SPX Corporation has hailed improved performance at ClydeUnion Pumps as one of the reasons for its strongest financial quarters of the year, writes Greig Cameron.
The US firm bought the Glasgow business from Jim McColl's Clyde Blowers for a deal in the region of £750 million in December 2011.
However, SPX angered unions when it cut 80 jobs at the former Weir Pumps business in summer last year. Now SPX has posted a 14.1% fourth quarter revenue rise to $1.44 billion while net income rose from $63.5m to $140.8m.
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