Horst Julius Pudwill with son Stephan Horst Pudwill (right), who is holding a set of lithium-ion ... [+] batteries. Its Milwaukee brand—on display in a company showroom—pioneered the use of lithium-ion batteries to power cordless tools. Shares of the Hong Kong-based power tools maker soared 11.6% on Wednesday, after announcing a day earlier what it described as “extraordinary” earnings results for the first half of 2021. Horst Julius Pudwill, TTI’s cofounder and chairman, was featured in a Forbes Asia magazine cover story, where he and vice chairman Stephan Horst Pudwill (his son) discussed the company’s strategic adjustments for the pandemic. Today, the company has grown to be one of the world's largest suppliers of cordless power tools and floor care appliances.

Source: Forbes August 12, 2021 09:00 UTC