# 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.

- Type: Expansion
- Announced: 2023-06-22
- Where: Termoli, Italy, Italy
- Value: $54.5M (50.0M EUR)
- Starts operating: Q4 2024
- Status: under construction
- Products: high-performance brake pads
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ITT Inc.](https://endata.com/companies/4662.md)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20230622311040/en/ITT-Announces-%e2%82%ac50-Million-Investment-for-Expansion-into-High-Performance-Brake-Pad-Applications), 2023-06-22: "The high-performance segment is an underserved yet attractive piece of the brake pad market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.