SPX Awarded Contract to Establish Powder Infant Formula Plant in New Zealand

CHARLOTTE, N.C., Sept. 29, 2011 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that its Flow Technology segment has been awarded a large contract from Gardians Ltd., to establish a dry powder nutritional and infant formula processing plant near Balclutha, South Island, New Zealand.  When completed, the new plant will convert fresh milk into powdered nutritional and infant formula products for export to the world's emerging markets.

"This is a significant win for SPX in the Asia-Pacific region, and further validates the strategic food and beverage processing acquisitions we've made in recent years, including APV, Gerstenberg Schroder, Anhydro and B.W. Murdoch," said Don Canterna, SPX segment president.  "The Gardians project will allow us to showcase the growing spectrum of food and beverage processing technologies and project engineering capabilities we can bring to bear in creating end-to-end dairy production facilities for our customers.  We look forward to working with Mr. Sutton, Mr. Paterson and the rest of the Gardians team on the successful completion of this high volume, high quality powdered nutritional and infant formula plant."

Gardians Ltd. was established this year by Brent Sutton, owner of Sutton Group, a privately owned, New Zealand-based food, beverage and dairy company, and Grant Paterson, an agricultural investor and owner of New Zealand-based Paterson Dairy.  Gardians anticipates that the new plant, which is expected to be operational in 2012, will have the capacity to produce 20,000 tons of powdered nutritional and infant formula per year.

"A growing world population and expanding middle class is driving demand for high quality powdered nutritional and infant formula products, particularly in the world's emerging markets," said Brent Sutton, of Gardians.  "We expect our new facility to play a significant role in meeting that rising demand.  We chose SPX to construct our new plant based on its deep expertise in liquid dairy and dry powder processing systems, broad range of process equipment and proven track record of successful dairy facility engineering and project management."

SPX will be responsible for constructing the approximately 27,000 square-foot facility for Gardians, as well as designing and installing all the technologies needed to convert fresh milk into dry powder nutritional and infant formula.  These highly advanced, automated systems will utilize both wet and dry food processing technologies from a number of suppliers, including SPX's APV and Anhydro brands.  One of SPX's recent acquisitions, New Zealand-based B.W. Murdoch, will contribute its dairy engineering expertise and provide on-site project management support toward the execution of the project.

About SPX

Based in Charlotte, North Carolina, SPX Corporation (NYSE: SPW) is a global Fortune 500 multi-industry manufacturing leader with nearly $5 billion in annual revenue, operations in more than 35 countries and approximately 15,500 employees. The company's highly-specialized, engineered products and technologies serve customers in three primary strategic growth markets: infrastructure, process equipment and diagnostic tools. Many of SPX's innovative solutions are playing a role in helping to meet rising global demand, particularly in emerging markets, for electricity, processed foods and beverages and vehicle services. The company's products include thermal heat transfer equipment for power plants; power transformers for utility companies; process equipment for the food & beverage industry; and diagnostic tools and equipment for the vehicle service industry. For more information, please visit http://www.spx.com/.

Certain statements in this press release including any statements relating to fulfillment of the terms of the referenced contract, 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 "expect," "believe" and similar expressions may 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. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.

SOURCE SPX Corporation