(RTTNews) — On Thursday, ITT Inc. (ITT) announced plans to invest approximately $11 million to expand pumping functions at its commercial procedural or IP sites in Obernkirchen, Germany; Vadodara, India; and Dammam, Saudi Arabia.
The production company said the proposed investment would enrich the electrical capacity to test pumps, motors and systems at IP sites, allowing ITT to conduct pump tests at local units.
The investments, which will be completed in the third quarter of 2024, will also provide visitors with the joy and ability to award giant projects.
Currently, ITT shares are trading at $131. 15, an increase of $1. 14 on the New York Stock Exchange.