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ITT Announces Global Supply Agreement with Shell Global Solutions - ITT Corporation announced an Enterprise Framework Agreement with Shell Global Solutions in which ITT’s Goulds Pumps brand will provide American Petroleum Institute (API) centrifugal pumps to support Shell operations worldwide
ITT Announces Global Supply Agreement with Shell Global Solutions

 

NewswireToday - /newswire/ - Seneca Falls, NY, United States, 2012/02/21 - ITT Corporation announced an Enterprise Framework Agreement with Shell Global Solutions in which ITT’s Goulds Pumps brand will provide American Petroleum Institute (API) centrifugal pumps to support Shell operations worldwide. NYSE: ITT

   
 
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Shell Global Solutions is part of the Shell Group, a global leader in the energy and petrochemical markets.

Under the agreement, Goulds Pumps, a leading product brand of ITT and a leader in API pumps, will supply these pumps in several configurations to Shell operations and affiliates worldwide.

“The agreement with Shell is another significant milestone in ITT’s strategic focus and commitment to support the oil and gas sector with world-class pumps and systems throughout the total life cycle of the equipment,” said Robert Pagano Jr., president of ITT’s Industrial Process business.

“Oil and gas is now the largest segment of our Industrial Process business, and we are proud to be able to support our customers with solutions engineered to their needs. Our services do not stop at installation. We also provide a comprehensive range of aftermarket services to support our customers’ operations anywhere in the world.”

The Enterprise Framework Agreement is for five years with an option for an additional five years. Shell applied a comprehensive process in selecting ITT Goulds Pumps, and this agreement includes the development of common specifications, terms and conditions, and pricing. The Goulds Pumps brand is part of ITT’s Industrial Process business, a dynamic business that is growing and expanding globally and has an extensive portfolio of leading-edge technology that has served customers in the oil and gas, mining, chemical, power generation, biopharmaceutical, and general industries markets for more than 160 years. Industrial Process product lines include pumps, valves, monitoring and control systems, water treatment, and aftermarket services. Goulds Pumps has more than 40 years of experience in engineering, manufacturing, repairing and upgrading API pumps. It has a wide portfolio of proven API pumps, serving multi-national companies and national organizations around the world.

About ITT
ITT (itt.com) is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace and transportation. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 15 countries and sales in more than 125 countries. The company generated 2011 revenues of approximately $2 billion.

Investor Contact:
Melissa Trombetta
P: +1 914 641 2032 - E: melissa.trombetta[.]itt.com.

 
 
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Written by / Agency / Source: ITT Night Vision and Imaging

 
 

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ITT Announces Global Supply Agreement with Shell Global Solutions

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ITT Corporation |
Publisher Contact: Margaret Gan / Kathleen Bark - ITT.com 
315-568-7124 / 914-641-2103 margaret.gan[.]itt.com / kathleen.bark[.]itt.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ITT Night Vision and Imaging securities in any jurisdiction including any other companies listed or named in this release.

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