ITT receives $41 million Chinese contract
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- October
- 2
ITT Corp. of White Plains said that it has been awarded $41 million in contracts to provide equipment for a solar products factory under construction in China.
Under the contracts, ITT will sell pumps, valves and other products to the LDK Solar polysilicon factory in Xinyu City, China. LDK Solar is a leading manufacturer of solar wafers that are a key raw material used to produce solar cells.
Construction on the new factory began in August 2007 and is expected to be completed next year. The plant, which will have a production capacity of 15,000 tons per year, will use the ITT equipment for its cooling tower, wastewater treatment and the heating and air conditioning systems.
ITT received the contracts through Fluor China, the contractor responsible for the engineering and procurement on the project.
“We pulled resources from all of our business units in Asia and North America to support Fluor and the client in their design, and in the end showed that we are the strongest partner,†Carter Chan, vice president of ITT China sales and service, said in a written statement.
In July, ITT said record revenue in all three of its divisions helped produce higher-than-expected profits in the second quarter.
This entry was posted
on Thursday, October 2nd, 2008 at 11:33 am by Jay Loomis.
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Category: Contract
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