) recently received a contract from Biocom Ltd. to provide a dairy
processing system for the latter's Nesvizh Baby Food Factory in The
Republic of Belarus. The deal is valued at $28 million and the new
baby food plant is scheduled to start operations by the end of 2015
The scope of the contract requires SPX to provide a turnkey
dairy processing system backed by a comprehensive portfolio of
solutions integrated with ultrafiltration and infusion
technologies. Further, the dairy processing system will include an
assortment of highly engineered 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.
Biocom intends to establish an advanced baby food processing
plant in Belarus to meet the growing global demand for baby food.
Also, Biocom intends to process about 500 tons of milk daily in
this new facility and export the surplus. The new plant primarily
aims at producing liquid baby food, variety of yogurts, cottage
cheese and an array of milk including ultra-high temperature,
extended shelf life, pasteurized and flavored milks.
This deal will feature under SPX Corp's Flow Technology segment
which primarily offers an extensive portfolio of products and
services that help processors counter application challenges. Flow
Technology revenues for the quarter increased 0.6% to $616.7
million as against $613.0 million in the prior-year quarter. The
marginal increase was driven by increased sales of oil & gas
aftermarket services, power and energy valves, industrial flow
components, as well as food and beverage systems.
SPX Corp. is a global multi-industry manufacturing leader and
its highly-specialized engineered products and innovative
technologies help it to fulfil rising demand for electricity and
processed foods and beverages, particularly in emerging
SPX currently carries a Zacks Rank #4 (Sell). Some better-ranked
stocks in the sector include
Altra Holdings Inc.
). All three hold a Zacks Rank #2 (Buy).
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