CHARLOTTE, N.C. — Charlotte-based SPX Corp. (NYSE: SPXC) – a global supplier of products and technologies for the HVAC, detection and measurement and engineered solutions markets – is setting up shop in the Surry County town of Pilot Mountain.
The company is leasing the former Elastrix building on Stephens Street. The Fortune 1000 company will employ 10 to 15 people in the space.
The move comes after SPX lost its lease in a building it occupied in Pennsylvania.
“We looked around for where we wanted to move the operation, and Pilot Mountain and the Surry County area came up high on our radar,” Paul Clegg, SPX's vice president of investor relations, told Triad Business Journal. “We liked the location relative to our customer base and the quality labor pool.
"We also happen to have several other operations located in the Carolinas, including our headquarters in Charlotte, so, it’s easy for us to get to.”
The company offered no details about the function of the staff there. Clegg said it will open with about 10 employees with the possibility of adding more.
“We’re in the hiring process right now,” he said. “We’re moving some equipment there, also. Our goal is to be up and running by the end of September.”
SPX Corp. had approximately $1.4 billion in annual revenue in 2018 and employs about 4,000 in about 17 countries.
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