SPX's Contech Business Receives Contract
11 September 1998
SPX's Contech Business Receives Contract from Visteon Automotive SystemsMUSKEGON, Mich., Sept. 11 -_ SPX Corporation today announced its Contech division has been awarded a three-year contract to supply aluminum, magnesium and zinc die-cast components to Visteon Automotive Systems, an enterprise of Ford Motor Company . Under the terms of the contract, SPX will expand the line of die-cast components it already provides to Visteon, as well as increase the number of global locations to which it currently distributes components. The contract will add in excess of $40 million in annualized revenues to SPX's existing business with Visteon by the year 2001. Gary Walker, President of Contech said, "We are pleased Visteon has chosen SPX to provide quality die-cast components to its global operations. This growth opportunity will enlarge our business to include additional components and will also grow our international business to other regions of the world." SPX Corporation is a global provider of Vehicle Service Solutions to franchised dealers and independent service locations, Service Support to Vehicle Manufacturers, and Vehicle Components to the worldwide motor vehicle industry. The Internet address for SPX Corporation's home page is http://www.spx.com.