ABB To Invest $30 Million In New Transformer Unit In Poland

ZURICH--ABB Ltd (ABBN.VX) Wednesday said it will will invest around $30 million in a new plant in Poland making components for power and distribution transformers, with the new unit located next to ABB's existing transformer facilities in Lodz.

MAIN FACTS:

- The 10,000 sqm factory will be completed by mid 2013 and will employ about 140 people including machine operators and logistics, purchasing, quality and engineering support personnel.

- "The new component manufacturing plant will act as a feeder factory for our transformer units in the region," said Bernhard Jucker, head of ABB`s Power Products division. "This investment reinforces ABB's continued commitment to Europe and underlines our strong position in the market".

- The new factory will manufacture transformer components to support ABB`s existing transformer manufacturing facilities in Lodz.

- These units manufacture power transformers rated up to 300 MVA (megavolt ampere) with voltages up to 500 kV (kilovolts) and oil-filled distribution transformers rated from 30 to 2,300 kVA (kilovolt amperes). Both factories serve the European market, and the power transformer operation also serves other regions.

-Zurich Bureau, Dow Jones Newswires, [phone]; [e-mail]