US-based ITT invests €50M to expand its Friction brake pad facility

The company aims to strengthen its position in the high-performance brake pads market for luxury and sporting vehicles with this move

ITT Inc., a US-based manufacturer of critical components and customized technology solutions for the energy, transportation and industrial markets, has announced an expansion of the production facility for its brake pad supplier brand Friction in Termoli, Italy, and an upgrade of its research and development capabilities in Barge, Italy, according to a press release dated June 22.