Emerson 2009 Annual Report Download - page 6

Emerson 20094
S-series platform with “I/O on Demand” gives customers unparalleled adaptability to implement
and update complex process control systems. We are also introducing signicant new ways to apply
wireless technology to process monitoring and control.
We continue to , generating 55 percent of revenue outside the United States
in 2009. We launched new shared services, engineering and technology centers in China, Japan, the
Middle East and Mexico. We are making substantial infrastructure investments in emerging markets,
which are expected to lead the global recovery. Our sales in emerging markets now represent
32 percent of total revenue. We are well positioned for signicant growth in emerging markets,
with a near-term goal of 40 percent of total revenue in these key growth markets.
We constantly drive , in good times and bad. In this recession we have made
difcult decisions to close and consolidate facilities, eliminate marginal products and redundancies,
and increase production in best-cost regions that are close to customers. This focus on protable
returns on our investments is key to Emerson’s ability to compete globally. In 2009, we signicantly
reduced inventory levels by about $500 million and aggressively repositioned assets in anticipation
of the megatrends that will drive growth in the world economy. During the past year we spent
$295 million on restructuring efforts that impacted approximately 25 facilities. This will further
our best-cost, balanced geographical positioning.
Addressing the world’s resource and energy needs head on
Perhaps no issue is more critical to the world than energy. Our future depends on more efcient
use of existing energy sources and on accelerating the availability and viability of new, renewable
sources. Emerson’s solutions address these challenges, which are shaping the future in all of our
business segments.
We envision that  can become a $3 billion sales opportunity
over the next several years, served by technologies and services across several Emerson businesses.
, while still a small part of the world’s energy supply, are becoming more important.
Emerson serves the  industries, where we see signicant potential
for growth.  is more established in the world’s energy mix. It is estimated that more
than 150 new reactors will come on line through 2020, and we are one of the few certied nuclear-
instrument and control suppliers. Emerson is addressing 
Our ability to
respond quickly to
changing business
conditions while
continuing to invest
for the long term
has been essential.