CHARLOTTE, N.C., March 4 /PRNewswire-FirstCall/ -- SPX Corporation
(NYSE: SPW) today announced that it has been named to FORTUNE magazine's
America's Most Admired Companies 2008, the widely respected and influential
annual scorecard rankings recognizing corporate excellence.
SPX was ranked #5 in the Electronics industry category, behind General
Electric, Emerson, Sony and Siemens (in that order) with an overall score
of 6.33. The rankings appear in the March 17 issue of FORTUNE, which will
be on newsstands March 10, and are currently available online at
http://www.fortune.com.
"Inclusion in Fortune's prestigious America's Most Admired Companies
2008 rankings is a tremendous achievement for SPX, and we're honored to
know that our business has earned the admiration of our peers," said Chris
Kearney, Chairman, President and Chief Executive Officer of SPX. "This
acknowledgement is particularly gratifying because it is a direct
reflection of the individual contributions our 17,000 employees around the
world make each day toward our success."
Now in its 26th year, the FORTUNE's America's Most Admired Companies
list is the definitive report card on corporate reputations and is the
result of a vast corporate survey that questioned more than 3,700 people
from 622 companies in 65 separate industries. It features a composite list
of the 20 Most Admired Companies in corporate America, along with a
separate breakout of where companies rank within their respective
industries.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader.
The company offers highly-specialized engineered solutions to solve
critical problems for customers.
SPX is focused on providing solutions that support the expansion of
global infrastructure, with particular emphasis on the growing worldwide
demand for energy and power. Its innovative product portfolio, containing
many environmentally friendly products, includes cooling systems for all
types of power plants throughout the world; custom engineered pumps, valves
and mixers that assist a variety of flow processes including oil and gas
exploration, distribution and refinement; handheld diagnostic tools that
aid in vehicle maintenance and repair; and power transformers that regulate
voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs over
17,000 people worldwide in over 35 countries. Visit http://www.spx.com.
SOURCE SPX Corporation
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Related links:
http://www.spx.com
http://www.fortune.com
CONTACT:
Investors, Jeremy W. Smeltser,
+1-704-752-4478, investor@spx.com, or Media, Jennifer H. Epstein,
+1-704-752-7403, jennifer.epstein@spx.com, both of SPX
Corporation
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