a new 1.3 million-square-foot facility.
• As a global leader, TTI employs more than 20,000 workers worldwide.
About Techtronic Industries (TTI):
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world-class leader in quality consumer, professional and industrial products marketed to the home improvement, hardware, and construction industries. An unrelenting strategic focus on Powerful Brands, Innovative Products, Exceptional People and Operational Excellence drives our success. TTI’s powerful brand portfolio includes MILWAUKEE, AEG® and RYOBI® power tools, accessories and hand tools, RYOBI® and HOMELITE outdoor products, EMPIRE layout and measurement products, and HOOVER, ORECK , VAX and DIRT DEVIL floor care and appliances.