We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ABB Ltd | NYSE:ABB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.13 | 0 | 00:00:00 |
From Dec 2022 to Dec 2024
By Pierre Bertrand
ABB Ltd. said Tuesday that it is investing around $170 million across seven U.S. states as customer demand for electrification and automation products rises.
The Swiss-technology company said it is investing in projects in Wisconsin, Tennessee, Georgia, New Mexico, Michigan, Pennsylvania and South Carolina.
Laws including the U.S. Inflation Reduction Act and the Infrastructure Investment and Jobs Act give ABB confidence to invest in manufacturing capacity, technology innovation and distribution systems, the company said.
The U.S. is ABB's largest market, accounting for 24% of its annual revenue, while 85% of its sales in the U.S. are from locally-produced products, the company said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
April 04, 2023 08:47 ET (12:47 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year ABB Chart |
1 Month ABB Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
