Illinois Tool Works

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Illinois Tool Works
TypePublic company
Traded asNYSEITW
S&P 500 Component
IndustryManufacturing
Founded1912
Founder(s)Byron L. Smith
HeadquartersGlenview, Illinois, US
Area servedWorldwide
Key peopleDavid B. Speer
Chairman and CEO
RevenueIncreaseUS$15.9B (FY 2010)[1]
Operating incomeIncreaseUS$2.36B (FY 2010)[1]
Net incomeIncreaseUS$1.53B (FY 2010)[1]
Total assetsIncreaseUS$16.3B (FY 2010)[2]
Total equityIncreaseUS$9.37B (FY 2010)[2]
Employees59,000 (2010)
WebsiteITW.com
 
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Illinois Tool Works
TypePublic company
Traded asNYSEITW
S&P 500 Component
IndustryManufacturing
Founded1912
Founder(s)Byron L. Smith
HeadquartersGlenview, Illinois, US
Area servedWorldwide
Key peopleDavid B. Speer
Chairman and CEO
RevenueIncreaseUS$15.9B (FY 2010)[1]
Operating incomeIncreaseUS$2.36B (FY 2010)[1]
Net incomeIncreaseUS$1.53B (FY 2010)[1]
Total assetsIncreaseUS$16.3B (FY 2010)[2]
Total equityIncreaseUS$9.37B (FY 2010)[2]
Employees59,000 (2010)
WebsiteITW.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

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]

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]

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[29]
  • FoxJet
  • Fleetwood/Signode
  • Gamko Holding BV
  • ITW Gema
  • ITW Gema AG
  • ITW Global PDC
  • ITW Heartland[30]
  • 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[31]
  • ITW Magna
  • Magnaflux
  • ITW McMurdo
  • Meyercord Revenue
  • Meyercord Tax Stamping Equipment[32]
  • Mezger Heftsysteme GmbH[33]
  • Midwest Industrial Packaging, Inc.
  • ITW Military GSE[34]
  • ITW Miller
  • ITW Mima
  • ITW MIma Packaging Systems[35]
  • 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[36]
  • ITW Philadelphia Resins
  • Penta-91
  • Penta-91[37]
  • Pillar Technologies
  • ITW Plastic Packaging Systems
  • ITW Plastiglide
  • ITW Plexus[38]
  • ITW Polymer Castings
  • ITW Polymers & Fluids
  • PRO/MARK
  • ITW Produx
  • ITW Proline
  • QSA Global Inc.[39]
  • Quipp Systems[40]
  • PTO Sales Corporation[41]
  • ITW Ramset/Red Head
  • ITW Ransburg
  • ITW Reddi-Pac
  • ITW Richmond Technology
  • ITW Ride Quality Products
  • ITW Rippey
  • ITW Reyflex[42]
  • ITW ROCOL North America[43]
  • ITW ROCOL[44]
  • ITW Shakeproof Assembly Components
  • ITW Shippers Products
  • ITW Signode
  • ITW Simco[45]
  • ITW Simco Static Control and Cleanroom Products
  • Six States Distributors, Inc.[46]
  • 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[47]
  • Technographics
  • ITW TECHFLOW
  • ITW Technology Center
  • ITW TechSpray
  • ITW TekFast
  • Tempil
  • The Texwipe Company[48]
  • ITW Thermal Films
  • ITW Trans Tech America
  • Traulsen
  • Tregaskiss Welding Products
  • Trident
  • TRIMARK
  • Truck Parts Specialist
  • ITW Truswal
  • Unipac
  • ITW United Silicone[49]
  • Valeron Strength Films
  • VENETA DECALCOGOMME
  • VersaChem Chile[50]
  • Vitronics Soltec
  • ITW Vortec
  • Vulcan-Hart
  • Wachs Subsea, LLC.[51]
  • Welding Industries of Australia
  • Weldwell New Zealand
  • Wilsonart International
  • Wolf Range Company
  • ITW Workholding[52]
  • Zip-Pak

References

External links