According to the agreement, the joint venture would be located in Pune, India. Thermax would own a majority 51% and the remaining 49% would be owned by SPX.
The new company, through the establishment of the joint venture, would be able to provide SPX’s Balcke-Dürr branded, sub-300 megawatt electrostatic precipitator technology, to power plants of any size, including much larger facilities, exceeding 300MW. The Thermax-SPX joint venture would also sell Balcke-Dürr’s proven lines of rotary heat exchangers and pulse jet bag filters for power plants.
The companies planned for the joint venture to initially market three core product lines consisting of Balcke-Dürr’s rotary heat exchangers, electrostatic precipitators and bag filters. All three product lines are suited to meet the needs of large coal-fired power plants producing more than 300MW.
Balcke-Durr’s rotary heat exchangers are also designed to improve the efficiency and performance of very large coal-fired plants, while its electrostatic precipitators and bag filters are designed to reduce emissions. The company has installed 1500-ton regenerative air preheaters in a power plant located in Walsum, Germany.
Drew Ladau, president of SPX segment, said: “While we are initially focused on bringing three of our proven lines of products into India, we plan to work with Thermax to develop new products tailored specifically to meet the needs of prospective customers in India and Southeast Asia.”
