Profile: ITT Corp (ITT.N)

ITT.N on New York Stock Exchange

26 Dec 2014
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$0.07 (+0.17%)
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ITT Corporation (ITT), incorporated on September 5, 1995, is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets. The Company manufactures components that are integral to the operation of systems and manufacturing processes in the energy, transportation and industrial markets. Its products provide enabling functionality for applications where reliability and performance are critically important to its customers and the users of their products. Its product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions (ICS), and Control Technologies. In November 2012, the Company sold its shape cutting product lines, including the Burny and Kaliburn brands, to Lincoln Electric Holdings, Inc. In November 2012, the Company sold its shape cutting product lines, including the Burny and Kaliburn brands, to Lincoln Electric Holdings, Inc. in 2012, the Company acquired Bornemann.

Industrial Process

The Industrial Process segment is a global manufacturer of industrial pumps, valves and related equipment, and is a provider of plant optimization and efficiency solutions and aftermarket services and parts. Headquartered in Seneca Falls, New York, its operations include five product categories: Goulds Pumps, Inc., Bornemann, ITT Engineered Valves, ITT PRO Services and ITT C’treat. . Goulds Pumps, Inc. is focused on customer needs primarily in the chemical, oil and gas, mining, power, pulp and paper, and general industrial markets. It has a portfolio of centrifugal pumps including ANSI (American National Standard Institute) and ISO (International Standards Organization) chemical pumps, API (American Petroleum Institute) pumps for the petrochemical and oil & gas industry, slurry and process pumps for the mining industry and paper stock pumps for the pulp & paper industry. Its portfolio also includes vertical, axial flow, multi-stage and other pumps that are used in a multitude of industries.

Bornemann, is a manufacturer of pumps and systems utilized in the oil & gas, marine, food and pharmaceutical industries. Technologies include twin screw pumps, multiphase boosting system pumps and progressive cavity pumps. Bornemann twin screw pumps are rotating displacement pumps that are ideal for mixtures of crude oil, gas, water and the finest solids. ITT Engineered Valves is a manufacturer of process valves for the biopharmaceutical, mining, power, pulp and paper and general industrial markets. ITT PRO Services is the aftermarket solutions offering of Industrial Process which strives to extend equipment life in its customers’ facilities. PRO Services provides an array of services focused on reducing equipment total cost of ownership and increasing plant output by minimizing downtime. ITT C’treat is a provider of water treatment systems for offshore oil and gas production platforms.

Motion Technologies

ITT's Motion Technologies is a global manufacturer of engineered and durable components, consisting of brake pads, shock absorbers and damping technologies for the transportation industry. The transportation industry encompasses both personal and public transport equipment, such as passenger cars, light and heavy-duty commercial and military vehicles, buses and rail transportation. Motion Technologies consists of two product categories, Friction Technologies and KONI. Through its Friction Technologies business, Motion Technologies provides the automotive market with brake pads and through its KONI business, Motion Technologies provides the transportation industry with shock absorber and damping equipment. Motion Technologies primarily serves the transportation industry. The Company’s Friction Technologies business produce a range of brake pads installed, as original equipment (OE pads) on cars and light to heavy duty commercial vehicles. The KONI business organizes its various performance shock absorber products into three main product market groups: railway rolling stock; car and racing, and bus truck and trailer.

Interconnect Solutions

Interconnect Solutions manufactures a range of specialized connector products that make it possible to transfer signal and power in various electronic devices that are utilized in aerospace, industrial, defense and oil & gas markets. Through the Cannon, VEAM and BIW Connector Systems brands, our product portfolio and customized engineered connector solutions serve customers in the defense, aerospace, industrial, communications, oil & gas, medical, transportation, and rail markets. In the oil & gas market, ICS is a solution provider for down-hole electric submersible pump applications. Within the defense and aerospace markets, ICS has a rich legacy and demonstrated track record of providing a broad portfolio of industry standards-based products as well as customer specific solutions across a range of mission critical systems applications.

The Company’s technological capabilities in filtering, sealing, contact geometry, composite materials and plating allow the Company to deliver connector solutions that address its customers’ and challenging requirements. Its product portfolio includes performance, military-specification, and commercial electrical connectors of the types: Circular, Rectangular, Radio Frequency, Fiber Optic, D-sub Miniature, Micro-Miniature and cable assemblies. Applications include avionics, commercial and military aircraft, rail, industrial automation and production, medical imaging and diagnostics, construction, agriculture and military equipment. ICS has eight production facilities, including two in the United States, and one in Mexico, Italy, Germany, England, China and Japan, providing geographic proximity of customer support to over 2,500 global customers.

Control Technologies

Control Technologies manufactures specialized equipment, including actuation, valves, switches, vibration isolation, custom-energy absorption, and regulators for the aerospace, defense and industrial markets. It offers a Control Technologies manufactures specialized equipment, including actuation, valves, switches, vibration isolation, custom-energy absorption, and regulators for the aerospace, defense and industrial markets. CT Industrial designs and manufactures energy absorption, precision motion control, and natural gas regulators primarily for heavy industry, infrastructure, automation, and energy markets. Its energy absorption products consist of customized shocks absorbers, vibration isolators and dampers.

CT Aerospace designs and manufactures flow control and actuation components, motion control, energy absorption and vibration isolation products primarily for commercial aerospace, military and other markets. Its aircraft component products consist of fuel and water pumps, valves, electro-mechanical rotary and linear actuators, and pressure, temperature, limit, and flow switches for various aircraft systems. Its aircraft interior products include stowage bin rate controls, rotary hinge dampers and actuators, seat recline locks and control cables and a variety of engineered elastomer aircraft interior isolators to protect equipment and keep the interior of the aircraft quiet. The Company also provides electromechanical seat actuation for seating products. Defense products generally include energy absorption applications and aerospace components. Its products are custom designed for specific customer applications.

The Company competes with Flowserve, Sulzer Pump, ClydeUnion , Ebara Corporation, Amphenol Corporation, Deutsch (TE Connectivity Ltd.), Souriau (Esterline), Glenair, Inc., Circor Aerospace, Inc., Hydra Electric, Lord Corporation and Hutchinson Worldwide.

Company Address

ITT Corp

1133 Westchester Avenue
P: +1914.6412041
F: +1914.6962950

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