Who We Are
ITW’s Automotive OEM segment designs and manufactures innovative fasteners, interior and exterior components, and powertrain and braking systems for OEMs and is a niche supplier of solutions to their top-tier suppliers. ITW’s automotive businesses have a high level of customer intimacy, enabling customer-back innovation to address complex needs such as vehicle efficiency, safety, and quality. Deep market knowledge and strong manufacturing process capabilities allow ITW’s automotive businesses to be nimble, niche problem solvers for their sophisticated customers.
2017 Operating Margin
(Granted and Pending)
OUR DIFFERENTIATED BUSINESS MODEL IS OUR COMPETITIVE ADVANTAGE
ITW’s key differentiator – our secret sauce – is the ITW Business Model. It is the powerful combination of a set of strategic, operational, and cultural practices that we apply to every ITW business, and that has been in existence inside the company for over 30 years. It is the value-add for being part of ITW.
Starting with the right “raw material” (industries that have a great fit with our business model) and driving excellence in the practice of the Business Model everywhere in the company, every day, is how we maximize ITW’s ability to deliver Differentiated Performance over the long term.
Our Business Model is Comprised of Three Elements
Our 80/20 Front to Back Process - How We Operate
Our Customer-Back Innovation Approach – HOW WE INNOVATE
Our Decentralized, Entrepreneurial Culture – HOW WE EXECUTE
ITW Automotive OEM business units operates under the Illinois Tool Works, Inc. banner. Our organization is alive with spirit and consistently producing innovative, new solutions, while retaining a decentralized, highly focused management style to most effectively serve our market.
Founded in 1912, ITW (NYSE: ITW) is a global industrial company centered on a differentiated and proprietary business model. The company’s seven industry-leading segments leverage the ITW Business Model to generate solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 50,000 dedicated colleagues around the world thrive in our decentralized, entrepreneurial culture. In 2017, the company achieved revenues of $14.3 billion, with roughly half coming from outside North America. To learn more, please visit www.itw.com.