Mtd Products Ag - G.GVT- Profile

MTD Products AG, founded in 1946, is a manufacturer of motorised garden equipment. The company develops and produces a variety of gardening machines, including lawnmowers, lawn tractors and scarifiers. In addition, MTD manufactures grounds-maintenance vehicles (garden & commercial tractors, large-scale mowers, snow-removal machinery) and cleaning vehicles (mechanical sweepers, automatic wet cleaners). The company's products are sold either as brandname goods or as the private label brandnames of DIY retail distributors such as Obi, Stinnes and Hornbach. MTD's clients are amateur gardeners and professional users such as hotels, sports clubs, caretakers and lawn and garden maintenance services. The company has foreign subsidiaries in Italy and Austria. Garden-care systems accounted for 82% of fiscal 1999 revenues and spare parts and other, 18%.