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Timex Group USA, Inc. (formerly known as Timex Corporation) is an American global watch manufacturing company founded in 1854 as the Waterbury Clock Company in Waterbury, Connecticut. In 1944, the company became insolvent but was reformed into Timex Corporation. In 2008, the company was acquired by Timex Group B.V. and was renamed Timex Group USA.
The company met its greatest success in the 1890s, producing movements for popular dollar watches. Its fortunes declined after the First World War, and it removed from the city in 1944. It was renamed the United States Time Corporation that same year, [2] and is now known as the Timex Group. The Waterbury plant was eventually partitioned and ...
Timex Group B.V., or Timex Group, is an American - Dutch holding company headquartered in Hoofddorp, the Netherlands and Middlebury, Connecticut. [ citation needed ] It is the corporate parent of several global watchmaking companies including Timex Group USA, Inc. , [ 1 ] TMX Philippines, Inc., and Timex Group India Ltd.
TX watches were engineered in Pforzheim, Germany over a five-year period, to six sigma standards. [5] Movements were manufactured by the Timex Group in the Philippines and the watches were styled at the Timex Design Centre in Milan, Italy — formerly the Giorgio Galli Design Lab, which the Timex Group had purchased in 2007. [2]
An exception is Timex and Oris [5] [6] who in the 1960s produced fully jeweled pin-pallet watches. By 1980 inexpensive quartz watches took over the market for low-end watches which pin pallet watches had dominated, and production ceased. Quartz technology is gradually replacing the last uses of pin pallet movements in timers and alarm clocks.
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