Abb Share Discussion Threads

[ariane] 21/6/2007 07:55

ABB wins 126 mln usd substation order in United Arab Emirates


ZURICH (Thomson Financial) - ABB LTD said it has won a 126 mln usd order for
three turnkey substations from the Abu Dhabi Water & Electricity Authority.
Under the terms of the contract, ABB will provide three substations
supplying power to Al Reem Island, off the northeastern coast of Abu Dhabi, the
Swedish-Swiss engineering group said.
ABB said it will complete the first phase this project within the next 18
months.
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jmt/hjp/jmt/jms

[ariane] 21/6/2007 06:45

Swiss shares TFN at a glance outlook
Date : 21/06/2007 @ 07:40
Source : TFN


Swiss shares TFN at a glance outlook


ZURICH (Thomson Financial) - Share prices are expected to open lower,
tracking an overnight sell-off on Wall Street after revived interest rate
concerns.
In pre-bourse trading, the Swiss Market Index was 82.85 points lower at
9,264.43.
Yesterday, the Swiss Market Index closed 13.88 points higher at 9,347.28 and
the Swiss Performance Index closed 16.10 points higher at 7,625.57.

FORTHCOMING EVENTS
TODAY
-Credit Suisse/ZEW spring indicator
-Swiss May trade balance
-Swiss May watch exports

TOMORROW
-Swiss govt June economic forecast
-SNB 100-year anniversary celebrations

TODAY'S PRESS
-Credit Suisse, Deutsche Bank boost hedge fund operations - report
(Financial Times)
-Julius Baer considers divestment in bid to stay independent - report (Wall
Street Journal)

COMPANY NEWS
-Zuercher Kantonalbank cuts OC Oerlikon stake ot 6.3 pct, from 19.6 pct
-Novartis' blood pressure drug Exforge receives final clearance by FDA
-Converium to hold EGM on August 16 following successful Scor offer

MACROECONOMIC NEWS
-none

MARKET NEWS/SENTIMENT
-ABB price target hiked to 32 sfr vs 28 sfr by UBS, confirms 'buy'
recommendation.
-Adecco added to Merrill Lynch Europe 1 list, target upped to 108 sfr from
102.
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at/jag

[grupo] 20/6/2007 09:55

Swiss shares higher as chemicals benefit from takeover speculation
Date : 20/06/2007 @ 10:45
Source : TFN


Swiss shares higher as chemicals benefit from takeover speculation


ZURICH (Thomson Financial News) - Share prices rose in morning trade
following overnight gains on Wall Street and in Asia and with chemicals surging
on takeover speculation.
At 11.20 am, the Swiss Market Index was up 37.86 points at 9371.12, and the
Swiss Performance Index was up 30.04 points at 7639.51.
The euro fell to 1.6622 sfr, while the dollar dropped to 1.2381 sfr.
"We expect a positive day based on gains on Wall Street and in Asia, which
did better yesterday," a UBS trader said.
In chemicals, Clariant rose 3.5 pct or 0.65 sfr to 20.80 on renewed takeover
speculation, along with Ciba which was up 3.1 pct or 2.50 sfr at 82.45.
US chemicals company Huntsman is interested in acquiring either Clariant or
Ciba, or parts of them, said chief executive Peter Huntsman in an interview to
Swiss newspaper Handelsblatt.
ABB was another gainer here, rising 2 pct or 0.50 sfr to 27.90 after HSBC
raised its target price on the shares to 32.00 sfr from 26.50 and reiterated its
'overweight' rating.
In financials, Zurich Financial was up 1.9 pct or 7.50 sfr at 395.25, with
investors shrugging off news that its US subsidiary, Zurich American Insurance
Co, had been fined 1.25 mln usd by a New York federal court in litigation
connected with insurance coverage of the Twin Towers.
Smaller peer Baloise also rose 1.6 pct or 2.00 sfr to 126.30.
Swiss Re climbed 0.40 sfr to 115.90, while Swiss Life was higher by 1 pct or
3.25 sfr at 330.50.
Banking stocks were also higher across the board, with UBS climbing 0.55 sfr
to 78.05. Earlier the banking heavyweight reiterated its strategy, saying a
break-up of its three main divisions -- wealth management & business banking,
investment banking and global asset management -- would destroy significant
value.
Credit Suisse rose 0.40 sfr to 92.35, while Julius Baer was up 0.30 sfr at
90.20.
In the pharma sector, Roche traded flat at 217.50, while Novartis eased 0.05
sfr to 68.80.
Other decliners included Nestle, which fell 0.25 sfr to 462.25, and Nobel
Biocare, down by 2.25 sfr at 405.50.
Outside the SMI, shares in Swiss computer peripherals company Logitech rose
2.2 pct or 0.75 sfr to 34.45 after the company said it will repurchase shares
worth up to 250 mln usd under a new buyback programme, replacing its current
programme which was launched last November.
[e-mail]
sf/ejb

[grupo] 19/6/2007 10:03

ABB working on projects worth $1bn in QatarPublished: Tuesday, 19 June, 2007, 08:27 AM Doha Time

By Pratap John

Villiers with ABB's communications executive Nicole Bender and Chakravarty

DOHA: ABB, a global major in power and automation technology, is currently executing orders worth $1bn in Qatar. The Zurich-based firm, which is on an expansion drive in Qatar, is now installing high precision power equipment and systems for Kahramaa after successfully completing many projects with the state's sole electricity and water distributor.
ABB is also involved in many onshore and offshore projects of Qatar Petroleum, Qatargas, Maersk Qatar, Occidental Petroleum and Qatalum.
ABB has been involved in the New Doha International Airport (NDIA) project, 2006 Doha Asian Games, Pearl- Qatar, Energy City, Ras Laffan Port, Ras Laffan Dry Dock, Doha Port and some 200 commercial and residential towers across Qatar.
Speaking to Gulf Times yesterday ABB vice-president and head of process automation division Barun Chakravarty said the firm hoped to get involved in Gulf Cement Company's new plant in Qatar and Qatar National Cement Company's plant expansion at Umm Bab. "We are also looking at opportunities in the new power generation facilities under Kahramaa Phase 8 and Phase 9," Chakravarty said.
He said ABB had also won contracts from the EPC contractors of Pearl GTL Project, Qatargas 2 (LNG trains 4 and 5) and Qatargas 3 and 4 (trains 6 and 7).
"Prospects have brightened for our division ABB Lummus to get involved in a world scale petrochemical complex being set up in Qatar as a QP: Honan joint venture," Chakravarty said. ABB is also looking at major opportunities resulting from the expansion of the Al Shaheen oilfield, offshore Qatar, being operated by Maersk Qatar.
Chakravarty said ABB's core business was power products and process automation. Of the company's five divisions only robotics has so far not got involved in any Qatari project.
Chakravarty said his company was proud of its achievements in Qatar since 1970. It played a key role in setting up power and water facilities at Ras Abu Fontas.
Though not directly involved in power generation anymore, ABB is a major player in power transmission and distribution.
"We believe our order backlog will grow further in Qatar," Chakravarty said.
ABB country manager Johan de Villiers said the company was rapidly growing in Qatar, which would soon emerge as one of the key operational areas of the Zurich-based firm.
"Our technology competence, broad application know-how and global presence offer customers easy access to leading engineering and industry automation solutions. We provide leading power and automation technologies to customers worldwide," Villiers said.
Currently, ABB has about 100 regular employees in Qatar. Worldwide it employs about 109,000. Listed on the Stockholm, Swiss and New York exchanges ABB earned a revenue of $24.4bn last year

source: Doha Times

[grupo] 18/6/2007 10:03

Global out of India

BACKSTAGE

Subir Roy / Bangalore June 18, 2007



Ravi Uppal hasn't done something lately that can grab newspaper headlines. He has risen one notch up the corporate ladder in the global automation and power equipment firm, ABB. But a lot hangs by this hierarchical change which is symbolic in many ways.

Uppal joins the top management team of the group, its executive committee. In this position he will report to the CEO on the performance of all the markets or regions in which the company has carved up the world, plus take direct responsibility for the group's top customers.

Uppal's rise in ABB - from being in charge of India, to overseeing the south Asia-Pacific region which stretches from Afghanistan to Australia via ASEAN, to now looking after all the regions of the world - has run parallel to the exceptional growth of ABB's business in India. In six years (2000-06), revenue has gone up 5.4 times and simultaneously margins have improved.

Till a few years ago, for ABB, India was doing well but China was considered to be in a different league. Not any more. India is now number one in growth rate among all of ABB's major markets in the world. So, Uppal's rise partially symbolises the rise of Indian manufacturing.

It also symbolises the rise of Indian managerial talent. It is not as if ABB was unexposed to exceptional managers of Indian origin. Uppal, in fact, replaces another Indian name on the executive committee, Dinesh Paliwal who has just left the company. But the difference is that whereas Paliwal was an NRI who has always worked in the west, Uppal (55) has spent the major part of his professional life (20 years) with ABB in India. So, Uppal is really an Indian manager out of India who has made good globally, as opposed to the likes of Indra Nooyi of Pepsi who represent the successful non-resident Indian manager.

A quick look at Uppal's CV reveals why he was destined for high places. He has that classical Indian double distinction - alumnus of IIT, Delhi and IIM, Ahmedabad. Plus, his first job was as assistant to the legendary public sector manager, V Krishnamurthy who was then heading BHEL and crafting it to become a future giant. Despite being a high flying manager in MNCs for most of his working life, there is something quite earthy and indigenous about him. His accent remains quite Punjabi and his energy level equally so.

The combination of engineering fundamentals, business school staple and Indianness have given Uppal a distinctive management style. On taking over at the top of ABB India five years ago after a brief stint in Volvo India, he decided that he needed to make a splash in the first 100 days to establish that he meant business. So, several managers went out the door. Then internal barriers were broken down, quite literally, through the adoption of open plan offices.

To establish the Indian imperative, Uppal has taken took two notable initiatives in his career. In Volvo, he stopped the holding of pujas within the office or the shop floor. And when he returned to ABB he got HR to recruit from literally all over India, resulting in several intakes from the northeast. Thus his management ethos includes being both strictly secular and inclusive.

ABB India under his leadership has also got the future tense right. It is the IT leader in south Asia-Pacific and is implementing the wiring up (ERP installation) of the region. The global engineering centre in Bangalore is the group's biggest, detailing the engineering and design of turnkey projects. Plus the R&D operation in India, part of global R&D, is growing fast. So, Uppal symbolises the rise of Indian manufacturing, management, IT and also authentic Indianness. That's saying a lot.

[waldron] 12/6/2007 07:44

Swiss shares TFN at a glance outlook
Date : 12/06/2007 @ 07:44
Source : TFN


Swiss shares TFN at a glance outlook


ZURICH (Thomson Financial) - Share prices are expected to open flat, in-line
with European markets after lacklustre overnight trade on Wall Street.
In pre-bourse trading, the Swiss Market Index was down 6.64 points at
9,216.40.
Yesterday, the Swiss Market Index closed 72.35 points higher at 9,223.04,
while the Swiss Performance Index closed 61.36 points up at 7,511.84

FORTHCOMING EVENTS
TODAY
-none

TOMORROW
-none

TODAY'S PRESS

COMPANY NEWS
-Actelion receives EU approval for new Tracleer indication
-Teva to resume Lotrel sale after US ruling, Novartis plans own generic
version
-Holcim holds majority stake in Singapore peer Jurong Cement
-Holcim redeems two convertible bonds ahead of schedule
-GlaxoSmithKline to launch obesity drug in US pharmacies - report
-Lonza to invest 80 mln sfr in new plant for advanced technologies
-Scor offer for Converium opens; to run until July 9

MACROECONOMIC NEWS
-Switzerland ratings affirmed on continued stability - Fitch

MARKET NEWS/SENTIMENT
- Credit Suisse hikes ABB price target to 28 sfr from 26 sfr
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at/ejb/jmt/ms1

[waldron] 11/6/2007 20:00

Swiss shares close higher in line with rebounding European markets UPDATE
Date : 11/06/2007 @ 17:10
Source : TFN


Swiss shares close higher in line with rebounding European markets UPDATE


(updating with full report)
ZURICH (Thomson Financial) - Share prices closed higher after a quiet
trading session, in line with European markets rebounding from last week's
losses, traders said.
The Swiss Market Index closed 72.35 points higher at 9,223.04, while the
Swiss Performance Index closed 61.36 points up at 7,511.84.
The euro rose against the Swiss franc to 1.6542, while the dollar firmed to
1.2383 sfr.
The SMI shrugged off an uninspiring start on Wall Street trade, closing
higher on rebound after five days of consecutive losses, a local trader said.
However, given the ongoing rate hike fears and nervousness ahead of this
week's Eurex expiry, the current correction is unlikely to have come to an end
just yet, he added.
ABB was the market's top performer, closing 0.85 sfr or 3.3 pct higher at
26.80, boosted by a Goldman Sachs upgrade to 'neutral' from 'sell' and as the
broker hiked its price target for the stock to 25 sfr, from 22 sfr.
Selected chemicals were in demand, with Lonz climbing 2.00 sfr or 1.8 pct to
115.90, Syngenta rising 4.00 sfr or 1.8 pct to 224.80 and Ciba up 1.05 sfr or
1.4 pct at 78.45.
Major gainers also included Zurich Financial, adding 5 sfr or 1.4 pct to
370, and SGS, climbing 21 sfr or 1.4 pct to 1,529.
Among banks, Credit Suisse was up 1.20 sfr or 1.4 pct at 89.40,
outperforming UBS, which rose 0.85 sfr or 1.1 pct to 76.15 and smaller rival
Julius Baer, last up 1.15 sfr or 1.3 pct at 90.30.
Among the market's heavyweights, Novartis inched 0.30 sfr higher to 68.20,
and Roche gained 0.60 sfr to 218.00.
Nestle was one of the market's few decliners, shedding 1.00 sfr to 466.50,
as was Synthes easing 0.70 sfr to 148.50.
Also down was Swisscom, closing 1 sfr lower at 418, after chief executive
Carsten Schloter reiterated that the group does not plan any further
acquisitions after its recent Fastweb deal in an interview with Swiss daily
L'Agefi.
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jmt/gp/jmt/gp

[ariane] 07/6/2007 20:10

Major shareholders
Under the Swiss Stock Exchange Act we disclose shareholders that reach, exceed or fall below the thresholds of 5%, 10%, 20%, 33.33%, 50% or 66.66% of the voting rights. An additional disclosure requirement exists under the Swiss Federal Code of Obligations to disclose shareholders and their shareholdings if they hold more than 5% of all voting rights. This must be made once a year in the annual report.

Investor AB, Stockholm, Sweden
166,330,142 shares
7.6% of total capital and votes
(As of December 31, 2006)

Fidelity - FMR Corp., Boston, MA 02109, USA
109,485,941 shares
5.0% of total capital and votes
(As of February 14, 2007)

To the best of ABB's knowledge, no other shareholder holds 5% or more of the total voting rights.


Last edited 2007-03-02

[ariane] 05/6/2007 10:54

ZURICH (Thomson Financial) - Share prices opened little changed reflecting a dearth of market-moving news in Switzerland, with investors cautiously awaiting the ECB and Bank of England's interest rate setting meetings later this week, dealers said.

At 10.00 am, the Swiss Market Index was 3.02 points down at 9,484.48, while the Swiss Performance Index fell 1.18 points to 7,713.95.

The euro fell to 1.6499 sfr, while the dollar dropped to 1.2216 sfr.

'The SMI started out little changed with investors cautious ahead of interest rate decisions later this week,' a local trader said.

Given the lack of news, the index is expected to remain relatively flat, with the US Institute of Supply Management non-manufacturing index potentially offering some impulse later today, he added.

Top gainer this morning was ABB (nyse: ABB - news - people ), up 0.30 sfr, or 1.1 pct, at 27.10, extending recent gains and breaching the 27.00 sfr mark for the first time since mid-2001.

Earlier today, chief executive Fred Kindle said there is no risk of the Swedish-Swiss engineering group becoming a takeover target.

Speaking in an interview with CNBC Europe, Kindle also confirmed that ABB plans to return cash to its shareholders if it fails to make acquisitions itself.

Givaudan was the second-best performer, adding 11 sfr, or 1 pct, to 1,178, after it was initiated as 'overweight' with 1,370 sfr price target at JP Morgan.

Also among today's top-performers was Nestle (other-otc: NSRGY.PK - news - people ), trading 2.25 sfr higher at 481.75.

Fellow heavyweight Roche inched 0.10 sfr higher to 225.20, recovering some of yesterday's falls, after the pharma group said data from a new study confirms that Avastin is effective in colorectal cancer treatment.

Peer Novartis (nyse: NVS - news - people ) eased slightly, last down 0.05 sfr at 68.85.

Holcim was 0.10 sfr higher at 137.70, after the group announced the sale of a 39 pct stake in its South African unit to AfriSam Consortium Pty Ltd for 7.5 bln rand.

Banking stocks were on the decline, with Credit Suisse dropping 0.15 sfr to 93.45 and UBS (nyse: UBS - news - people ) shedding 0.20 sfr to 79.20.

Smaller rival Julius Baer last traded 0.65 sfr lower at 91.55.

This morning's sharpest faller was Clariant, dropping 0.50 sfr, or 2.3 pct, to 20.90, after the CEO of Lanxess denied rumours that it is eying Clariant.

Yesterday, takeover speculation saw the stock outperforming significantly and closing 1 pct higher.

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jmt/bsd

[ariane] 05/6/2007 08:36

Swiss shares TFN at a glance outlook
Date : 05/06/2007 @ 07:53
Source : AFX


Swiss shares TFN at a glance outlook


ZURICH (Thomson Financial) - Share prices are expected to open little
changed with investors cautiously awaiting the ECB and Bank of England's
interest rate setting meetings later this week, dealers said.
In pre-bourse trading, the Swiss Market Index was 3.22 points lower at
9,484.28.
Yesterday, the Swiss Market Index closed 43.96 points down at 9,487.5, and
the Swiss Performance Index closed 31.41 points lower at 7,715.13.

FORTHCOMING EVENTS
TODAY
-none

TOMORROW
-none

TODAY'S PRESS
-Lanxess CEO says company has no plans to acquire Clariant (Financial Times
Deutschland)
-ABB's CEO Kindle says the group won't become takeover target (CNBC Europe)

COMPANY NEWS
-Roche says new study confirms Avastin effective in colorectal cancer
treatment
-Holcim sells 39 pct stake in Holcim South Africa to AfriSam for 7.5 bln
rand
-Kuehne & Nagel buys Californian Romero and McNally Brokers for undisclosed
sum

MACROECONOMIC NEWS
-none

MARKET SENTIMENT
-Givaudan initiated as 'overweight' with 1,370 sfr price target at JP Morgan
-Bodycote upped to 'neutral' vs 'reduce' at UBS; target 300p vs 240
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[ariane] 04/6/2007 14:32

Areva to established transformer JV in Guangdong
Printer Friendly Email Article


Jun. 4, 2007 (China Knowledge) – Areva, one of the top three electricity transmission and distribution companies, announced to establish a joint venture – a transformer factory with Sunten Electric Co. Ltd. (Shunde Special Transformer Works) in Guangdong Sunday – intensifying competition in the bidding of the second ultra-high voltage power transmission line in China.

This move of the France-based Areva follows the recent opening of its new gas-insulated switchgear factory last month in Suzhou, further demonstrating the company's resolution in getting a larger market share, which is worth RMB 3 billion, among other competitive international bidders like ABB, Siemens and Mitsubishi.

Philippe Guillemot, chairman of T& D division and one of the directors of the Areva Board, said that the company is targeting a EUR 1 billion order from China in the year 2010 due to the surging market demand for electricity T & D in China.

[ariane] 31/5/2007 09:51

ABB wins 27 mln usd order for gearless drives from Swedish mining group Boliden


ZURICH (Thomson Financial) - ABB Ltd said it has won an order worth 27 mln
usd from Swedish mining company Boliden to supply gearless drive systems for two
new grinding mills in one of Europe's largest copper mines.
Under the terms of the contract, ABB will supply spare parts, network
studies, installation supervision and commissioning for the systems, the
Swedish-Swiss engineering firm said.
The new grinding mills will increase production at the Aitik copper mine in
Sweden, and are set to be the most powerful mill drives in the world when they
become operational at the end of 2009, ABB said.
Gearless mill drives are involved in ore processing to grind large pieces of
ore into smaller pieces.

[e-mail]
sf/ejp

[ariane] 30/5/2007 19:15

cheers she

trust you are well

[grupo guitarlumber] 29/5/2007 13:29

ABB wins order worth 26 mln usd from Chile


ZURICH (Thomson Financial) - ABB Ltd said it has won a four-year contract
worth 26 mln usd from Chilean copper producer Compania Minera Dona Ines de
Collahuasi SCM to carry out maintenance on the group's ore-dressing facility.




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ckj/dca

[ariane] 22/5/2007 20:58

Oceanteam Power & Umbilical ASA receives LoI for BritNed subsea cable installation contract from ABB


Published in Nordic Business Report on Tuesday, 22 May 2007 at 17:05 GMT
Copyright (C) 2007, M2 Communications Ltd.

Norwegian subsea cable contractor Oceanteam Power & Umbilical ASA said on Tuesday (22 May) that it has received a letter of intent for a subsea cable installation contract from the Swiss-Swedish power and automation technology group ABB.

The proposed contract, the value of which was not disclosed, covers installation services in connection with the 244-kilometre BritNed Interconnector subsea link between the Isle of Grain in the UK and Maasvlakte in the Netherlands.

The contract, to be carried out in 2009 and 2010, is based on long-term framework agreement between Oceanteam Power & Umbilical and ABB.

Oceanteam Power & Umbilical, headquartered in Bergen, Norway, lays and buries control and power umbilicals for the offshore and subsea power distribution industries, as well as steel pipes. The group has operations in Norway, the UK and the Netherlands. Oceanteam Power & Umbilical is listed on the Oslo Stock Exchange under the ticker OPU.

[ariane] 22/5/2007 20:49

ABB "overweight," target price raised

Tuesday, May 22, 2007 2:45:17 PM ET
Prudential Financial

NEW YORK, May 22 (newratings.com) - Analysts at Prudential Financial reiterate their "overweight" rating on ABB Ltd (ABB.NYS). The target price has been raised from $24 to $25.


usd 25 times 1,21 equals approx sfr 30

[ariane] 22/5/2007 16:09

ABB wins 350 mln usd order for high-voltage UK, Netherlands connection UPDATE


(adds detail on Siemens involvement)
ZURICH (Thomson Financial) - ABB Ltd said it has won a 350 mln usd order
from the UK's National Grid and Dutch state-owned TenneT to install a
high-voltage connection between the power grids of the UK and the Netherlands.
ABB will supply underwater and underground cables for the high-voltage
direct current link.
National Grid and TenneT said a contract has also been awarded to Siemens AG
for the construction of two high voltage direct current (HVDC) converter
stations at the Isle of Grain in Kent and Maasvlakte near Rotterdam
The 260 km connection, dubbed BritNed, will allow energy trading between the
two countries and increase the reliability of electricity supplies to both, ABB
said in a statement.
The system will have total capacity of 1,000 megawatts and will come online
in 2010.

[e-mail]
mas/ms1/slm

[ariane] 22/5/2007 15:32

ABB, Statoil sign letter of intent for order worth 500 mln nkr


ZURICH (Thomson Financial) - ABB Ltd said it has signed a letter of intent
with Norway's Statoil for a cable order worth 500 mln nkr.
ABB and Statoil have signed a letter of intent to build a "98 kilometre
underwater link supplying hydropower from the Norwegian mainland to Statoil's
new drilling platform in the North Sea," a spokesman confirmed.



[e-mail]
ckj/dca

[ariane] 22/5/2007 13:54

ABB wins 350 mln usd order for high-voltage connection between UK, Netherlands


ZURICH (Thomson Financial) - ABB Ltd said it won a 350 mln usd order from
the UK's National Grid and Dutch state-owned TenneT to install a high-voltage
connection between the power grids of the UK and the Netherlands.
ABB will supply underwater and underground cables for the high-voltage
direct current link.
The 260 km connection, dubbed BritNed, will allow energy trading between the
two countries and increase the reliability of electricity supplies to both, ABB
said in a statement.
The system will have total capacity of 1,000 megawatts and will come online
in 2010.
[e-mail]
mas/ms1

[ariane] 22/5/2007 08:29

ABB wins 70 mln usd order to supply electrical equipment to Delhi Metro


FRANKFURT (Thomson Financial) - ABB Ltd said it won a 70 mln usd order to
supply electrical equipment to Delhi Metro Rail Corporation Ltd which will
almost triple the length of the commuter network in Delhi by 2010.
The project includes electrification of overhead lines, supply of auxiliary
substations and a control system, the Swiss power technology company said in a
statement.
[e-mail]
mas/slm