mpany sells transformers under the Waukesha brand name. Typical customers for this product line are publicly and privately held utilities. The company designs, manufactures and markets industrial tools and hydraulic units, portable cable pipe locators, fare collection systems, and spectrum monitoring and signal intelligence systems. The primary distribution channels for Industrial Products and Services and Other are direct to customers, independent manufacturing representatives and third-party distributors. Competition: The company’s competitors include ABB Ltd.; GE-Prolec; Siemens; Hyundai Power Transformers; Delta Star Inc.; Philadelphia Transformer; SGB-SMIT Group; Virginia Transformer Corporation; Howard Industries, Inc.; and WEG S.A. Joint Ventures As of December 31, 2013, the company had a joint venture, EGS Electrical Group, LLC and Subsidiaries (EGS), with Emerson Electric Co., in which it held a 44.5% interest. EGS operates primarily in the United States, Brazil, Canada and France, and is engaged in the manufacture of electrical fittings, hazardous location lighting and power conditioning products. The company has a joint venture with the Shanghai Electric Group Co., Ltd. (Shanghai Electric), in which it holds a 45% interest. Shanghai Electric controls and operates the joint venture, which supplies dry cooling and moisture separator reheater products primarily to the power sector in China. International Operations The company has a multinational corporation with operations in approximately 35 countries. Research and Development For the year ended December 31, 2013, the company expensed $44.7 on research activities relating to the development and improvement of its products. Patents/Trademarks The company owns approximately 350 domestic and 240 foreign patents, including approximately 15 patents that were issued in 2013, covering various products and manufacturing methods. History The company was founded in 1911. It was incorporated in Muskegon, Michigan in 1912 as the Piston Ring Company and changed its name to SPX Corporation in 1988.
spx corp (SPW:New York)
13320 Ballantyne Corporate Place
Charlotte, NC 28277
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To contact SPX CORP, please visit www.spx.com. Company data is provided by Capital IQ. Please use this form to report any data issues.