Another revenue record reported by Milwaukee Tools owner Techtronic
Techtronic Industries (TTI) – the group behind the Milwaukee, RYOBI and AEG tool brands – has reported on another impressive trading period with record 2017 first half results. Revenue increased 7.3% to USD $2.9 billion, which grew again to 8.1% when adjusted for foreign currency. The business, which also owns Hoover, Vax and Dirt Devil, […]
8,000 attend Snap-on Franchisee Conference
Dallas, Texas, hosted over the 8,000 attendees of Snap-on’s Franchisee Conference, representing more than 3,000 North American routes. The annual event focused covered the latest in sales, product and business management information in hand, power and diagnostic tools, tool storage and productivity solutions. This year’s conference featured a 144,000-square-foot show floor filled with thousands of innovative products, […]
US fastener and tool brand SENCO acquired by KYOCERA
KYOCERA has expanded its fastening tools business in the manufacturing, construction, residential and commercial sectors following the acquisition of SENCO. SENCO is based in Cincinnati, Ohio and has been renamed ‘KYOCERA SENCO Industrial Tools Inc’. Thanks to the acquisition, KYOCERA aims to increase sales of fastening tools and fasteners to JPY 40 billion (approx USD $361 […]
Are you a UK or European manufacturer? Or do you supply torque tools, anchor fasteners or architectural ironmongery?
Torque Magazine is published 10 times a year with plenty of opportunities for distributors, brands and manufacturers in the fastener, tool and related industries to get their products, services and companies in front of our thousands of readers. Every magazine includes a number of specific features where we invite contributions and in our next mag (September) […]
FOCUS on fastener tools: Master Abrasives, Makita, Norbar and Hitachi
Fasteners won’t get into place by themselves. Here we present fastener tool options from ZIPP, Norbar and Makita for stockists… Makita Makita has introduced the LXT Drywall Screwdriver – a new version of its popular 18v cordless drywall screwdriver that runs up to 2,500 rpm. That’s actually less than its predecessor, but it provides greater driving torque thanks to […]
Roughneck Tools launches new Pallet Buster
Olympia Tools, distributor of the Roughneck brand of hand tools and workwear, has extended its range with the launch of a new product designed specifically for dismantling wooden pallets. The aptly named ‘Roughneck Pallet Buster’ builds on the success of the Roughneck Demolition and Lifting Bar. Like those two products, the new Pallet Buster is constructed […]
Hitachi power tools gearing up for $447m ‘acquisition spree’
Hitachi’s Power Tool division – Hitachi Koki – is targeting becoming one of the top three power tools makers in the world, according to reports. Hitachi Koki will spend up to 50 billion yen ($447 m) on acquisitions to achieve this, the report said. The news follows the acquisition of Hitachi Koki by global investment firm […]
STAFDA’s 41st Annual Convention & Trade Show is sold out
Industry demand for the Specialty Tools & Fasteners Distributors Association (STAFDA) show has hit an unprecedented high – following record demand, STAFDA’s November Annual Convention & Trade Show has sold out. This year’s show takes place in Austin, November 12-14 and STAFDA warned at the start of last month that it was experiencing overwhelming demand for the […]
Power tools sales rise for Makita
Net sales grew 11.6% for Makita in Q2 (three months ending 30 June 2017). Sales reached 113,064 million yen, up from 101,276 million yen in Q2 2016, like-for-like. Makita noted gradually recovering economies in developed countries – and uncertainties around the “international political situation and policies”. However, emerging countries saw their economies steadily grow on […]
Toolbank sets dates for 4 Autumn shows this September
Toolbank has unveiled its Autumn Trade Show dates for 2017, featuring deals, promotions and new products from over 100 brands as well as marketing service providers. Starting in Kent on 5 September, the shows will run at four separate locations in Hertfordshire, Worcestershire and finishing in Leeds, West Yorkshire. Toolbank’s Autumn Trade Shows, supported by NMBS […]