About Textron Fastening Systems
01 Dec 2005
Textron
Fastening Systems, a $1.9-billion business unit of Textron
Inc. (NYSE: TXT), is a leading global provider of value-based
fastening solutions, including engineered fastening systems,
state-of-the-art assembly technology, and inventory management
and application engineering services. Its global products
and services include a broad array of threaded fasteners,
blind fastening systems, cold-formed components, installation
tools, automated assembly systems and solutions, applications
engineering, and full-service-provider fastener management
services.
Global Headquarters: Michigan, USA
Employees: About 10,000 globally - with more than
half based outside the US.
Locations: More than 40 operating facilities in
17 countries serving customers in over 150 countries.
Key Markets: Automotive, aerospace, construction,
industrial, electronics, telecommunications, and non-automotive
transportation.
History: Textron Fastening Systems was formed in
1995 with the merger of five Textron fastening companies
to create a global fastener group that immediately became
one of the world''s largest producers of engineered fastening
products and solutions.
2004 Sales: $1.9 billion, or approximately 19% of Textron''s
total 2004 revenues.
|
Sales
by Industry in 2004
|
|
|
Automotive
|
56
per cent
|
|
Industrial,
Electronics and Construction
|
18
per cent
|
|
MRO
|
16
per cent
|
|
Non-Automotive
Transportation
|
7
per cent
|
|
Aerospace
|
3
per cent
|
|
Sales
by Product Line in 2004
|
|
|
Standard
Threaded
|
43
per cent
|
|
Engineered
Components
|
24
per cent
|
|
Engineered
Threaded
|
17
per cent
|
|
Blind
Fasteners
|
11
per cent
|
|
Stampings
|
3
per cent
|
|
Installation
Systems
|
2
per cent
|
|
Sales
by Geographic Region in 2004
|
|
|
United
States
|
47
per cent
|
|
Europe
|
40
per cent
|
|
Asia
Pacific
|
6
per cent
|
|
Latin
America - Mexico
|
4
per cent
|
|
Canada
|
3
per cent
|
