Multi-industry manufacturer SPX Corporation today held an official ground-breaking ceremony to mark the start of construction of its new 53-acre manufacturing campus in the FOHO Economic Development Zone in China.
The planned campus represents a $40 million investment by SPX over the next three years to support the company's business expansion in China and facilitate product localization efforts serving both China and global markets.
With headquarters in Charlotte, North Carolina, the SPX product portfolio includes cooling systems for power plants throughout the world; highly advanced food processing components and turnkey, scalable systems serving the global food and beverage industry; process equipment that assists a variety of flow processes including oil and gas exploration, distribution and refinement and power generation and power transformers that allow utility companies to regulate electric voltage, transmission and distribution.
The new campus is intended to provide integrated services for all aspects of SPX business activities in key growth areas: global infrastructure, process equipment and diagnostic tools. In addition to manufacturing, the planned campus will house facilities dedicated to research and development, logistics and customer service functions.
"This new state-of-the-art manufacturing campus underscores our long-term commitment to growing SPX's presence in China and the broader region,” said SPX Asia-Pacific President Bob Foreman. “It will strengthen the support we provide to our customers in China, foster greater collaboration across all of our businesses, enhance our products and services and further develop the skills of our nearly 3,000 employees in China.”
Completion of the first phase of the facility is anticipated by the end of 2011. About 1,000 SPX employees are expected to work at the new campus.
