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ITT to Open State-of-the-Art Automotive Friction Facility in Mexico - ITT's Motion Technologies business to break ground in 2016 on world-class friction production facility to serve the Americas - ITT.com
ITT to Open State-of-the-Art Automotive Friction Facility in Mexico

 

PRZOOM - /newswire/ - White Plains, NY, United States, 2016/03/15 - ITT's Motion Technologies business to break ground in 2016 on world-class friction production facility to serve the Americas - ITT.com. NYSE: ITT

   
 
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ITT Corporation will open a new North American friction manufacturing facility in Silao, in Mexico's Guanajuato state in 2017. The facility will expand ITT's global production capability for highly engineered brake pads for the automotive industry. Preliminary brake pad production is expected to begin in late 2017, with full rate series production planned for the first quarter of 2018.

"Our customers have asked us to support their global growth strategies by bringing cutting-edge manufacturing capabilities closer to their strategic markets," said Luca Savi, president of ITT's Motion Technologies business. "As always, we are committed to serving our OEM and Tier 1 customers with the responsiveness and high quality that will help them succeed with their customers."

The facility will implement state-of-the-art technology that adheres to ITT's global standards, including advanced material science expertise and high levels of product consistency.

"We are stepping up our ability to intimately serve the needs of our North and South American customers with trusted brake solutions that help keep millions of people safe every day,” said Pasquale Barilla, general manager of ITT's Friction Technologies business. "As a strong regional center for automotive manufacturing, Silao offers us the ability to enhance service and speed to market while maintaining our high quality standards.”

In North America, ITT Friction Technologies also operates a research and development facility in Novi, Michigan. The business has a global presence that includes a research and development and production facility in Barge, Italy, and other major automotive operating locations in the Czech Republic and Wuxi, China, which was expanded in 2015.

About ITT

ITT (itt.com) is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. This work is made possible by the talent and innovation of committed ITT employees in more than 35 countries who create trusted products and brands such as Goulds Pumps, KONI shock absorbers, Cannon connectors and Enidine energy absorption devices. Founded in 1920, ITT is headquartered in White Plains, N.Y. and generated 2015 revenues of $2.5 billion.

 
 
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ITT to Open State-of-the-Art Automotive Friction Facility in Mexico

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ITT Corporation | ITT Friction Technologies
Contact: Kathleen Bark / Melissa Trombetta - ITT.com 
914-641-2103 / 914-641-2030 kathleen.bark[.]itt.com / melissa.trombetta[.]itt.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ITT Night Vision and Imaging securities in any jurisdiction including any other companies listed or named in this release.

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