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Kolon Industries, Inc. to provide Membrane Fibers and Modules for ITT's Reuse Systems and Drinking Water Systems
Charlotte , NC - May 18, 2006 - ITT Corporation (NYSE: ITT) ITT continues to strengthen its capabilities as a water treatment solutions provider. Kolon Industries, Inc. has signed an agreement to exclusively supply membrane fibers and modules for ITT's Membrane Bioreactors which are used in Reuse Systems and Drinking Water Systems. Kolon Industries, Inc. will also support and provide ITT with long term membrane fiber and module development.
"The technology of Kolon's membranes and modules further strengthens ITT's water and wastewater portfolio and enhances ITT's position in water treatment," said Mike Dimitriou, Membrane Project Director.
Kolon Industries, Inc. (Originally Korean Nylon) is a $4.8B Korean based global supplier of polymers, resins, chemicals, textiles, membranes and plastics supply company. Their membrane division (sales $15M) started in 1966 producing membranes for dialysis units.
About ITT Corporation ITT Corporation (www.itt.com) supplies advanced technology products and services in key markets including: fluid and water management including water treatment; defense communication, opto-electronics, information technology and services; electronic interconnects and switches; and other specialty products. Headquartered in White Plains, NY, the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation's stock is traded on the Pacific, Paris, London and Frankfurt exchanges. Advanced Water Treatment a division of ITT specializes in system solutions for Biological, Filtration and Disinfection treatment of water and wastewater processes in both Industrial and Municipal applications. |
Contact:
Bjorn von Euler
201.456.2633
bjorn.voneuler@itt.com
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