Illinois Tool Works Inc. (NYSE: ITW), 2010 annual report's theme is "Innovation knows no boundaries." For nearly 100 years, innovation has been, and continues to be at the foundation of ITW's core, and at the heart of both ITW Thermal Films' success and ITW's as a whole. It's why year-after-year, we continue to deliver value to our customers around the globe, and why the power of ITW's diversification will continue to drive our growth in the future.
The impact of ITW's innovation can be seen and felt around the world, and has allowed us to "expand our global footprint," and "deliver the solutions that our customers expect." ITW's commitment to "bringing innovative products to the world's fastest growing regions - as well as established, competitive markets," is why in 2010:
- ITW is one of the top 100 companies for new U.S. patents
- ITW has increased its investment in research and development by 11 percent
- ITW generated $15.9 billion in revenue (a 14.4 percent increase over 2009)
- ITW achieved organic growth of 11 percent
ITW Thermal Films is proud to be a part of this innovative thinking and forward looking corporation that "continues to develop new platforms," and "invest in research and development that nurtures new innovations." It's because of this heritage, that we remain at the forefront of offering our customers industry leading market solutions, quality PrintheadSaver® thermal transfer ribbon products, and value-added product initiatives like our Extreme Solutions™.
As you know, the thermal transfer ribbon industry continues to be faced with capacity and utilization issues in the global supply of PET, coupled with raw material price increases. Now more than ever, delivering innovative technological solutions that meet the growing demands of the marketplace is critical to our mutual success. It is why, no matter how good or challenging the economy may be, ITW's depth, breadth and commitment to innovation will allow us to meet these growing demands, create a sustainable advantage for our valued industry partners, develop superior solutions, and focus on customer partnerships that foster growth.
To download a copy of Illinois Tool Works Inc. 2010 Annual Report, please click here.
If you would like to receive a hard copy of the report, click here.
Sincerely,
Pete Gallette
General Manager
ITW Thermal Films - The Americas