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
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.
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.