ITT announces EUR50M investment for expansion into brake pad applications

ITT Inc. announced an expansion of its Friction production facility in Termoli, Italy and an upgrade of its research and development capabilities in Barge, Italy to establish a position in the high-performance brake pads market for luxury and sporting vehicles. Friction, a part of ITT‘s Motion Technologies segment, is a global brake pad supplier for the automotive market. The initial EUR 50M investment increases the Termoli plant’s covered surface by 75% and includes fast prototyping, expanded testing machinery and an automated production module designed to handle the demanding specifications of high-performance brake pads, ITT said in a statement, adding that as part of the investment, ITT will install solar panels that will provide approximately 20% of the Termoli site’s electricity needs.