Record profit for Milwaukee and AEG tools owner
Techtronic Industries (TTI) saw revenue rise 8.8% to US $5.5 billion in 2016, a record for the company. TTI owns Milwaukee, AEG and Ryobi in the power tools, accessories and hand tools category. Ryobi delivered double digit growth and overall net profit increased 15.4% for the year, representing double digit growth for the ninth consecutive […]
FOCUS: DART’s Premium Double Magnetic Holder
DART is running a promotion around its Premium Double Magnetic Holder product for this month only. The German-made product Premium Double Magnetic Holder from DART is designed to enable accurate fixing in overhead or awkward positions without the need for pre-drilling. The surface of the screw head is held on by an additional ultra-strong, powerful rare earth […]
IN-DEPTH: Makita on the shift from mains to cordless power tools
Makita UK is celebrating 45 years in the British professional power tool market this year. The company, one of the market leaders, has seen some core changes over nearly half a century and gives Torque its perspective on the shift to cordless… In 1972 nearly every tool in Makita UK’s inventory was mains powered with […]
Axminster Tools leaps up top 250 UK Retailer list
Axminster Tools & Machinery is now rated higher than Fortnum & Mason, Iceland, The North Face and Plumbase on the top ecommerce and multichannel retailers. Axminster has been placed in the top 250 ecommerce and multichannel retailers, up from the top 350 group where it was place in 2016. The chart is put together by Internet […]
Chervon completes acquisition of SKIL power tool brands from Bosch
The SKIL and SKILSAW brands are now officially under the ownership of Chervon, following the completion of the acquisition from Robert Bosch Tool. Now Chervon has full control over the two brands in North American market. As part of a growth period for Chervon, the company is relocating to Naperville, Illinois to a 124,000-square-foot state-of-the-art […]
Doors open to Totally DIY & Tools 2017
This Valentine’s Day, the tool industry will be heading to Ricoh Arena in Coventry for Totally DIY & Totally Tools 2017. Torque is among the exhibitors appearing at the show (on Stand K2), which will also feature the BHETA Innovation Zone, new exhibitors like Pryor Marking and Tradecom Group, plus international exhibitors including Gorilla Glue and […]
Live streaming and virtual reality from Hire Association at this week’s Executive Hire Show
The Executive Hire Show 2017 gets underway at the Ricoh Arena tomorrow (8 Feb), aimed at the tools, equipment and plant hire industry. Hire Association Europe (HAE) are among the exhibitors who will use technology to reach an even bigger audience to promote its services. For those not heading to Ricoh, they can catch up […]
Makita extends 10.8v CXT power tool range
The Makita 10.8v CXT tool range has grown with the TD111D impact driver and ST113DZ CXT stapler. The new Makita TD111D impact driver with Brushless motor delivers 135Nm of tightening torque and weighs just 1.1kgs with an overall length of only 135mm from chuck to back of body. The new impact driver will deliver up to 3,900 […]
‘Solid progress’ for Ingersoll Rand tool division
Ingersoll Rand’s Industrial segment – including its power tools business – has seen solid progress above internal expectations. According to the latest set of financials from the business, covering Q4 2016, revenues rose 1%, with organic revenues rising 2%. As a whole, the Industrial Products segment of Ingersoll Rand’s business saw organic revenues and bookings […]
HS-Technik reveals new industrial screwdriver with clutch and torque reaction sensor
The TorqBee PRO is a new, intelligent, cordless screwdriver from HS-Technik, featuring a precision clutch and torque reaction sensor for monitoring processes. Connections are precisely monitored thanks to high reaction sensor accuracy, better than 2% full scale, HS-Technik said. HS-Technik power tools are equipped as standard with large, bright OLED displays which display the status […]