The company will split into three
distinct entities: ITT, Xylem (the fluid technology business, which includes
Bell & Gossett, McDonnell & Miller and Goulds Pumps brands) and ITT
Exelis (the defense and information solutions business).
Demand for plumbing fixtures and fittings in the United States will rise 7.1% per
year to $10.9 billion in 2015, according to a new study by The Freedonia Group.
The pickup for total construction in August was
the result of greater activity for each of construction’s three main sectors - nonresidential
building [7 percent], residential building [4 percent] and nonbuilding
construction [13 percent]. For the first eight months of 2011, total
construction on an unadjusted basis was down 6 percent from the same period a
year ago.
GP
Russ Chaney, CEO of The IAPMO Group, was elected chairman of the
World Plumbing Council for a term covering 2011-13 during the 9th World
Plumbing Conference, Sept. 7-11, in Edinburgh,
Scotland.
Founded in 1946, the Novi,
Mich.-based company has grown to include distribution and manufacturing facilities
in Michigan, California,
North Carolina and Texas.