SPX is headquartered in Charlotte, North Carolina and employs more than 14,000 people worldwide in over 20 countries.
Based in Charlotte, N.C.,
SPX designs, delivers and services products concentrated in rotating, actuating and hydraulic technologies, as well as automated process systems.
Mohammed Imran Khan, division director at V-Line Middle East added: "We are delighted to partner with
SPX Flow and help them increase responsiveness to customer needs in Saudi Arabia.
The Ba2 Corporate Family Rating ("CFR") reflects
SPX Flow's global scale, extensive geographic footprint, and end market diversification.
The investment by GMFA will support
SPX's growth plans, focused on further penetration in Turkey, introducing new brands, and entry into major European and Middle Eastern markets.
The inclusion of
SPX Weeklys into the VIX methodology will not alter the VIX formula.
SPX's broad product portfolio enables customers to address the specific targets and challenges they face with a process.
The
SPX Plenty brand offers a wide range of screw and vane pumps which are used for the pumping of heavy viscous liquids in multiple applications within the power generation industry.
"Launching the
SPX Qatar denotes taking the first step in implementing the GPCP, which is a unique programme which Qatar is the first to implement in the region," says HE Sheikh Jassim.
"The Industrial Subcontracting and Partnership Exchange (
SPX), promoted by GOIC, strengthens the capacity of small and medium industries (SMI) to encourage import substitution and exports of manufactured goods.