Abb Share Discussion Threads

[ariane] 27/8/2008 12:50

cheers she

[sheeneqa] 27/8/2008 12:23

Ravi Uppal to leave ABB
Zurich, Switzerland, Aug. 26, 2008 – Ravi Uppal, President of Global Markets and a member of the ABB Group Executive Committee since July 2007, has decided to relinquish his position for personal reasons and plans to return to India to pursue a career outside ABB.

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[waldron] 16/8/2008 07:00

beat me to it.

enjoy your weekend and the coming week

[sheeneqa] 13/8/2008 12:55

ABB will power up the world's biggest financial district
2008-08-13 - ABB is designing a complete power supply solution for what will be the world's largest international financial center and one of India's biggest ever infrastructure projects - Gujarat International Finance Tec-City.

By ABB Communications

Occupying a greenfield site of more than 500 acres in the rapidly developing state of Gujarat, Gujarat International Finance Tec-City (GIFT) will be the world's largest international financial services center and IT hub when it is completed in 2017.

The site consists of about 100 million square feet of commercial and residential floor space, including an 80-storey signature building known as Diamond Tower. The center will dwarf comparable financial districts like London's Docklands, Shanghai's Pudong and Tokyo's Shinjuku.

GIFT is located midway between Gujarat's two most important cities, Ahmedabad (India's seventh largest city) and Gandhinagar, and will be linked to both by expressways and mass transit railway systems. The massive development is expected to provide employment for around 500,000 people, and homes for about 50,000.

In addition to advanced ICT (information and communications technologies) systems, GIFT will function as an environmentally friendly eco-city, incorporating renewable energy sources like solar power, energy-efficient intelligent buildings and district cooling.

ABB was selected by Fairwood India, the project management consultants for GIFT, to design a complete power distribution system for the entire city to international benchmark levels of grid reliability, power quality and energy efficiency.

[ariane] 24/7/2008 05:21

ABB Second-Quarter Net Rises on Power Grid Investment (Update1)

By Antonio Ligi

July 24 (Bloomberg) -- ABB Ltd., the world's largest builder of electricity grids, said second-quarter profit rose 34 percent as nations from the U.S. to China invested in power networks.

Net income climbed to $975 million from $729 million a year earlier, the Zurich-based company said in a statement. Analysts in a Bloomberg survey estimated earnings of $982 million. Sales advanced 27 percent to $9.03 billion.

ABB this month named Joseph Hogan of General Electric Co. as chief executive officer to harness growing demand for ABB's substations and power-transmission gear. Electricity providers in North America and Europe are modernizing plants, and China aims to spend almost $150 billion over five years to bolster its network after six years of blackouts. Investment in energy helped GE's infrastructure unit beat its second-quarter profit target.

``Transmission and distribution is a super cycle, investments are being done everywhere, also in the U.S.,'' said Landsbanki Kepler analyst Christoph Ladner, who has a ``buy'' rating on the stock.

ABB lost 7.4 percent this year in Zurich trading, giving it a market value of 70 billion Swiss francs ($68 billion). Schneider Electric SA, a competitor in industrial automation and medium-voltage power products, is down 23 percent in Paris.

Cash Pool

ABB in May won an order to supply valves and control systems to a power line in central China. The Asian nation, which accounted for 12 percent of ABB's orders last year, had to boost electricity prices from July 1 to rein in energy consumption.

Last week, ABB strengthened its medium-voltage business in North America with the purchase of Kuhlman Electric Corp., a supplier of transformers. The company also makes equipment to automate factories, and demand for its robots from customers in the food, packaging and processing industries also bolstered earnings.

Like rivals, the company has sourced more components from low-cost countries to improve margins, with price increases to cover raw-material inflation.

Acquisitions

The Swiss company has accumulated about $5.6 billion in cash with both Hogan and his predecessor, Fred Kindle, declining to specify what plans they have for the money. Kindle unexpectedly quit five months ago after clashing with Chairman Hubertus von Gruenberg over strategy.

Hogan, the first American to lead ABB in its 20-year history, more than doubled sales as head of GE Healthcare to $17 billion. He also led the $10 billion acquisition of Amersham Plc, in 2004.

``Hogan gained extensive M&A experience as CEO of GE Healthcare,'' Ben Maurer, an analyst at Royal Bank of Scotland, said in a research note. ``Hogan will want some time to get to know ABB and any transformational deal within a few months of his arrival seems racy.'' RBS has an ``underweight'' rating on ABB, and is ``overweight'' on Schneider Electric.

The Swiss company, formed in 1988 through the merger of BBC Brown Boveri of Switzerland and ASEA AB of Sweden, last spent more than $1 billion on a takeover in 1998, when it bought Elsag Bailey Process Automation NV for $2.1 billion from Finmeccanica SpA.

To contact the reporter on this story: Antonio Ligi in Zurich at [e-mail]

Last Updated: July 24, 2008 00:07 EDT

[waldron] 17/7/2008 06:20

Abb Acquisition




RNS Number : 1654Z
ABB Ltd
16 July 2008


ABB to acquire Kuhlman Electric Corporation from The Carlyle Group
Acquisition will broaden and complement ABB's power products offering
Zurich, Switzerland, July 16, 2008 - ABB, the global power and automation technology
group, has signed an agreement to acquire U.S.
transformer company Kuhlman Electric Corporation for an undisclosed amount from global private
equity firm The Carlyle Group to expand its
power products portfolio in the Americas. Kuhlman Electric manufactures a wide range of
high-quality transformers for the industrial and
electric utility sectors.
Kuhlman Electric has demonstrated a track record of profitable growth with double-digit
annual sales growth over the past five years. In
2007, the company had revenues of around $250 million. The business is well positioned to
benefit from the investments required to modernize
and expand the U.S. utility infrastructure and to increase industrial efficiency and
reliability.
Kuhlman Electric has a strong reputation for innovative products and solid, long-term
customer relationships. The company is
headquartered in Versailles, Kentucky and employs approximately 800 people.
Michel Demar ABB's Chief Executive Officer and Chief Financial Officer stated: "This
transaction is the first milestone of our
acquisition strategy, which is focused on finding bolt-on acquisitions that selectively
complement both our product range and geographical
presence. The addition of Kuhlman Electric's business into our power products portfolio will
allow us to further capture opportunities for
profitable growth. At the same time, our customers will benefit from our broader offering."
ABB plans to integrate Kuhlman Electric's operations into its Power Products business in
North America.
Bernhard Jucker, head of ABB's Power Products division, said: "Kuhlman Electric's
high-quality products and experience complement ABB's
offering in North America, and the company will benefit from ABB's long-established global
infrastructure and our network of professionals
within the power industry."
Glenn A. Youngkin, managing director of The Carlyle Group, said: "Kuhlman Electric has
been an excellent long-term investment for
Carlyle. ABB is well positioned to further develop Kuhlman Electric's activities and
operations and take the company to the next level of
excellence."
The acquisition is subject to customary regulatory approvals. ABB expects the transaction
to close in a few months.

The Carlyle Group is a global private equity firm with $82.7 billion of assets under
management committed to 60 funds as of March 31,
2008. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance
in Africa, Asia, Australia, Europe, North
America and South America focusing on aerospace & defense, automotive & transportation,
consumer & retail, energy & power, financial
services, healthcare, industrial, infrastructure, technology & business services and
telecommunications & media. www.carlyle.com
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and
industry customers to improve their
performance while lowering environmental impact. The ABB Group of companies operates in around
100 countries and employs more than 110,000
people.


This information is provided by RNS
The company news service from the London Stock Exchange

END

ACQGUUAPMUPRUAQ

[waldron] 17/7/2008 06:18

ABB appoints new CEO




RNS Number : 2666Z
ABB Ltd
17 July 2008



ABB appoints Joseph Hogan as new CEO
Zurich, Switzerland, July 17, 2008 - The Board of Directors of ABB Ltd. announced today
that Joseph M. Hogan has been appointed as Chief
Executive Officer of the ABB Group. Hogan is currently CEO of GE Healthcare, the global leader
in medical diagnostic technology and
biosciences, and is a member of the GE Senior Executive Council. He will join ABB on September
1, 2008.
Michel Demar ABB's Chief Financial Officer, who has held the CEO position on an ad-interim
basis since February 13, 2008, will continue
to serve as ABB's CFO.
"Following our extensive search over the past months, the Board of Directors is very
pleased with Joseph's decision to take on this
exciting role. His proven international track record as a highly successful leader at one of
the world's most respected technology companies
will be a great contribution to the Company as we continue to focus the organization on
excellence in everything we do", said Hubertus von
Gruenberg, ABB's Chairman.
"The Board and I would also like to thank Michel Demarfor his many contributions to ABB in
this transitional period. We are very pleased
with the direction of the Company under Demars guidance", von Gruenberg said.
"I am honored to become ABB's CEO", Hogan said. "I am deeply committed to ABB's drive to
increase energy efficiency and industrial
productivity for its customers. I look forward to leading the Company to the next stage of its
development and success together with the
team at ABB".
Hogan has a long and distinguished career at GE, spanning 23 years and a wide range of
challenging positions. He led GE Medical Systems
and then GE Healthcare from November 2000, during which time he grew the business by $11
billion. Prior to this, he served as President and
CEO of GE Fanuc Automation North America, Inc., a global supplier of industrial controls
systems and a joint venture between GE and FANUC of
Japan. Previously, he held a number of key positions in sales, marketing and product
development at GE Plastics. Hogan holds a Bachelor of
Science degree in Business Administration from Geneva College and an MBA from Robert Morris
University, both in the U.S.
Joseph Hogan is 51 and holds U.S. citizenship.
Von Gruenberg and Hogan will host a telephone conference for journalists, analysts and
investors at 10:00 CET. Callers should dial +41
91 610 56 00. They are requested to dial in ten minutes before the conference starts.
The audio playback of the call will start one hour after the end of the call and be
available for one week. Playback numbers: +1 866 416
2558 (U.S./Canada) or [phone] (Europe and the rest of the world). The code is 15395,
followed by the ž key.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and
industry customers to improve performance
while lowering environmental impact. The ABB Group of companies operates in around 100
countries and employs more than 110,000 people.

This information is provided by RNS
The company news service from the London Stock Exchange

END

BOAMGGMNKNFGRZG

[sheeneqa] 14/7/2008 09:10

All good, waiting to buy some bargains!

ABB wins $28-million contract in Turkey
Power equipment to ensure reliable electricity supply for new steel plant

Zurich, Switzerland, July 11, 2008 - ABB, the leading power and automation technology group, has won a $28-million contract for equipment to provide a new steel plant in Turkey with the reliable power supply needed to ensure high-quality production.
The project is the largest single private investment in the iron and steel industry in Turkey and will have the capacity to produce 2.5 million tons of hot flat-rolled products and 1.2 million tons of cold rolled products. The plant will also produce galvanizing steel, dyed sheet steel and rolled steel.

ABB will supply technology including a Static Var Compensator (SVC), which compensates for fluctuations in the voltage and current of power supplies that can harm production quality in industrial plants. The contract was awarded by MMK-ATAKAS, a joint partnership between Atakas Metallurgy and Port Management Inc. (Turkey) and Magnitogorsk Iron and Steel Works (MMK), a Russian company.

"This is an excellent example of 'one-stop' shopping," said Peter Leupp, head of ABB's Power Systems division. "The technical support provided by ABB experts in the initial phase proved extremely worthwhile for the customer and we collaborated closely on the development of a tailored solution."

The order includes transformers, high- and medium-voltage switchgear, a substation SCADA (supervisory control and data acquisition) system, and FACTS (flexible AC transmission system). In addition to the SVC system, ABB will supply four power transformers, a 380/34.5-kilovolt (kV) complete turnkey switchyard, and a 72.5-kV open switchyard. The company will also supply and install medium-voltage panels along with the SCADA and communications system.

The initial phase of the project is scheduled to be operational by April 1, 2009. Backed by more than 30 years of experience in SVC systems for the steel industry, ABB solutions will shorten melting times and decrease energy loss, lowering energy costs and reducing consumption of materials.

[waldron] 09/7/2008 14:23

Cheers She

trust all is well

especially with those Pork Bellies

[sheeneqa] 09/7/2008 14:05

ABB signs $61-million frame agreement with Petrobras
Automation to expand production, improve operations and energy efficiency

Zurich, Switzerland, July 9, 2008 – ABB, the leading power and automation technology group, has signed an exclusive $61-million frame agreement with Petrobras to supply process automation systems and related services to eight oil refineries in Brazil over the next five years.
ABB will supply its extended automation System 800xA for process automation with integrated substation automation functions, software and hardware, upgrades of existing installed ABB control systems, as well as other project management and engineering services. The agreement includes $29 million for engineering services.

ABB's process automation technology will help Petrobras expand production at its refineries, maximize energy efficiency, and optimize maintenance and operation costs. It will also help produce fuels with lower sulfur content, which have fewer emissions than other fuel blends.

"This important agreement underscores ABB's commitment to providing the leading-edge technologies and services our customers need to compete and thrive in today's global environment," said Veli-Matti Reinikkala, head of ABB's Process Automation division. "As our petrochemical customers expand their operations to meet strong demand, we help them to achieve these targets while improving their overall productivity and energy efficiency."

Brazil-based Petrobras is an integrated energy company with activities in oil exploration, production, refining, marketing and transportation. Petrobras represents one of the largest installations of ABB automation systems within the petrochemical industry.

[sheeneqa] 01/7/2008 09:35

ABB wins $77-million power order for Delhi International Airport
Electrical products and systems to supply reliable power for new terminal

Zurich, July 1, 2008 – ABB, the leading power and automation technology group, has won an order of $77-million for design, supply, installation, testing and commissioning of electrical products and systems for the new Terminal 3 (T3) building at Indira Gandhi International Airport in Delhi, India. ABB's solutions are part of a modernization project to prepare the airport for the Commonwealth Games in 2010.
ABB will provide electrical infrastructure and control systems for T3, which is currently under construction. ABB's intelligent power distribution management system, SCADA, will be used to monitor and control the terminal's entire electrical network.

"Airports are exceptionally demanding work environments that require extremely reliable power supplies," said Peter Leupp, head of ABB's Power Systems division. "ABB's comprehensive range of energy-efficient electrical products and systems will ensure reliable power distribution and control of power."

Scope of the order includes 11-kilovolt (kV) panels, distribution transformer, low-voltage panel, cabling, wiring, conduits, light fixtures, bus ducts and Uninterruptible Power Supply (UPS), for dependable backup power if primary power is lost. SCADA provides local and remote control capability for immediate access to real-time network information, as well as easy connectivity to other systems in the electrical network.

ABB products and systems meet stringent specifications for delivery, execution, reliability, safety, and energy efficiency. Delhi airport's state-of-the-art terminal T3 will cover an area of 520,000 sq. meters with capacity to handle 25 million passengers, and is scheduled to be operational by March 2010.

[sheeneqa] 18/6/2008 15:08

ABB wins $70-million order for power link in northeastern China
Reliable power supply to help industrial development of Liaoning province

Zurich, Switzerland, June 18, 2008 – ABB, the leading power and automation technology group, has won a $70-million order for power equipment from State Grid Corporation of China for a new power link in northeastern China that will help the development of industry in the region.
The new HVDC (high-voltage, direct current) link will transmit 3,000 MW (megawatts) of power over 920 kilometers from Hulunbeir, in Inner Mongolia, to Shenyang in Liaoning province. The ABB order is part of a project with an estimated total value of $400 million.

"We are very pleased that State Grid Corporation has selected ABB for this portion of an important project to support the rejuvenation of Liaoning's industrial base," said Peter Leupp, head of ABB's Power Systems division. "ABB has unrivalled experience in high-voltage direct current, with projects on every continent, on land and at sea."

The new DC power transmission link will run in parallel to an existing alternating current (AC) link, creating a so-called hybrid transmission corridor with a higher capacity and greater reliability. The proportion of power lost as heat into the atmosphere will also decline as DC links have smaller losses than AC over long distances.

ABB will provide key components for the converter stations at each end of the link, to switch AC to DC and then back to AC again, as well as measuring equipment for the converter stations. The link is scheduled for commercial operation in December 2009.

[grupo guitarlumber] 31/5/2008 13:56

cheers She

enjoy your weekend and the coming week.

[grupo guitarlumber] 31/5/2008 13:41

Pages 1 to 5

[sheeneqa] 27/5/2008 09:53

Scurlock says ABB, a company which aims to make electricity grids more efficient and features in his portfolio, has become a major beneficiary of growing demand for electrical power in China. Electrical power shortages in the country have led to the rapid building of generation capacity, which has put pressure on the supply chain for power generation and transmission equipment, he says.

[grupo guitarlumber] 16/5/2008 14:16

cheers she.

trust all is well.

might as well take out the charts in the header.

enjoy your weekend

[grupo guitarlumber] 16/5/2008 14:15

Merger Update




RNS Number : 6759U
Office of Fair Trading
16 May 2008


Merger Clearance:

The OFT has decided, on the information currently available to it, not to refer the
following merger to the Competition Commission under
the provisions of the Enterprise Act 2002:

ANTICIPATED ACQUISITION OF THE PUBLIC LIGHTING BUSINESS OF ABB HOLDINGS LIMITED AND ABB
LIMITED BY E.ON UK PLC


The text of this decision will be placed on the Office of Fair Trading's web site at
www.oft.gov.uk as soon as is reasonably
practicable.




This information is provided by RNS
The company news service from the London Stock Exchange

END

MERSFFFDMSASEDI

[sheeneqa] 13/5/2008 09:15

ABB wins $170-million contract for Baltic Sea power link
Zurich, Switzerland, May 13, 2008 – ABB, the leading power and automation technology group, announced today it has won a contract worth $170 million from Svenska Kraftnät and Fingrid Oyj, the transmission system operators in Sweden and Finland. ABB will supply two HVDC (high-voltage, direct current) converter stations for the Fenno-Skan 2 power link.

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