SPX Breaks Ground On $40M China Manufacturing Campus
SHANGHAI, Nov. 16, 2010/PRNewswire/ -- SPX Corporation today reiterated its long-term commitment to China and the Asia-Pacific region with an official ground-breaking ceremony marking the start of construction of its new 53-acre China manufacturing campus, which is being built in the FOHO Economic Development Zone.
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. The 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.
"SPX continues to see significant demand for its products and services in China and the Asia-Pacific region," said SPX Asia-Pacific President Bob Foreman during a ground-breaking ceremony at the site. "This new state-of-the-art manufacturing campus underscores our long-term commitment to growing SPX's presence in China and the broader region.
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.
"More importantly, we believe our increased emphasis on product localization and business consolidation will enable us to further elevate the quality of our services through closer collaboration with our Chinese customers," Foreman added.
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. The planned campus will include facilities to provide employee training and development opportunities, and serve as an incubator of future leaders in the region. These facilities are also planned to accommodate the education needs of customers and suppliers.
SPX has been in China since 1994 and provides products and services to support China's growing energy infrastructure and is involved in many highly complex engineering solutions in China.