financetom
Business
financetom
/
Business
/
ITT Completes Second Phase of $25 Million Expansion of Saudi Arabia Manufacturing Facility
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ITT Completes Second Phase of $25 Million Expansion of Saudi Arabia Manufacturing Facility
Nov 17, 2025 5:50 AM

08:35 AM EST, 11/17/2025 (MT Newswires) -- ITT (ITT) said Monday that it has completed the second phase of a planned $25 million expansion of its Industrial Process manufacturing facility in Dammam, Saudi Arabia.

The second-phase expansion doubles ITT's manufacturing capacity, with a third phase expected to begin in 2027, the company said.

In 2024, the Dammam facility received $160 million in orders and ITT said it is targeting more than $300 million in annual orders by 2030.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Biofrontera Says Last Patient Completes 1-Year Follow-Up in Skin Cancer Treatment Study; Shares Jump
Biofrontera Says Last Patient Completes 1-Year Follow-Up in Skin Cancer Treatment Study; Shares Jump
Jan 8, 2025
11:31 AM EST, 01/08/2025 (MT Newswires) -- Biofrontera (BFRI) said Wednesday that the last patient completed the one-year follow-up visit in a phase 3 study of the use of Ameluz and RhodoLED photodynamic therapy to treat superficial basal cell carcinoma, a type of skin cancer. The study evaluated safety and efficacy in 187 patients with at least one clinically and...
Ecarx Virtual Machine Capabilities in Vehicles Get ISO Certification
Ecarx Virtual Machine Capabilities in Vehicles Get ISO Certification
Jan 8, 2025
11:24 AM EST, 01/08/2025 (MT Newswires) -- Ecarx Holdings ( ECX ) said Wednesday its hypervisor, part of the Cloudpeak software stack, has received the functional safety certification, Automotive Safety Integrity Level D, under the ISO 26262 standard. This certifies the Ecarx's ( ECX ) capabilities in automotive safety management. Hypervisor is the ability to run low-loss virtual machines on...
US oil imports from Canada hit record ahead of tariffs threat, EIA data shows
US oil imports from Canada hit record ahead of tariffs threat, EIA data shows
Jan 8, 2025
NEW YORK (Reuters) - U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump's plans to tariff imports. U.S. crude oil imports from Canada rose by 689,000 barrels a day in the week ended Jan. 3 to 4.42...
Carvana Stock Soars As Atlanta 'Megasite' Integration Boosts Auction, Reconditioning Capacity
Carvana Stock Soars As Atlanta 'Megasite' Integration Boosts Auction, Reconditioning Capacity
Jan 8, 2025
Carvana Co. ( CVNA ) shares are trading lower on Wednesday after the company announced its plans to integrate an auction and reconditioning “Megasite” at its existing ADESA Atlanta location. This transition will see Carvana ( CVNA ) establish Inspection and Reconditioning Center (IRC) capabilities at the site while maintaining its digital and in-lane auction operations. According to a press...
Copyright 2023-2026 - www.financetom.com All Rights Reserved