Illinois Tool Works Inc - Company Profile
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Business Description
Illinois Tool Works Inc (ITW) is a manufacturer of industrial products and equipment. The company offers its solutions to automotive original equipment manufacturers, tire markets, electronics, general industrial, industrial capital goods, consumer durable markets, food institutional and restaurant, food service, food retail markets, automotive aftermarket, general industries and construction, printing and publishing, and industrial capital goods markets. The company markets its products directly to industrial manufacturers and through independent distributors.
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R&D Overview
The company focuses on developing new products, improving and developing new methods, processes and equipment, and broadening the application of existing products. As of December 31, 2022, the company owned approximately 3,900 patents in the US, 9,600 patents in other countries, 1,400 patent applications pending in the US patent office and 4,300 pending patent applications in overseas. In FY2022, ITW spent US$269 million on R&D, which accounted for 1.7% of the company’s revenue.
Business Segments
- Automotive OEM
- Construction Products
- Food Equipment
- Polymers & Fluids
- Specialty Products
- Test & Measurement and Electronics
- Welding
Overview
Manufactures components, and fasteners for automotive-related applications. Serves as a global, niche supplier to top tier OEMs. Key product offerings include fasteners and assemblies, plastic and metal components. Serves mainly automotive OEMs, automobiles and tiers market.
Performance
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Overview
Supplies engineered fastening systems and solutions. Key offerings include fasteners and related fastening tools, anchors, packaged hardware, and metal plate truss components. Serves the residential construction, renovation/remodel and commercial construction markets.
Performance
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Overview
Manufactures and provides commercial food equipment and related services. Key offerings include washing equipment; cooking equipment; refrigeration equipment; food processing equipment; kitchen exhaust, ventilation and pollution control systems; and food equipment service, maintenance and repair. Primarily serves foodservice, food institutional/restaurant and food retail markets.
Performance
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Overview
Manufactures a diverse range of industrial and engineered adhesives, lubrication and cutting fluids, sealants, and fluids and polymers. Product offerings include chemical fluids, adhesives, fillers and putties, polyester coatings and hand wipes and cleaners. Serves automotive aftermarket, general industrial, MRO and construction markets.
Performance
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Overview
Focuses on diversified niche market opportunities with substantial patent protection producing beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. Key offerings include plastic consumables, plastic and metal fasteners, airport ground support equipment, foil, film and related equipment, line integration, conveyor systems and line automation products. Mainly serves the food and beverage, consumer durables, general industrial, printing and publishing and industrial capital goods markets.
Performance
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Overview
Manufactures equipment, consumables, and related software for testing and measuring materials and structures, and equipment and consumables used in the production of electronic subassemblies and microelectronics. Also, offers maintenance and repair services. Key offerings include equipment, consumables, and related software for testing and measuring of materials, gases, structures and fluids; electronic assembly equipment; electronic components and component packaging; static control equipment and consumables used for contamination control in clean room environments; and pressure sensitive adhesives and components for medical, electronics, telecommunications and transportation applications.
Performance
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Overview
Produces arc welding equipment, consumables, and accessories for various industrial and commercial applications. Key offerings include arc welding equipment; metal arc welding consumables; and metal jacketing and other insulation products. Serves general industrial markets including fabrication, shipbuilding and other general industrial markets and energy, construction, MRO, and industrial capital goods markets.
Performance
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Geographical Segments
Performance
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Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
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