Company Awarded $235 Million Contract
Products Will Help Reduce Emissions
CHARLOTTE, N.C., Dec. 10 /PRNewswire-FirstCall/ -- SPX Corporation
(NYSE: SPW) today announced that its thermal equipment and services
affiliate has been awarded a $235 million contract with Hitachi Power
Africa (Pty) Ltd , a subsidiary of Hitachi Power Europe GmbH (HPE) to
provide critical products for South Africa's new Medupi power station.
"SPX has a strong commitment to help build energy infrastructure around
the world. The products and engineering expertise we provide will enable
South Africa's new power station to be one of the most modern and efficient
facilities in the world," said Chris Kearney, Chairman, President and CEO
of SPX.
"We have an established presence in South Africa so we are well
positioned to help the country meet its increasing power and energy demand.
We are making a substantial investment in our manufacturing facilities and
employee base, and are committed to build our business for the long-term in
South Africa," he added.
Eskom, South Africa's state-owned utility company, recently awarded a
contract to Hitachi Power Europe and Hitachi Power Africa to manufacture,
build and supply steam generators for the Medupi power station. Medupi will
be the first coal-fired power plant to be built in the country in 20 years.
It will be located near Lephalale, in the Limpopo province. Eskom expects
the power station to begin supplying power to the national grid in the next
four to five years.
"We are pleased to support Eskom in the challenges it is facing and in
contributing to the overall sustained success of Eskom capacity expansion
programme," said Klaus-Dieter Rennert, Chief Operating Officer of Hitachi
Power Europe.
Under the $235 million contract, SPX's business will supply Balcke
Duerr branded pulse jet fabric filters and air preheaters, and manufacture
pressure parts for six 800 MW boilers.
"Our highly efficient and environmentally friendly filters and air
preheaters will help reduce emissions and enhance the productivity of
Medupi," said Drew Ladau, President of SPX Thermal Equipment and Services.
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
14,000 people worldwide in over 20 countries. Visit http://www.spx.com. (NYSE:
SPW) Certain statements in this press release may be forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act
of 1934, as amended, and are subject to the safe harbor created thereby.
Please refer to our public filings for a discussion of certain important
factors that relate to forward-looking statements contained in this press
release. The word "scheduled" and similar expressions identify
forward-looking statements. Although the company believes that the
expectations reflected in its forward- looking statements are reasonable,
it can give no assurance that such expectations will prove to be correct.
SOURCE SPX Corporation
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Related links:
http://www.spx.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
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