SPX Corporation and Thermax Limited recently announced that they have entered into an agreement to form a new strategic joint venture to market SPX's industry-leading products to India's rapidly growing power sector, and selectively to Southeast Asia. Under the terms of the agreement, the joint venture will be located in Pune, India, and Thermax will own a majority 51 percent and SPX the remaining 49 percent.

According to the SPX’s press release, the joint venture plans to initially market three core product lines consisting of Balcke-Dürr's world-renowned rotary heat exchangers, electrostatic precipitators and bag filters. All three product lines are well-suited to meet the needs of large coal-fired power plants producing more than 300 megawatts. In this case, Balcke-Dürr's rotary heat exchangers are also designed to enhance the efficiency and performance of very large coal-fired plants, while its electrostatic precipitators and bag filters are designed to reduce emissions.

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