SPX Awarded Contract from Biocom to Provide Dairy Processing System for Baby Food Plant in Belarus

CHARLOTTE, N.C., July 8, 2014 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that it has been awarded a contract worth more than $28 million to help Biocom Ltd. establish the Nesvizh Baby Food Factory in The Republic of Belarus.

Biocom expects the new baby food factory to be export-oriented with sufficient capacity to process 500 tons of milk per day.  The baby food factory is expected to produce liquid baby food, a wide range of yogurts, cottage cheese and a variety of milk including ultra-high temperature, extended shelf life, pasteurized and flavored milks.

Under the terms of the contract, SPX has agreed to provide Biocom with a turnkey dairy processing system featuring an extensive portfolio of SPX solutions utilizing ultrafiltration and infusion technologies. The system will include an array of highly engineered  SPX equipment, including homogenizers, separators, plate and scraped surface heat exchangers, bacteria clarifiers, pumps, valves, membrane technology, extended shelf life technology with microfiltration and ultra high temperature tubular infusion plants.

"SPX is working with Biocom to establish a state-of-the-art dairy processing plant in Belarus that is designed to deliver high capacity while also being highly flexible and highly efficient," notes Marc Michael, president of SPX Flow Food and Beverage.  "We are leveraging our deep expertise in fresh dairy processing to help Biocom create a dairy plant that is optimized for product consistency, operational efficiency, food safety and sustainability."

The Nesvizh Baby Food Factory is the second SPX Biocom project since 2013, and is projected to become fully operational in either late 2015 or 2016. The first project was executed on behalf of the Primemilk division of Biocom, and involved SPX designing and installing a whey processing plant.

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, including those related to performance under the contract, 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. The words "expect," "agreed," "projected" 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.

SOURCE SPX Corporation

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