New manufacturing campus to boost Chinese presence, says SPX
SPX Corp launched construction yesterday of a US$40m ‘manufacturing campus’ as part of its strategy to expand in China and the Asia-Pacific region.
The company held a ground-breaking ceremony for the 53-acre site that will be built in the FOHO Economic Development Zone, near Shanghai, over the next three years. The first phase is scheduled for completion next year and the centre is expected to eventually have 1,000 workers.
The campus is designed to support both regional and global expansion for all areas of is business, the company said. The facility will also contain R&D, logistic and customer service functions.
"SPX continues to see significant demand for its products and services in China and the Asia-Pacific region," said SPX Asia-Pacific President Bob Foreman.