ITT Corporation expanding Oconee County manufacturing operations

May 21, 2015

Company expands testing facility as part of expected $2.5 million, five-year investment in plant

ITT Corporation (NYSE: ITT) announced today that it is expanding its manufacturing operations in Oconee County by investing approximately $1 million to build a new test facility. The investment is part of a total of $2.5 million that the company expects to invest in the facility over the next five years.

Located at 105 Commerce Way in Westminster, S.C., the expansion of ITT’s operations in Westminster features a new specialized testing facility for natural gas vehicle (NGV) components, which are part of the company’s highly engineered Conoflow brand of products. These NGV components consist of compressed natural gas pressure regulators and liquid natural gas regulators for heavy vehicles.

This facility has been part of the Westminster community since 1979 when the former Compact Air Products relocated to the area. Compact later became part of International Motion Control, which was subsequently acquired by ITT in 2007. In 2011, ITT consolidated its Conoflow brand of products into the Westminster operation.

For more information on ITT Corporation, please visit www.ITT.com.

QUOTES

“This expansion will allow us to deliver our latest advancements in natural gas valve technologies into this exciting and expanding global market, giving us the ability to better meet the needs of our customers with the highest quality products and services they have come to know from ITT. We look forward to continuing to grow our business and product capacity at the Westminster facility.” – ITT Control Technologies Commercial Director Jeff Weisbeck

“We have been a member of the Oconee County community for more than 25 years and are pleased to be able to grow our presence here. This facility expansion will give us enhanced capabilities to test natural gas vehicle components, which are an integral part of the strategic plan for the Control Technologies business.” – ITT Corporation Westminster Plant Manager Rob Hartman

“We’re always excited to celebrate new investment in South Carolina, but it’s special when it’s from one of our existing companies. ITT could do business anywhere, but by deciding to invest an additional $2.5 million in their Westminster facility, this great company is proving that our Team South Carolina approach really is working.” –Gov. Nikki Haley

“The manufacturing industry continues to thrive in South Carolina. When world-class companies like ITT decide to expand operations in our state, it’s proof that our pro-business climate is encouraging industry to succeed. Congratulations to ITT Corporation, Oconee County and the entire Upstate community on today’s announcement.” –Secretary of Commerce Bobby Hitt

“Existing industry growth is a huge commitment in our community. We focus on ways to improve competitiveness by producing the best environment for business and assisting our existing businesses with their needs. ITT Corporation is just one example of these relationships.” –Oconee County Council Chairman Wayne McCall

“ITT Corporation could have chosen anywhere in the world to locate its newest business, but it chose Oconee County. I have no doubt that our booming manufacturing environment will help this company’s newest operations grow.” –Oconee Economic Alliance Chairman Glenn Buddin