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Published in Stocks and Investing on Thursday, June 24th 2010 at 6:06 GMT by Market Wire
WHITE PLAINS, N.Y.--([ BUSINESS WIRE ])--ITT Corporation (NYSE: ITT) announced today that it has secured three complete wastewater treatment plant contracts in Montemor-o-Velho, a municipality of Portugal. Figueira da Foz-based construction company Guilherme Goncalves Correia & Filhos, Lda. (GGC), selected ITT as an industry leader in comprehensive water solutions and to help drive its emergence into the wastewater treatment arena.
"ITTa™s reputation for high-quality products and warranties made the company the premier choice for our first wastewater treatment plant project"
GGC, who partnered with design firm, Centro Tecnologico de Gestao Ambiental, Lda (CTGA) to bid on the project, will install ITTa™s Flygt® and Lowara® pumps, Sanitaire® diffusers coupled with Atlas Copco blowers, and ITTa™s Wedeco® UV reactors at three new wastewater treatment plants throughout Montemor-o-Velho.
aITTa™s reputation for high-quality products and warranties made the company the premier choice for our first wastewater treatment plant project,a said Anibal Azevedo, general manager, GGC. aWe are excited to enter this industry with the best partners, design plans and products in the market.a
When completed, the wastewater systems will ultimately process 1500 cubic meters of water and wastewater each day, serving a population of 30,000 people in Montemor-o-Velho and the surrounding area.
aThese are exactly the kinds of projects where ITT can create and deliver extraordinary value to our customers,a said Andre Dhawan, vice president of ITTa™s Residential and Commercial Water business in Europe. aWe have the complete array of energy-efficient products and technologies. Equally important, we have the application expertise in providing integrated solutions for wastewater and clean water pumping backed by the world-class engineering and manufacturing processes of an $11 billion high-technology company.a
CTGA, an ITT partner for the past eight years, recommended ITT products as key components to win the wastewater treatment project bid. Eziquiel Abrantes China, managing director, CTGA, cites the companya™s aleadership in energy efficiency and superior client servicea as primary selling points in the firma™s design plans.
aWe look forward to continued partnership with both GGC and CTGA as we expand our presence in the European wastewater treatment market,a said Rui Campos, regional channel manager, RCW Portugal. aOur goal is to provide our customers with products, service and solutions that support successful business and deliver clean water to the end user.a
Construction on the first wastewater treatment plant began in March 2010. Project completion for all three plants is scheduled for first quarter 2011.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. [ www.itt.com ]
