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ITT Inc. plans to invest $31 million to establish a Goulds Pumps manufacturing and distribution center in Memphis, Tennessee, expected to create 57 jobs. The site will increase North American pump capacity and supports the existing Southaven, Mississippi operation.
ITT Inc. signed a three-year agreement to supply API-610 centrifugal pump systems, aftermarket parts and engineered services to ExxonMobil, mainly for North American operations. The contract has a US$50 million minimum commitment and up to US$80 million in potential revenue.
