ITT Expands Engineering and Manufacturing Site in Saudi Arabia with ~$25 Million Investment, Doubling Capacity for Middle East Customers
ITT Inc. (ITT)
Last itt inc. earnings: 5/1 06:45 am
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Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 17, 2025-- ITT Inc. (NYSE: ITT) today announced the completion of the second phase of a planned ~$25 million expansion of its Industrial Process (IP) manufacturing facility in Dammam, Saudi Arabia. This expansion doubles ITT’s capacity and strengthens its position as a preferred supplier to Middle East customers.The Kingdom of Saudi Arabia represents one of the fastest-growing markets for ITT’s flow business driven by market demand and the site’s excellent track record of performance in large-scale projects, including an average of 96% on-time delivery since 2019. The site secured $160 million in orders in 2024 and is targeting more than $300 million in annual orders by 2030.“This expansion builds on our strong foundation in the Kingdom and is a strategic investment in ITT’s future growth, our people and plant in Dammam. ITT is committed to growing in the region with our Middle East customers. Our local, excellent engineering and manufacturin
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News
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ITT
Earnings
- 10/29/25 - Beat
ITT
Sec Filings
- 12/5/25 - Form 8-K
- 11/4/25 - Form 4
- 11/4/25 - Form 4
- ITT's page on the SEC website