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itw 04AR
The document is Illinois Tool Works' (ITW) 2004 annual report. It discusses how ITW grows its diversified manufacturing business through disciplined focus on growing base revenues, making profitable acquisitions, and improving operating margins. ITW employs around 49,000 people across 650 decentralized business units in 45 countries. The report provides details on ITW's financial performance in 2004 and discusses its strategies for revenue growth, including focus on key industries like construction and automotive, and acquisitions that expand its product offerings and geographic reach.
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