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ITT invests €50M to expand brake pad plant in Termoli, Italy · Endata

◂ Announcements

Jun 22, 2023EXPANSIONTermoli, Italy, Italy

ITT invests €50M to expand brake pad plant in Termoli, Italy

ITT Inc. announced a €50 million expansion of its Friction production facility in Termoli, Italy, and an upgrade of R&D capabilities in Barge, Italy, to produce high-performance brake pads for luxury and sporting vehicles. Construction began in June 2023, with completion expected by mid-2024 and production starting in Q4 2024.

Value

$54.5M (50.0M EUR)

Starts operating

Q4 2024

Status

Under construction

Productshigh-performance brake pads

CompaniesITT Inc.

Sectors#Automotive Components

“The high-performance segment is an underserved yet attractive piece of the brake pad market.”businesswire.com

1 source
businesswire.comITT Announces €50 Million Investment for Expansion into High-Performance Brake Pad ApplicationsJun 22, 2023

Summarized from public sources; check the original articles before acting on it.

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