SPX Awarded Contract from Arla Foods for New Processing Systems at Large Dairy Plant in Aylesbury, UK

Feb 25, 2015, 08:00 ET from SPX Corporation

CHARLOTTE, N.C., Feb. 25, 2015 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that its Flow Food and Beverage business has been awarded a second- phase process contract from Arla Foods, a global dairy company and co-operative owned by 13,500 dairy farmers across Europe.

Under the terms of the contract, SPX will design and install a new processing system for Arla Foods' fresh milk dairy located in Aylesbury, UK, which is currently the world's largest. Arla is the number one dairy company in the UK and produces some of the UK's best known dairy brands, including Anchor, Cravendale, Lurpak and Tickler.

The Aylesbury site officially opened in May of 2014 and, upon completion of this second phase, will be capable of producing up to 240,000 litres per hour and one billion litres per year. The milk is supplied by 900 British farmers, the majority of whom are farmer-owners.

This marks the second contract that Arla has awarded to SPX for its Aylesbury dairy processing plant. The first contract, awarded in 2011, called for SPX to provide a full-line, customized dairy processing system capable of producing 650 million litres of fresh milk per year. When this latest second phase is installed, the Aylesbury plant is expected to have the capacity to produce approximately one billion litres of fresh milk per year.

"The Arla plant in Aylesbury features some of our most sophisticated, highly automated, and energy efficient  dairy processing systems, which have helped make it not only one of the world's largest dairy facilities, but quite possibly the world's most sustainable dairy plant," said Marc Michael, president, SPX Flow Food and Beverage. "The plant features numerous advanced technology solutions combined with a fully integrated and automated SPX system for controlling all of the plant's floor equipment."

The facility was designed to set a new standard for sustainability by being the first of its kind to generate zero emissions. According to Arla, it has already achieved zero waste to landfill and will harness renewable energy opportunities.

SPX anticipates completing the project by the end of 2015.

About SPX

Based in Charlotte, North Carolina, SPX Corporation (NYSE: SPW) is a global multi-industry manufacturing leader with approximately $5 billion in annual revenue, operations in more than 35 countries and over 14,000 employees. The company's highly-specialized, engineered products and technologies are concentrated in Flow Technology and energy infrastructure. Many of SPX's innovative solutions are playing a role in helping to meet rising global demand for electricity and processed foods and beverages, particularly in emerging markets. The company's products include food processing systems for the food and beverage industry, critical Flow components for oil and gas processing, power transformers for utility companies, and cooling systems for power plants. For more information, please visit www.spx.com.

Certain statements in this press release are 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 read this press release in conjunction with the company's documents filed with the Securities and Exchange Commission, including the company's annual reports on Form 10-K, and any amendments thereto, and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. Actual results may differ materially from these statements. Statements relating to fulfillment of the contract terms and the words "believe," "expect," "anticipate," "project" 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. In addition, estimates of future operating results are based on the company's current complement of businesses, which is subject to change. Statements in this press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.

Contacts:
Ryan Taylor (Investors)                          Jennifer H. Epstein (Media)
704-752-4486                                       704-752-7403
E-mail: investor@spx.com                     E-mail: jennifer.epstein@spx.com

Notes to editors:

Arla Foods is a global dairy company and co-operative owned by 13,500 dairy farmers circa 2,800 of whom are British.

Dating back to 1881, Arla's purpose is to secure the highest value for its farmers' milk, while creating opportunities for their growth. With production facilities in 11 countries and sales offices in a further 30, Arla is the world's sixth largest dairy company and largest supplier of organic dairy products. Arla has a total of more than 18,000 colleagues and its products are sold under the well-known brands Arla®, Lurpak® and Castello® in more than 100 countries.

Arla Foods UK is the largest dairy company in the country and is home to leading dairy brands Anchor, Cravendale, and Lactofree. It processes 3.5 billion litres of milk a year and has a turnover of £2.3 billion. As well as being number one in fresh liquid milk, butter, spreads and cream, Arla is the UK's largest cheese manufacturer. It has also built the world's largest fresh milk facility located at Aylesbury and has plans for it to be the first zero carbon site of its kind. The UK business has a team of approximately 4,000 colleagues located at its dairies, distribution centres and head office.

SOURCE SPX Corporation



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