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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.
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]
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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.
Rolex watches are incredibly pricey, but if you still want one, there are more affordable options on the market. Here are 10 of the cheapest Rolex watches out there.