Illinois Tool Works

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Illinois Tool Works
Type Public company
Traded as NYSEITW
S&P 500 Component
Industry Manufacturing
Founded 1912
Founder(s) Byron L. Smith
Headquarters Glenview, Illinois, United States
Area served Worldwide
Key people E. Scott Santi
Chairman and CEO
Revenue IncreaseUS$15.9B (FY 2010)[1]
Operating income IncreaseUS$2.36B (FY 2010)[1]
Net income IncreaseUS$1.53B (FY 2010)[1]
Total assets IncreaseUS$16.3B (FY 2010)[2]
Total equity IncreaseUS$9.37B (FY 2010)[2]
Employees 59,000 (2010)
Website ITW.com

Illinois Tool Works Inc. or ITW is a Fortune 200 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith.

Today, it employs nearly 65,000 people in hundreds of businesses across 58 countries,[3] and is based in Glenview, Illinois, a suburb of Chicago, Illinois.

In 2011, ITW had more than 20,000 unexpired patents and pending patent applications worldwide, including 2,900 U.S. patents and 1,116 pending U.S. applications.[citation needed] The company typically ranks in the top 100 of patent issuers in the U.S.[citation needed] It is ranked 414 on the Forbes Global 2,000.

Contents

[edit] Environmental record

Illinois Tool Works Ring carriers produce about 47% less emissions released into the atmosphere than paperboard cartons and about 36% less than shrink-film 6-pack packages.[4] From taking a look at their activities, environmental coordinators were able to have certain products reformulated to less environmentally damaging products. Also, certain processes were amended to have a reduced environmental impact.The company took another look at the possibilities of reducing and recycling waste, maximizing the efficient use of natural resources, and delivering environmental awareness training to the whole of the work force. This last activity led to the creation of an Environmental Team comprising seven volunteers from the workforce to further environmental improvements and in March 2004 the Company received Green Dragon Level 5 Standard. The Political Economy Research Institute ranks ITW 100th among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (0.9 million pounds in 2005) and toxicity of the emissions.[5]

[edit] Illegal exports

The United States Department of Commerce imposed a $142,000 civil penalty on Illinois Tool Works in 2000, to settle allegations that the company illegally exported chemicals to Brazil on seven occasions between March 1994 and October 1997 without the required licenses and making false or misleading statements on Shipper's Export Declarations. Illinois Tool Works agreed to pay the penalty. $37,000 was suspended as part of the settlement. The chemicals exported can be used for commercial purposes and in the making of chemical weapons as well.[6]

[edit] ITW companies

ITW comprises a number of companies and divisions. Notable brands include Miller Electric, DUO-FAST fasteners, the Space Bag company, Foster Refrigerator,[7] and the Wolf Range Company.

The following is a list of ITW companies:

  • ITW Chemin[8]
  • ACME Packaging Systems
  • ITW Alma
  • American Safety Technologies
  • ITW Amp
  • Anaerobicos do Brasil[9]
  • ITW Angleboard
  • ITW Appliance Europe
  • ITW Auto-Sleeve
  • ITW Automotive Group
  • ITW Automotive Products
  • Avery Weigh-Tronix[10]
  • ITW Balance Engineering
  • Bates Cargo-Pak[11]
  • ITW Bee Leitzke
  • Bernard
  • ITW BCG Equipment[12]
  • ITW BGK
  • ITW Binks[13]
  • ITW Brands
  • Brooks Instrument[14]
  • ITW Buildex
  • ITW Building Components Group[15]
  • Alpine Engineered Products[16]
  • ITW California Industrial Products[17]
  • ITW CargoSafe
  • ITW Chemical Products Scandinavia
  • ITW Chemical Products LTDA - Brazil[18]
  • ITW Chemtronics
  • ITW Chronomatic
  • ITW ChronoTherm
  • Click Commerce
  • ITW Coding Products
  • ITW Compular
  • Colged
  • Crane Carrier Corporation[19]
  • Cyclone Industries Pty Ltd
  • ITW Dacro
  • Dahti[20]
  • ITW Decorating Co
  • ITW Delpro
  • ITW Deltar
  • ITW Devcon[21]
  • Densit ApS
  • ITW DeVilbiss[22]
  • Despatch Industries
  • Diagraph
  • Diagraph MSP
  • Down River[23]
  • ITW Drawform
  • DUO-FAST
  • Elettrobar
  • ITW Dykem/Dymon
  • ITW Dynatec
  • EH Wachs[24]
  • Electro Static Technology
  • Electrocal
  • ITW Electronic Component Packaging Systems (ECPS)
  • ITW Elettrogibi
  • Eltex Elektrostatik GmbH
  • ITW Envopak
  • ITW Erg Components
  • ITW Fastex - Distribution Business
  • ITW Fastex France
  • ITW Fastex New Zealand
  • ITW Fibre Glass-Evercoat
  • ITW Filtertek[25]
  • ITW Fuel Products
  • ITW Foamseal[26]
  • ITW Foils USA[27]
  • ITW Foils Europe[28]
  • ITW Foils Plastics & Securities
  • ITW Formex
  • Foster Refrigerator of Canada
  • Foster Refrigerator UK[7]
  • FoxJet
  • Fleetwood/Signode
  • Gamko Holding BV
  • ITW Gema
  • ITW Gema AG
  • ITW Global PDC
  • ITW Global Brands
  • ITW Heartland[29]
  • ITW Heartland Standard Machines Division
  • ITW Heller GmbH
  • ITW Herbert Static Control
  • ITW Hi-Cone
  • ITW Highland
  • Hobart
  • Hobart Brothers
  • Hobart GmbH
  • ITW Holographics
  • Houchin Aerospace
  • Hycote
  • I.KELA Company
  • ITW Imtran
  • Inatec GmbH
  • Insta-Bulk
  • Instron
  • ITW Industrial Components
  • ITW Insulation Systems
  • ITW Ispracontrols
  • James Briggs
  • ITW Jemco
  • ITW Jetline Engineering
  • KaiRak
  • Kiwiplan
  • ITW Laminations
  • ITW Linx
  • Loma Systems
  • ITW Loveshaw
  • Loveshaw Europe
  • LPS Laboratories[30]
  • ITW Magna
  • Magnaflux
  • ITW McMurdo
  • Meyercord Revenue
  • Meyercord Tax Stamping Equipment[31]
  • Mezger Heftsysteme GmbH[32]
  • Midwest Industrial Packaging, Inc.
  • ITW Military GSE[33]
  • ITW Miller
  • ITW Mima
  • ITW MIma Packaging Systems[34]
  • Minigrip
  • Mollart Universal Joints
  • Mumm Products
  • National Service Center (NSC)
  • ITW Nexus
  • NorthStar Imaging, INC.
  • ITW Norwood Marking Systems
  • ITW NOVADAN Group
  • ORGAPACK
  • ITW Packaging Brands
  • ITW Paktron
  • ITW Pancon
  • ITW Paslode
  • Paxton Products
  • ITW Performance Polymers
  • ITW Performance Polymers Consumer Division
  • Permatex[35]
  • ITW Philadelphia Resins
  • Penta-91
  • Penta-91[36]
  • Pillar Technologies
  • ITW Plastic Packaging Systems
  • ITW Plastiglide
  • ITW Plexus[37]
  • ITW Polymer Castings
  • ITW Polymers & Fluids
  • PRO/MARK
  • ITW Produx
  • ITW Proline
  • QSA Global Inc.[38]
  • Quipp Systems[39]
  • PTO Sales Corporation[40]
  • ITW Ramset/Red Head
  • ITW Ransburg
  • ITW Reddi-Pac
  • ITW Richmond Technology
  • ITW Ride Quality Products
  • ITW Rippey
  • ITW Reyflex[41]
  • ITW ROCOL North America[42]
  • ITW ROCOL[43]
  • ITW Shakeproof Assembly Components
  • ITW Shippers Products
  • ITW Signode
  • ITW Simco[44]
  • ITW Simco Static Control and Cleanroom Products
  • Six States Distributors, Inc.[45]
  • Smith Equipment
  • ITW Southland
  • Space Bag
  • Spartan Computer Services
  • ITW Spiroid
  • SPIT
  • ITW SPRAYTEC (France)
  • H. A. SPRINGER GmbH
  • Stockvis Tapes
  • Strapex
  • ITW Stretch Packaging Systems
  • ITW Switches
  • ITW Switches (UK)
  • ITW TACC[46]
  • Technographics
  • ITW TECHFLOW
  • ITW Technology Center
  • ITW TechSpray
  • ITW TekFast
  • Tempil
  • The Texwipe Company[47]
  • ITW Thermal Films
  • ITW Trans Tech America
  • Traulsen
  • Tregaskiss Welding Products
  • Trident
  • TRIMARK
  • Truck Parts Specialist
  • ITW Truswal
  • Unipac
  • ITW United Silicone[48]
  • Valeron Strength Films
  • VENETA DECALCOGOMME
  • VersaChem Chile[49]
  • Vitronics Soltec
  • ITW Vortec
  • Vulcan-Hart
  • Wachs Subsea, LLC.[50]
  • Welding Industries of Australia
  • Weldwell New Zealand
  • Wilsonart International
  • Wolf Range Company
  • ITW Workholding[51]
  • Zip-Pak

[edit] References

  1. ^ a b c Illinois Tool Works (ITW) annual SEC income statement filing via Wikinvest.
  2. ^ a b llinois Tool Works (ITW) annual SEC balance sheet filing via Wikinvest.
  3. ^ "International business corporation with advanced industrial technology". ITW. http://www.itw.com/itw/this_is_itw. Retrieved 2012-09-23.
  4. ^ ITW Hi-Cone: FAQ About Our Photodegradable & Recyclable Plastic Carriers
  5. ^ PERI - Political Economy Research Institute: Toxic 100 Table
  6. ^ "U. S. Bureau of Industry and Security - Illinois Company Settles Charges of Unlawful Exports of Chemicals". Bis.doc.gov. 2000-05-02. http://www.bis.doc.gov/news/archive2000/illinoistoolworks.htm. Retrieved 2012-09-23.
  7. ^ a b "Commercial Refrigeration Equipment | Commercial Fridges and Freezers". Foster Refrigerator. http://www.fosterrefrigerator.co.uk. Retrieved 2012-09-23.
  8. ^ "Specialty Chemicals, Lubricants and Equipment Manufacturers". ITW Chemin. http://www.itwchemin.com/. Retrieved 2012-09-23.
  9. ^ "ITW Acquires Anaerobicos". Itwperformers.com. http://www.itwperformers.com/page272.html. Retrieved 2012-09-23.
  10. ^ "Innovative Global Weighing Solutions". Avery Weigh Tronix. http://www.averyweigh-tronix.com/. Retrieved 2012-09-23.
  11. ^ kio (2012-09-17). "Dunnage bags for cargo protection - we deliver high quality dunnage bags for cargo protection". Bates-cargopak.com. http://www.bates-cargopak.com/. Retrieved 2012-09-23.
  12. ^ "Welcome to the Alpine Equipment Division". Alpineequip.com. http://www.alpineequip.com/. Retrieved 2012-09-23.
  13. ^ "Binks Spray Finishing Equipment". Binks.com. http://www.binks.com/. Retrieved 2012-09-23.
  14. ^ "Flow Meter, Coriolis Mass Flow, Thermal Mass Flow, and Flow Control Solutions". Brooks Instrument. http://www.brooksinstrument.com/. Retrieved 2012-09-23.
  15. ^ "ITW Building Components Group". Itwbcg.com. http://www.itwbcg.com/. Retrieved 2012-09-23.
  16. ^ "Welcome to Alpine Engineered Products". Alpeng.com. http://www.alpeng.com/. Retrieved 2012-09-23.
  17. ^ "Global Automotive Fasteners". Itw Cip. 2012-03-01. http://www.itwcip.com. Retrieved 2012-09-23.
  18. ^ Ruddi Saad. "Produtos de Alta Tecnologia". ITW Chemical. http://www.itwchemical.com.br. Retrieved 2012-09-23.
  19. ^ "Illinois company acquires Crane Carrier". Tulsa World. 2008-09-16. http://www.tulsaworld.com/business/article.aspx?articleID=20080916_46_E1_hThelo344455. Retrieved 2012-09-23.
  20. ^ "Suspension Seating | Support Seating Manufacturers". Dahti. http://www.dahti.com/. Retrieved 2012-09-23.
  21. ^ "acrylic, acrylic adhesive, adhesive, adhesive and sealants, adhesive applicator". Devcon. http://www.devcon.com/. Retrieved 2012-09-23.
  22. ^ "Welcome to DeVilbiss". Devilbiss.com. http://www.devilbiss.com/. Retrieved 2012-09-23.
  23. ^ "Load Securement Dunnage Air Bags, Brace & Stack Components - Down River Load Securement Innovations". Godunnage.com. http://www.godunnage.com/. Retrieved 2012-09-23.
  24. ^ "Pipe Cutting and Beveling, Water and Natural Gas, Offshore and Subsea Solutions, and Engineered Products, Systems, and Solutions | E.H.Wachs® - A Division of ITW". Ehwachs.com. 2012-03-22. http://www.ehwachs.com/. Retrieved 2012-09-23.
  25. ^ "Filtertek + The World's Innovator in Filter Technology". Filtertek.com. http://www.filtertek.com/english/. Retrieved 2012-09-23.
  26. ^ http://www.itwtacc.com/foamseal/default.htm
  27. ^ "technically superior foils, films and laminates - ITW Design Center". ITW Foils. http://www.itwfoils.com/. Retrieved 2012-09-23.
  28. ^ "Home". Itwfoils.eu. http://www.itwfoils.eu/. Retrieved 2012-09-23.
  29. ^ "Precision Manufacturing, Spiroid Gearing, Gear Machines". ITW Heartland. 2012-06-21. http://www.itwheartland.com. Retrieved 2012-09-23.
  30. ^ "MRO Solutions, Lubricants, Greases, Degreasers & Cleaners". LPS Labs. http://www.lpslabs.com/. Retrieved 2012-09-23.
  31. ^ "Meyercord Tax Stamping Equipment". Meyercordequipment.com. http://www.meyercordequipment.com/. Retrieved 2012-09-23.
  32. ^ "Mezger Heftsysteme". Mezger.eu. http://www.mezger.eu. Retrieved 2012-09-23.
  33. ^ http://www://itwmilitarygse.com
  34. ^ "Packaging - Wrapping - Emballage – Verpackung – Embalaje : Films – Folien + Machines – Maschinen - Maquinas". Itwmima.eu. http://www.itwmima.eu/. Retrieved 2012-09-23.
  35. ^ "Adhesive & Sealant Solutions...Made for the Professional". Permatex. http://www.permatex.com. Retrieved 2012-09-23.
  36. ^ Penta. "Penta. Silicones". Penta-91.com. http://www.penta-91.com. Retrieved 2012-09-23.
  37. ^ "Plexus - Structural Adhesives". Itwplexus.com. http://www.itwplexus.com. Retrieved 2012-09-23.
  38. ^ "Sealed Sources, Industrial Sources, Medical Sources, Oil Well Logging Sources, NDT". QSA Global. 2012-05-25. http://www.qsa-global.com. Retrieved 2012-09-23.
  39. ^ "Quipp Systems". Quipp.com. http://www.quipp.com. Retrieved 2012-09-23.
  40. ^ "ILLINOIS TOOL WORKS INC - 10-K - 20100226 - EXHIBIT_21". Yahoo.brand.edgar-online.com. http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=7083211-381226-481798&SessionID=AaqjHHHAD_DPiP7. Retrieved 2012-09-23.
  41. ^ "Reyflex". Reyflex. http://www.reyflex.com. Retrieved 2012-09-23.
  42. ^ "Metalworking coolants, Lubricants, and Oils - ITW ROCOL North America - Global Metalworking Fluid Solutions". Rocolnorthamerica.com. http://www.rocolnorthamerica.com. Retrieved 2012-09-23.
  43. ^ "Industrial Lubricants, Cutting Fluids & Line Marking Systems". ROCOL. 2012-09-19. http://www.rocol.com. Retrieved 2012-09-23.
  44. ^ Simco (Nederland) BV
  45. ^ "Six States Distributors". Sixstates.com. http://www.sixstates.com/. Retrieved 2012-09-23.
  46. ^ "Construction Adhesive, Pressure Sensitive Adhesives". Itw Tacc. http://www.itwtacc.com/. Retrieved 2012-09-23.
  47. ^ "Texwipe, the world leader in cleanroom wipes and consumable products". Texwipe.com. http://www.texwipe.com/. Retrieved 2012-09-23.
  48. ^ "Product Decorating, Identification and Marking". United Silicone. http://www.unitedsilicone.com/. Retrieved 2012-09-23.
  49. ^ "Versachem - Tecnología a su servicio". Itwversachem.cl. http://www.itwversachem.cl. Retrieved 2012-09-23.
  50. ^ "Subsea Pipeline and Platform Repair and Deep Subsea Salvage | Wachs Subsea®". Wachssubsea.com. http://www.wachssubsea.com/. Retrieved 2012-09-23.
  51. ^ "ITW Workholding". ITW Workholding. http://www.itwworkholding.com. Retrieved 2012-09-23.

[edit] External links