13 August 2010 - Moody's said that it lifted the ratings on US-based multi-industrial manufacturer
SPX Corp's (NYSE:SPW) senior unsecured notes to Ba1 after the company added USD250m (EUR195.2m) to its new issue.
SPX will engineer and manufacture specialty valves for the AP1000 plants.
Chris Cashmore, Bolting Systems BD lead at
SPX FLOW commented, "The Bolting Systems brand is strong in West Africa and the new calibration centre is part of our continued commitment to enhance customer service and experience.
SPX Brands diverse portfolio includes PolarX Ornaments and Gifts, SolarX Eyewear, Uniquely Coastal, Woodland Expressions, Sweet Bird and Co.
For the full year,
SPX reported sales of $2.09 billion.
Its 400-sq-m facility in Saudi Arabia has capacity for 260 pallets and will provide comprehensive component and spares support and management services for
SPX Flow products to customers across dairy, food & beverage and pharmaceutical.
He further informed that a Trainer from Winning Moves - UK was engaged to train SMEDA employees on
SPX benchmarking tools.
Cambridge Pixel has enhanced its field-proven
SPx radar tracking software with new modeling algorithms to support the detection and tracking of small and weak targets in a range of commercial and military security applications, the company said.
Certification of Evolutiondeck
SPX structural members as International Building Code- and International Residential Code-compliant will provide big box retailers and independent hardscape/landscape dealers new leverage in promoting paver and patio slab projects.
New York: Moody's Investors Service changed
SPX Flow (Flow) rating outlook to negative from stable to reflect Flow's elevated leverage, and ongoing market weakness in the company's end markets.