RIDGE TOOL estimates a 7% increase on the power tools market

The turnover of Ridge Tool, the power tools division of the North-American group Emerson, reported by the Romanian subsidiary in the first six months of 2014 increased by 20% over the corresponding period in 2013, especially due to the demand in the oil & gas industry, and also for electrical installation sector and for construction. The company sells Ridgid brand power tools, the Romanian specific segment veing valued at 30 million euro in 2013. The power tools market is estimated to grow in 2014 by 6%-7%. Emerson Romania achieved a total turnover of 102.3 million euro in 2013, up by 46% over the previous year level.