CHARLOTTE, N.C., March 2, 2011 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today released additional details regarding its Thermal Equipment and Services segment entry into a $20 million contract to replace moisture separator reheaters (MSRs) for Biblis nuclear power plant A, located in the west-central region of Germany and operated by RWE Power. Plans call for SPX's Balcke-Duerr business to manufacture and install the components.
"Having installed moisture separator reheaters at nuclear power plants since the late 1960s, SPX is a pioneer of this key technology in nuclear power generation, and has supplied Balcke-Duerr-branded moisture separator reheaters to power plants throughout Germany," said Drew Ladau, SPX segment president. "We supplied the replacement MSRs for Biblis plant B in 2003, and we appreciate the continued trust placed in the reliability and efficiency of our systems."
The Biblis plant, located 13 kilometers north of the city of Worms in the Hessen region, consists of two pressurized water reactor units with a total electrical capacity of about 2,500 MW. At full output, the units generate enough electricity annually to meet the needs of five million residential households in Germany. According to RWE Power estimates, the plants also prevent emissions of about 15 million tons of carbon dioxide per year, in comparison to power generation from fossil fuels. RWE Power is the second largest generator of power in Germany.
With decades of experience in supplying MSRs, Balcke-Duerr offers proven designs for both vertical and horizontal MSRs. In addition to manufacturing Balcke-Duerr branded products used worldwide, SPX's thermal equipment and services segment is a leading provider of wet, dry and hybrid cooling towers, used by thousands of power stations and plants in more than 60 countries across six continents.
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 www.spx.com.
Certain statements in this press release including any statements relating to fulfillment of the terms of the referenced contracts, 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