SPX appoints Raj Kapur as General Manager of SPX India and Africa

Proven Leader to Help Drive SPX’s Continued Expansion in Key Emerging Markets

SPX Corporation (NYSE: SPW) today announced the appointment of Raj Kapur as General Manager of SPX India and Africa.  Mr. Kapur comes to SPX from Dow Corning where he spent more than 30 years, most recently serving as chairman and managing director of Dow Corning India Pvt Ltd.

In this newly created position, Mr. Kapur will be responsible for directing and overseeing SPX's overall growth and expansion efforts in India, as well as the African continent. In doing so, he is expected to work closely with other business segment leaders to drive the continued international expansion of SPX’s broad array of businesses serving the energy infrastructure, process equipment and vehicle service end markets.

“The rapidly developing markets of India and Africa present significant opportunities for our businesses serving the energy, food and transportation industries, and are central to our overall expansion strategy,” said SPX Chairman, President and Chief Executive Officer Christopher J. Kearney. “Raj’s extensive leadership skills and local experience, coupled with his proven ability to build market leadership and efficiently manage a growing sales force, make him the ideal person to help us further elevate our presence in these important regions of the world.” 

One of Mr. Kapur’s first priorities will be to build out SPX’s local sales force and workforce in India, which now totals approximately 200 employees. He also will be responsible for identifying potential strategic acquisitions and alliances similar to the joint venture SPX established last year with Thermax Ltd., a leader in energy and environmental management based in Pune, India. That joint venture is currently marketing SPX’s pollution control and heat transfer technologies to power producers in India and other countries in Southeast Asia.

Additionally, Mr. Kapur will seek to expand SPX’s growing footprint in Africa. The company currently has a significant presence in South Africa, supplying cooling towers and thermal components for new and existing power plants, including two massive new power stations: Medupi and Kusile. SPX has approximately 400 employees working for its businesses in the region.

During his extensive career at Dow Corning, Mr. Kapur helped the company establish itself as one of the fastest growing specialty chemical companies in India. Prior to that, he held positions in numerous other areas within the company, including engineering, economic evaluation, marketing and product line management. Mr. Kapur earned a master’s degree in polymer engineering from Case Western University in Ohio, and a bachelor’s degree in chemical engineering from the Indian Institute of Technology in Kanpur, India. He also earned a master’s degree in administration from Central Michigan University.

About SPX
SPX Corporation (NYSE: SPW) is a Fortune 500 multi-industry manufacturing leader that provides its customers with highly-specialized, engineered solutions to solve critical business issues.

SPX products and technologies play an important role in the expansion of global infrastructure to help meet increased demand for power and energy and support many different sources of power generation, including coal and natural gas, nuclear, solar and geothermal. The company’s innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; highly advanced food processing components and turnkey, scalable systems serving the global food and beverage industry; process equipment that assists a variety of flow processes including oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that allow utility companies to regulate electric voltage, transmission and distribution.

With headquarters in Charlotte, North Carolina, SPX has 15,000 employees in more than 35 countries worldwide. Visit http://www.spx.com.

Certain statements in this press release 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 "expected," "anticipated" 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.