ITT Corporation operates as a manufacturer of critical components and customized technology solutions for the energy, transportation, and industrial markets. The company possesses major brands, such as Goulds Pumps, Bornemann, Engineered Valves, Cannon, VEAM, BIW Connector Systems, KONI, Wolverine, Enidine, Hartzell Aerospace, and ITT, in majority of its niche markets. The company’s brands extend internationally and perform in emerging growth markets, including China, Mexico, Brazil, Saudi Arabia, and Russia. Segments The company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions (ICS), and Control Technologies. Industrial Process segment This segment, referred to as IP, is an original equipment manufacturer (OEM) and service provider offering a portfolio of industrial pumps, valves and plant optimization systems and services. In 2015, this segment aligned around three business units – Industrial Products, Engineered Systems, and Aftermarket Solutions – serving customers from large multi-national companies and engineering, procurement and construction (EPC) firms to regional distributors to end-user customers. IP's customers operate in global infrastructure and natural resource markets, such as oil and gas, chemical and petrochemical, general industrial, mining, pulp and paper, and power generation. Brands include Goulds Pumps, Bornemann, Engineered Valves, PRO Services, and C'treat. Industrial Products Business Unit Industrial Products designs and manufactures configured-to-order industrial pumps, valves, and equipment for both original equipment installations and replacement parts and pumps. The company serves customers rapidly as products in this business unit typically have shorter lead times. These products include centrifugal process pumps and engineered industrial and sanitary valves. Engineered Systems Business Unit Engineered Systems provides customized pumping systems typically used in severe service conditions through both original equipment installations and replacement parts and pumps. Products include API (American Petroleum Institute) centrifugal pumps, vertical centrifugal pumps, twin screw pumps and water systems. The company’s pumping systems are part of larger capital projects, which have longer lead times and are managed by EPCs. Aftermarket Solutions Business Unit Aftermarket Solutions provides customers with parts, services, and solutions that reduce total cost of ownership for pumps and rotating equipment. In addition to providing standard repairs and upgrades, the business also develops engineered solutions for specific customer process issues. Its technologies include PumpSmart controllers and i-ALERT2 equipment health monitoring devices to monitor and control pumps and other rotating equipment in an industrial environment. IP goes to market through a global and diversified sales channel structure. End-users are serviced by a network of independent industrial distributors, and representatives, which complement its customer-focused direct sales and service organization. The company also has focused channels dedicated to supporting EPC firms as their needs are often distinct from those of other distributor and end-user customers. Motion Technologies segment This segment, referred to as MT, is a manufacturer of braking pads, shims, shock absorbers, damping, and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses and rail transportation. It also manufactures customized technologies for automotive braking systems and specialized sealing solutions. MT consists of three business units, Friction Technologies, KONI, and Wolverine. Friction Technologies The company’s Friction Technologies business manufactures a range of brake pads installed as original equipment (OE) pads on cars and light and heavy duty commercial vehicles. Demand for this segment’s products stem from various end customers and automotive platforms worldwide. OE pads are sold either directly to OEMs or to Tier-1 and Ti
itt inc (ITT:New York)
1133 Westchester Avenue
White Plains, NY 10604
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