ITT Announces Global Supply Agreeement with Shell Global Solutions
February 21 2012 - 4:30PM
Business Wire
ITT Corporation (NYSE: ITT) announced today an Enterprise
Framework Agreement with Shell Global Solutions in which ITT’s
Goulds Pumps brand will provide American Petroleum Institute (API)
centrifugal pumps to support Shell operations worldwide.
Shell Global Solutions is part of the Shell Group, a global
leader in the energy and petrochemical markets.
Under the agreement, Goulds Pumps, a leading product brand of
ITT and a leader in API pumps, will supply these pumps in several
configurations to Shell operations and affiliates worldwide.
“The agreement with Shell is another significant milestone in
ITT’s strategic focus and commitment to support the oil and gas
sector with world-class pumps and systems throughout the total life
cycle of the equipment,” said Robert Pagano Jr., president of ITT’s
Industrial Process business.
“Oil and gas is now the largest segment of our Industrial
Process business, and we are proud to be able to support our
customers with solutions engineered to their needs. Our services do
not stop at installation. We also provide a comprehensive range of
aftermarket services to support our customers’ operations anywhere
in the world.”
The Enterprise Framework Agreement is for five years with an
option for an additional five years. Shell applied a comprehensive
process in selecting ITT Goulds Pumps, and this agreement includes
the development of common specifications, terms and conditions, and
pricing.
The Goulds Pumps brand is part of ITT’s Industrial Process
business, a dynamic business that is growing and expanding globally
and has an extensive portfolio of leading-edge technology that has
served customers in the oil and gas, mining, chemical, power
generation, biopharmaceutical, and general industries markets for
more than 160 years. Industrial Process product lines include
pumps, valves, monitoring and control systems, water treatment, and
aftermarket services.
Goulds Pumps has more than 40 years of experience in
engineering, manufacturing, repairing and upgrading API pumps. It
has a wide portfolio of proven API pumps, serving multi-national
companies and national organizations around the world.
About ITT
ITT is a diversified leading manufacturer of highly engineered
critical components and customized technology solutions for growing
industrial end-markets in energy infrastructure, electronics,
aerospace and transportation. 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. Founded in 1920, ITT is headquartered in White Plains, N.Y.,
with employees in more than 15 countries and sales in more than 125
countries. The company generated 2011 revenues of approximately $2
billion. For more information, visit www.itt.com.
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