public company traded as nyse itw s & p 500 component industry manufacturing founded 1912 founder byron l. smith headquarters glenview illinois united states area served worldwide key people e. scott santi chairman and ceo revenue us 14.5 b fy 2014 1 operating income us 2.95 b fy 2014 1 net income us 2.95 b fy 2014 1 total assets us 17.7 b fy 2014 2 total equity us 6.82 b fy 2014 2 number of employees 59 000 2010 website itw.com illinois tool works inc. or itw is an american fortune 500 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 48 000 people in hundreds of businesses across 57 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 1 environmental record 2 illegal exports 3 itw companies 4 see also 5 references 6 external links environmental record edit this section may be unbalanced towards certain viewpoints . please improve the article by adding information on neglected viewpoints or discuss the issue on the talk page . january 2010 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 edit 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 edit itw comprises a number of companies and divisions . notable brands include miller electric duo fast fasteners foster refrigerator 7 and the wolf range company . the following is a list of itw companies itw chemin 8 acme packaging systems itw alma alpine opto diode corp. american safety technologies itw amp anaerobicos do brasil 9 itw angleboard itw appliance europe itw ark les 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 buehler 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 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 gaylord industries itw gema itw gema ag itw global pdc itw global brands itw global tire repair 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 imagedata itw imtran inatec gmbh insta bulk instron itw industrial components itw insulation systems itw ispracontrols james briggs itw jemco itw jetline engineering kairak kester kiwiplan itw laminations itw linx loma systems itw loveshaw loveshaw europe lps laboratories 30 itw lys fusion m & c specialties 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 penta 91 penta 91 37 pillar technologies itw plastic packaging systems itw plastiglide itw plexus 38 itw polymer castings itw polyspec thiokol 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 spartan computer services itw spiroid spit sporting id 47 itw spraytec france h. a. springer gmbh stokvis tapes strapex itw stretch packaging systems itw switches itw switches uk itw tacc 48 technographics itw techflow itw technology center itw techspray itw tekfast terra s the texwipe company 49 itw thermal films itw trans tech america traulsen tregaskiss welding products trident trimark truck parts specialist itw truswal unipac itw united silicone 50 valeron strength films veneta decalcogomme versachem chile 51 vitronics soltec itw vortec vulcan hart wachs subsea llc . 52 itw warehouse automation 53 welding industries of australia weldwell new zealand wilsonart international holdings llc 54 wolf range company itw workholding 55 wynn s 56 zip pak see also edit list of companies of the united states i references edit a b c illinois tool works itw annual sec income statement filing via wikinvest . a b illinois tool works itw annual sec balance sheet filing via wikinvest . itw website . itw . retrieved 2016 08 04 . itw hi cone faq about our photodegradable & recyclable plastic carriers peri political economy research institute toxic 100 table u. s. bureau of industry and security illinois company settles charges of unlawful exports of chemicals . bis.doc.gov . 2000 05 02 . archived from the original on march 20 2012 . retrieved 2012 09 23 . a b commercial refrigeration equipment commercial fridges and freezers . foster refrigerator . retrieved 2012 09 23 . specialty chemicals lubricants and equipment manufacturers . itw chemin . retrieved 2012 09 23 . itw acquires anaerobicos . itwperformers.com . retrieved 2012 09 23 . innovative global weighing solutions . avery weigh tronix . retrieved 2012 09 23 . kio 2012 09 17 . dunnage bags for cargo protection we deliver high quality dunnage bags for cargo protection . bates cargopak.com . retrieved 2012 09 23 . welcome to the alpine equipment division . alpineequip.com . retrieved 2012 09 23 . binks spray finishing equipment . binks.com . retrieved 2012 09 23 . flow meter coriolis mass flow thermal mass flow and flow control solutions . brooks instrument . retrieved 2012 09 23 . itw building components group . itwbcg.com . retrieved 2012 09 23 . welcome to alpine engineered products . alpeng.com . retrieved 2012 09 23 . global automotive fasteners . itw cip . 2012 03 01 . retrieved 2012 09 23 . ruddi saad . produtos de alta tecnologia . itw chemical . retrieved 2012 09 23 . illinois company acquires crane carrier . tulsa world . 2008 09 16 . retrieved 2012 09 23 . suspension seating support seating manufacturers . dahti . retrieved 2012 09 23 . acrylic acrylic adhesive adhesive adhesive and sealants adhesive applicator . devcon . retrieved 2012 09 23 . welcome to devilbiss . devilbiss.com . retrieved 2012 09 23 . load securement dunnage air bags brace & stack components down river load securement innovations . godunnage.com . retrieved 2012 09 23 . 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 . retrieved 2012 09 23 . filtertek the world s innovator in filter technology . filtertek.com . retrieved 2012 09 23 . http www.itwtacc.com foamseal default.htm technically superior foils films and laminates itw design center . itw foils . retrieved 2012 09 23 . home . itwfoils.eu . retrieved 2012 09 23 . precision manufacturing spiroid gearing gear machines . itw heartland . 2012 06 21 . retrieved 2012 09 23 . mro solutions lubricants greases degreasers & cleaners . lps labs . retrieved 2012 09 23 . mcspecialties.com http www.mcspecialties.com page 28 . retrieved 8 september 2016 . missing or empty title help meyercord tax stamping equipment . meyercordequipment.com . retrieved 2012 09 23 . mezger heftsysteme . mezger.eu . retrieved 2012 09 23 . itw military gse . itw military gse . retrieved 13 january 2013 . packaging wrapping emballage verpackung embalaje films folien machines maschinen maquinas . itwmima.eu . retrieved 2012 09 23 . adhesive & sealant solutions ... made for the professional . permatex . retrieved 2012 09 23 . penta . penta . silicones . penta 91 . com . retrieved 2012 09 23 . plexus structural adhesives . itwplexus.com . retrieved 2012 09 23 . sealed sources industrial sources medical sources oil well logging sources ndt . qsa global . 2012 05 25 . retrieved 2012 09 23 . quipp systems . quipp.com . retrieved 2012 09 23 . illinois tool works inc 10 k 20100226 exhibit 21 . yahoo.brand.edgar online.com . retrieved 2012 09 23 . reyflex . reyflex . retrieved 2012 09 23 . metalworking coolants lubricants and oils itw rocol north america global metalworking fluid solutions . rocolnorthamerica.com . retrieved 2012 09 23 . industrial lubricants cutting fluids & line marking systems . rocol . 2012 09 19 . retrieved 2012 09 23 . simco nederland bv six states distributors . sixstates.com . retrieved 2012 09 23 . http www.sporting id.com about us about itw.html construction adhesive pressure sensitive adhesives . itw tacc . retrieved 2012 09 23 . texwipe the world leader in cleanroom wipes and consumable products . texwipe.com . retrieved 2012 09 23 . product decorating identification and marking . united silicone . retrieved 2012 09 23 . versachem tecnolog a a su servicio . itwversachem.cl . retrieved 2012 09 23 . subsea pipeline and platform repair and deep subsea salvage wachs subsea . wachssubsea.com . retrieved 2012 09 23 . itwwa . cd & r to become majority owner of new freestanding wilsonart international ; itw to retain ongoing ownership stake