Collaboration with local partners will build platform for growth and
success of industry
WUXI, China--(BUSINESS WIRE)--
ITT Corporation (NYSE:ITT) announced today plans to sponsor an
engineering talent development program in China working in cooperation
with local partners, including Science and Technology Daily and TusPark
Co. Ltd. The program will focus on accelerating the development of the
engineering and manufacturing industry by cultivating China's
engineering technology talent, improving research and development
capabilities, and enhancing the quality of micro and small enterprises.
The program will include both an education program and innovation
competition. Both initiatives will be focused on cooperatively sharing
knowledge and best practices that give students additional opportunities
to receive integrated training and guidance about innovation and R&D.
Through the development of this platform, the partners expect to help
improve the international competitiveness of China's manufacturing and
"As a diversified leading manufacturer, ITT has a long history in China
and has been part of the rapid development of the Chinese economy and
industry," said Denise Ramos, ITT chief executive officer and president.
"ITT will bring its leading manufacturing technologies, as well as best
practices developed over a century of operation, to build an
international platform for the growth and success of the new generation
of talent in the engineering industry."
Jing Yang, the League Secretary of Science and Technology Daily said:
"With the purpose of supporting the growth of young engineers in China
and developing small and medium engineering businesses, the ITT
Engineering Talent Development Program in China will create an
international communication and cultivation system based on the
integration of production, education, research and application. By fully
leveraging the "think tanks" - such as entrepreneurs, scholars and media
- we aim to provide Chinese young engineers and small and medium
engineering businesses with a global vision and market vitality under
the circumstances where China is undergoing economic transformation and
the upgrade of manufacturing industries."
Quanhong Shen, general manager for TusPark Co. Ltd said: "Modern
manufacturing is playing a more crucial role in the Chinese economy and
the implementation of this project will stimulate the creativity of our
engineering manufacturing talent. Through this partnership and TusPark's
advanced and mature platform, the transformation of scientific and
technological achievement will be accelerated and the development of
modern manufacturing will be boosted by the power of science."
ITT is a diversified leading manufacturer of highly engineered critical
components and customized technology solutions for the energy,
transportation and industrial markets. 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 35 countries and sales in a total of
approximately 125 countries. The company generated 2012 revenues of $2.2
billion. For more information, visit www.itt.com.
About ITT China
ITT Corporation's origins in China can be traced to the 1920s. As early
as 1928, ITT installed the first telephone exchange system in Shanghai.
In 1996 ITT (China) Investment Co., Ltd. was established in Beijing,
which greatly promoted its investment and development. ITT China has
more than 1,200 employees and manufacturing facilities in Shanghai, Wuxi
and Shenzhen. In 2012, ITT sales revenue in China and Hong Kong reached
About Science and Technology Daily
Science and Technology Daily is hosted and supervised by China's
Ministry of Science and Technology (MOST). It is the largest science and
technology media source in China and is highly influential in
engineering related industries. Topics covered in Science and
Technology Daily include IT, medicine and military developments. The
newspaper has a circulation of more than 300,000 per issue in China.
Readership includes decision makers, government officials, professionals
and technicians in science technology.
The Youth League Committee of the Communist Youth League of China in
Science and Technology Daily is the department responsible for Chinese
youth development programs. By leveraging Science and Technology Daily's
media resources, the department is able to carry out research and study
on nationwide education and youth skill development initiatives. In the
meantime, the department contributes the research findings to policy
making of the Ministry of Science & Technology and Ministry of
Education. The department has solid relationships with Chinese academia
for various kinds of talent training and development programs.
About Tsinghua TusPark Co., Ltd.
The Tsinghua University Science Park (TusPark) was set up in August 1994
by Tsinghua University, and has more than 30 branches in Beijing,
Shanghai, Guangzhou and other major cities in China. TusPark (Beijing)
is presently the largest university science park in the world. As
an extension of Tsinghua University's social services, TusPark provides
a platform for promising pioneer enterprises and talents with innovative
ideas to rapidly take their ideas from the lab to the market. In
addition to its strong connection with Tsinghua University, TusPark has
a strong relationship with many local governments in different provinces
Source: ITT Corporation