ITT – to build a new manufacturing facility in Poland

22/12/2006

The ITT Corporation, a leading supplier of water pumps and pumping systems for the global market, already established in Poland with its subsidiary Lowara Vogel Polska Sp.z o.o., is pleased to announce the forthcoming building of a production facility, located in the Special Economic Zone of Walbrzych, under the Municipality of Strzelin.

Highlighting the strategic importance of this investment, Gretchen McClain, President of ITT’s Residential and Commercial Water Business, said: “The new facility will enhance our service level to our customers in the developing water market segments in Poland and will also serve as a platform for the supply of our pumps & systems to the neighboring markets in Eastern and Western Europe and our customers around the world”.

The agreement for the purchase of a 60.000 square meters lot of land, upon which the new plant is to be built, was signed at the Municipality of Strzelin on September 19, 2006 and the contract for the erection of the facility has already been awarded to the construction company.


This facility will initially occupy around 8.000 square meters of covered surface and employ 100
workers by the end of 2007. It will produce a progressively increasing range of products branded Lowara for the residential & commercial building services as well as for the agricultural and irrigation sectors. Shipments are expected to start in the last quarter of 2007.

ITT-Lowara (www.lowara.com), headquarters of "Residential and Commercial Water - EMEA" part of the ITT Corporation and located in Montecchio Maggiore, Vicenza - Italy, is a leader in the manufacture of hydraulic pumps and water handling and control systems. It has 1.348 employees in Europe, 771 operating in Italy. In 2007 its consolidated sales totalled about 284 million euro, or over 390 million dollars.
ITT Corporation (www.itt.com) is a diversified high-technology engineering and manufacturing company dedicated to creating more livable environments, enabling communications and providing protection and safety. The company plays an important role in vital markets including water and fluids management, global defense and security, and motion and flow control. ITT employs approximately 40,000 people serving customers in more than 50 countries. Headquartered in White Plains, N.Y., the company generated $9 billion in 2007 sales.