Nov. 17, 2025-- ITT Inc. (NYSE: ITT) today announced the completion of the second phase of a planned ~$25 million expansion of its Industrial Process (IP) manufacturing facility in Dammam, Saudi Arabia. This expansion doubles ITT’s capacity and strengthens its position as a preferred supplier to Middle East customers.

The Kingdom of Saudi Arabia represents one of the fastest-growing markets for ITT’s flow business driven by market demand and the site’s excellent track record of performance in large-scale projects, including an average of 96% on-time delivery since 2019. The site secured $160 million in orders in 2024 and is targeting more than $300 million in annual orders by 2030.

“This expansion builds on our strong foundation in the Kingdom and is a strategic investment in ITT’s future growth, our people and plant in Dammam. ITT is committed to growing in the region with our Middle East customers. Our local, excellent engineering and manufacturing in the region for the region continues to deliver flawlessly for our customers and will continue to fuel growth for ITT in the Middle East,” said ITT’s Chief Executive Officer and President Luca Savi.

The first phase of ITT’s investment in Saudi Arabia, which was announced in 2024, increased power and testing capacity, enabling the testing of larger, more complex pump packages. Phase two of the investment increases the site’s total land area to ~30,000 m² to accommodate future growth. A third phase for additional manufacturing capacity is expected to begin in 2027.

ITT’s IP segment is a global leader in flow technology for the chemical, energy, mining, marine and industrial markets, with ~$1.4 billion in revenue in 2024.

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial and energy markets. 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. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

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“This expansion builds on our strong foundation in the Kingdom and is a strategic investment in ITT’s future growth, our people and plant in Dammam." - ITT’s Chief Executive Officer and President Luca Savi.