ITT to Invest $11M for Pump Testing Capabilities Enhancement [Yahoo! Finance]
ITT Inc. (ITT)
Last itt inc. earnings: 5/1 06:45 am
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Source: Yahoo! Finance
Notably, the investment will boost the company's pump testing capabilities at these sites, thereby supporting growth and capacity for large projects in its flow business. ITT will make the proposed investments at its IP facilities, located in Obernkirchen, Germany, Dammam, Saudi Arabia and Vadodara, India. This will enrich the company's power capacity in pump, motor and control systems testing, allowing it to test bigger and complicated pump packages locally. As noted, the investments will be completed in third-quarter 2024. Post investments, the company's Bornemann pumps site in Obernkirchen will be capable of replicating field conditions through complete unit multiphase fluid testing. The investments will also support the growth of its Goulds Pumps sites in Saudi Arabia and India. Other Notable Investments Management intends to become more competent on the back of innovation investments. It has been investing in product innovation across its friction technologies, connectors
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News
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ITT
Earnings
- 2/8/24 - In-Line
ITT
Sec Filings
- 4/2/24 - Form ARS
- 4/2/24 - Form DEFA14A
- 4/2/24 - Form DEF
- ITT's page on the SEC website