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Ryobi

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Ryobi Limited
Native name
リョービ株式会社
Company typePublic KK
TYO: 5851
ISINJP3975800008
IndustryMachinery
FoundedDecember 16, 1943; 80 years ago (1943-12-16)
Headquarters
Fuchu, Hiroshima 726-8628
,
Japan
Area served
Worldwide
Key people
Akira Urakami
(President)
Products
RevenueIncrease JPY 254.5 billion (FY 2015) (US$ 2.25 billion) (FY 2015)
Increase JPY 9.3 billion (FY 2015) (US$ 94.6 million) (FY 2015)
Number of employees
8,993 (as of March 26, 2016)
WebsiteOfficial website
Footnotes / references
[1][2][3]
A Ryobi 4 color offset press
Ryobi power drill

Ryobi Limited (リョービ株式会社, Ryōbi Kabushiki-gaisha, Japanese: [ɾʲoːꜜbi]; English: /raɪˈoʊbi/ or /riˈoʊbi/) is a Japanese manufacturer of components for automobiles, electronics, and telecommunications industries. It also sells printing equipment, power tools, and builders' hardware.[3] Ryobi Power Tools and Ryobi Outdoor Power Equipment are brands of Techtronic Industries, used under license from Ryobi Limited.

History

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The Ryobi Seisakusho Co., Ltd., was founded in Japan in 1943 and began selling die-cast products in 1944. In 1961, the company began manufacturing offset printing presses and was listed on the Tokyo Stock Exchange. Ryobi began production of power tools in 1968. The company's name changed in 1973 to Ryobi, Ltd.[4]

Ryobi operates 12 manufacturing facilities across six countries. In 1985, Ryobi launched die casting production in Shelbyville, Indiana, its only manufacturing location in the United States.[4][5] Ryobi signed an official partnership deal with German football team Hertha Berlin in 2014.[6] In 1991, Ryobi launched production in Carrickfergus, Northern Ireland.

Techtronic Industries (TTI) acquired Ryobi Limited's North American power tools business in August 2000.[4][7] In August 2001 TTI acquired Ryobi's European power tools business and in March 2002 TTI acquired two subsidiaries of Ryobi Limited, Ryobi Australia Pty. and Ryobi New Zealand Limited.[4][8]

In 2018, Ryobi transferred the rest of power tools business (Japan, Asia, Latin America, Middle East and Africa markets) to the Kyocera Group.[4]

U.S. operations

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Ryobi Die Casting (USA), Inc., is a Shelbyville, Indiana, manufacturer of products for the automobile industry.

Ryobi Finance Corp. is a financial-operations company of the Ryobi Group located in Chicago, Illinois.

References

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  1. ^ "Corporate Information". Ryobi Ltd. Retrieved October 18, 2016.
  2. ^ "Ryobi Annual Report ()2016)" (PDF). Ryobi Ltd. Retrieved October 18, 2016.
  3. ^ a b "Company Profile". Nikkei Asian Review. Nikkei Inc. Retrieved October 18, 2016.
  4. ^ a b c d e "History". Ryobi, Ltd. Retrieved December 14, 2023.
  5. ^ "USA - Ryobi to expand Indiana operation". Foundry-Planet Ltd. July 29, 2016. Retrieved October 18, 2016.
  6. ^ Dudley, George (July 6, 2016). "Ryobi extends partnership with Hertha Berlin". SportsPro. Retrieved October 18, 2016.
  7. ^ "Shareholders Unanimously Approved The Acquisition of Ryobi Confirm Leadership Position in North America Power Tool Market" (PDF). TechTronic Industries Company Limited. July 31, 2000. Retrieved December 14, 2023.
  8. ^ "TECHTRONIC Acquires RYOBI Power Tools Business in Australia & New Zealand" (PDF). TechTronic Industries Company Limited. March 3, 2002. Retrieved December 14, 2023.
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