, and controllers. CT Industrial has positions in China, Europe, and North America. It has a customer base, including end users, OEM’s, and distributors. Channels to market include direct, commissioned representation and buy-resell distributors. Business Strategies The company’s strategy includes focusing on managing the relationships it has with its customers through a formalized process referred to as value-based commercial excellence; focused geographic and aftermarket market expansion; and targeted leverage of its capabilities. Research and Development During 2013, the company recognized research and development expenses of $67.3. Seasonality The company’s businesses experience limited seasonal variations, with demand at an annual low during summer months (its third quarter (year ending December 2013)) mainly attributable to manufacturing shutdowns and the planned industrial maintenance activities of its customers. Revenue impacts from the limited seasonal variations are mitigated by the company’s backlog of orders that allow it to adjust levels of production across the summer months. Environmental Matters The company is subject to federal, state, local, and foreign environmental laws and regulations concerning air emissions, water discharges and waste disposal. In the U.S., these include the Federal Clean Air Act; the Clean Water Act; the Resource, Conservation and Recovery Act; and the Comprehensive Environmental Response, Compensation and Liability Act. History The company was founded in 1920. It was incorporated in 1920. The company was formerly known as ITT Industries, Inc. and changed its name to ITT Corporation in 2006.
itt corp (ITT:New York)
1133 Westchester Avenue
White Plains, NY 10604
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