SOURCE: Industrial Info Resources

Industrial Info Resources

August 04, 2011 06:30 ET

Upturn in Power Transformer Sector Buoys SPX Earnings, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 4, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Specialized engineered products manufacturer SPX Corporation (NYSE:SPW) (Charlotte, North Carolina) pointed in part to an upturn in demand for power transformers for helping raise the company's second-quarter revenues 16% from the corresponding quarter of 2010. As increased Power Industry generation and transmission projects get under way, the market for power transformers is increasing. To help meet this increased demand, SPX subsidiary Waukesha Electric Systems (Waukesha, Wisconsin) is under way on a $70 million expansion project at the company's transformer manufacturing plant in Waukesha.

Industrial Info is currently tracking projects worth more than $460 million in the U.S. power transformer manufacturing sector. Our North American Industrial Manufacturing Database covers plant and project information in all manufacturing sectors, including automotive, transportation, fabricated metal products, infrastructure and more.

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