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| Control system will enhance grid reliability and extend link's life span |
21 February 2006 - ABB (Power Technologies)
Zurich, Switzerland, February 21, 2006 - ABB, the leading power and automation technology group, has been selected by Energinet.dk, Denmark, and Statnett, Norway, to upgrade the control system of the 30-year-old Skagerrak 1&2 high voltage direct current (HVDC) link with a new ABB system called MACH 2.
'ABB's cutting-edge HVDC control technology, MACH 2, will enhance grid reliability,' said Samir Brikho, head of ABB's Power Systems division. 'Upgrading the controls of the HVDC transmission link will extend its life by another 30 years.' |
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| Static var compensator technology in demand worldwide |
14 February 2006 - ABB (Power Technologies)
ABB, the leading power and automation technology group, today reported another five orders for static var compensators for steel mills around the world. The orders are a continuation of the successful year 2005, which was concluded with an SVC Light order during the end of the year. These six orders, worth a total of $20 million will help steel makers to meet their booming demand. |
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| S. District Court sets February 28 for confirmation of Combustion Engineering Plan of Reorganization |
09 February 2006 - ABB (Power Technologies)
A District Court judge in the United States has set the hearing of the revised Plan of Reorganization for Combustion Engineering, an ABB subsidiary in the U.S., for February 28, 2006. |
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| ABB reports further cooperation on suspect payments |
08 February 2006 - ABB (Power Technologies)
ABB said today that it has this week disclosed to the U.S. Department of Justice and the Securities and Exchange Commission details of suspect payments in a country in the Middle East. |
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| New SCADA system will manage oil and gas assets for ONGC Ltd. |
05 January 2006 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $95 million contract for an enterprise wide Supervisory Control and Data Acquisition system from India's largest integrated oil and gas company, Oil & Natural Gas Corporation Limited. |
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| ABB to connect U.S. and Mexican power grids |
22 December 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, has been selected by Sharyland Utilities to design and build a new high-voltage direct current intertie between the U.S. and Mexico. The system will connect the Texas utility with Mexico's CFE, enabling both transmission grids to share reserves and ultimately facilitate cross-border trading. |
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| ABB completes delisting of shares from Frankfurt Stock Exchange |
22 December 2005 - ABB (Power Technologies)
ABB Ltd said today it has completed the process of delisting its shares from the Frankfurt Stock Exchange. |
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| ABB systems used in Italy's first large clean coal power station conversion |
19 December 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a contract worth $26 million to automate a new thermal power station at Torrevaldaliga Nord (Civitavecchia), near Rome, Italy. |
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| Propulsion and power systems support marine and offshore applications |
05 December 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has been awarded contracts worth $140 million to supply its Azipod propulsion systems for three vessels and electrical power systems for 11 new marine vessels and two semi-submersible drilling rigs. |
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| Substation capacity extension will increase power reliability in capital |
01 December 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won contracts worth a total of $46 million from the U.K.'s National Grid to extend the capacity of two gas insulated substations in London. The extension projects are part of National Grid's ongoing program to increase the reliability of the capital's power grid. |
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| ABB wins $79 million order to strengthen power supply in United Arab Emirates |
28 November 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, has won a $79 million order from Abu Dhabi Water & Electricity Authority for the Fujairah 400-kilovolt substation |
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| Group's largest order in 2005, one of largest ever substation orders |
17 November 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today it has won a contract worth $220 million from the Gulf Cooperation Council Interconnection Authority for phase one of the massive Gulf Grid project, linking the electricity networks of six Gulf states. |
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| Underground cables can protect island grid from hurricane blackouts |
08 November 2005 - ABB (Power Technologies)
Zurich, Switzerland, November 8, 2005, ABB, the leading power and automation technology group, has won an $18 million contract from The Barbados Light & Power Company Limited to upgrade the power network in the north of the island and help protect it from damage by hurricanes. |
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| Substation will connect new petrochemical complex to national grid |
07 November 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $27 million order to install a 275-kilovolt substation in Kuwait. The contract is with EQUATE Petrochemical Company, a joint venture of the Kuwaiti government and private petroleum companies manufacturing plastics and chemicals. |
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| Grid expansion to support rapid growth and booming demand for power |
03 November 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $170 million contract from Qatar General Electricity and Water Corporation, Kahramaa, to expand Qatar's power transmission system to support the county's rapid growth and surging demand for power. |
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| ABB sells Finnish leasing portfolio |
03 November 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today it has agreed to sell its wholly owned subsidiary ABB Credit Oy in Finland to SEB Finans AB, a wholly owned subsidiary of the Swedish-based SEB Group |
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| Propulsion, automation and power systems selected by leading shipbuilders |
01 November 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today it has signed contracts worth some $80 million to supply its Azipod propulsion, electrical power and automation systems for 14 new marine vessels. |
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| Indoor substations to increase grid reliability |
31 October 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $27 million turnkey order from MEW Bahrain for indoor substations. The new power systems are needed to strengthen and stabilize the transmission network in Bahrain. |
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| State-of-the-art technology will improve electricity and water supply |
05 October 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $60 million contract from the government of Kuwait to refurbish a steam power plant and help meet increasing demand for reliable supplies of power and water. |
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| Further progress to reduce debt and financing costs |
05 October 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has repurchased a total of CHF 392 million of its CHF 500 million, 3.75 percent bonds due in 2009. |
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| Revamping and new construction will exceed $100 million at Sriracha site |
03 October 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today it has won a contract worth more than $100 million from Thai Oil Public Company Ltd. to revamp existing facilities and install new production units at the Sriracha oil refinery on the Gulf of Thailand. |
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| Largest-ever terminal contract supports new container hub |
28 September 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $52 million contract for automation and electrical systems to serve the new EUROMAX container terminal in Rotterdam, Holland. The project is ABB's largest single order to date for terminal automation equipment. |
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| Ulrich Spiesshofer joins ABB's Executive Committee as head of development |
27 September 2005 - ABB (Power Technologies)
ABB announced today the appointment of Ulrich Spiesshofer, 41, to the newly-created position of head of corporate development. He will also become a member of the company's Executive Committee. The appointments take effect on November 1, 2005. |
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| Gas-insulated switchgear will help meet increased energy demand |
26 September 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $49 million order to supply a turnkey indoor substation to help meet the increasing demand for energy on the Caribbean island of Puerto Rico. |
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| ABB bondholders pass resolutions to permit repurchases |
09 September 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said bondholders earlier today approved resolutions which give the company the option to redeem outstanding instruments of its Euro 300 million, 5.375 percent bonds due in 2005 and Euro 475 million, 5.125 percent bonds due in 2006. |
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| Greater focus on business execution and value creation
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06 September 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, today announced its new mid-term targets for the five-year period from 2005 to 2009. The company also outlined a strategy that emphasizes improved business execution and a broader approach to value creation, including focus on growth, operating margin, use of capital and cash generation. |
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| ABB completes delisting of shares from London Stock Exchange
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05 September 2005 - ABB (Power Technologies)
ABB announced on August 4, 2005 it would delist its shares from the London and Frankfurt stock exchanges because the average daily trading volume there had become insignificant over the past three years. |
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| ABB wins orders worth $21 million to support new cement plant in Mexico |
11 August 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won two contracts worth a total of $21 million to build power systems to link a new cement plant to Mexico's national grid. |
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| Gas-insulated high-voltage switchgear will strengthen power supply |
10 August 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a contract worth $15 million for power equipment to help meet the growing demand for power in northern parts of the United Arab Emirates. |
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| Delisting from Frankfurt and London exchanges due to lack of trading activity |
04 August 2005 - ABB (Power Technologies)
ABB made the decision because the average daily trading volume of its shares on the FWB and the LSE has become insignificant over the past three years. The cross-border, electronic virt-x exchange based in London handles around 75 percent of the daily volume of trading in ABB shares, and the remaining volume is almost entirely traded on the Stockholm Stock Exchange and, through the American Depositary Receipt program, on the New York Stock Exchange. |
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| ABB receives award for enhancing customer value |
21 July 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, has received the 2005 Customer Value Enhancement Award from Frost & Sullivan, the global growth consulting company, for delivering outstanding value to its customers worldwide.
Frost & Sullivan said: |
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| Agreement replaces $1-billion facility expires next year, provides greater flexibility |
05 July 2005 - ABB (Power Technologies)
The unsecured facility replaces the $1-billion credit facility that was due to expire in November 2006. The new credit facility, based on terms typically found in the investmentgrade syndicated loan market, was oversubscribed by approximately 60 percent. The funds will be used for general corporate purposes. |
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| ABB consolidates global transformer business |
30 June 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it is consolidating its global transformer business in response to overcapacity, increasing raw material costs and a regional shift in demand. |
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| First order will increase energy efficiency at new power plant |
28 June 2005 - ABB (Power Technologies)
ABB, the leading power and automation technologies group, said today it has signed a frame agreement with the Italian power generation company Ansaldo Energia which will improve energy efficiency at power plants. |
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| High voltage products plant brings lean, fast manufacturing to Lodi |
20 June 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, today inaugurates a new factory for high-voltage apparatus, located in the industrial area of San Grato near Lodi, Italy. |
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| Series of orders will increase capacity and power quality for customers |
08 June 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a series of orders worth about $30 million to supply static var compensator technology to boost the production of steelmakers in China, Iran, Italy, Russia, Spain, Taiwan and Turkey. The orders have been won in the first five months of 2005. |
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| Enabling continuous supply of energy for industry and utility customers |
07 June 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, guarantees power quality for industry and utility customers with its newest high speed transfer device type SUE 3000. Integrated into a high speed transfer system with ABB protection and controls as well as circuit breakers, the device safeguards critical loads in the shortest possible time ,30 milliseconds, to keep important processes running. |
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| ABB launches new Network Manager release |
07 June 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today the launch of its newest Network Manager monitoring and control solution. ABB will present Network Manager at CIRED 2005, June 6-9 in Turin, Italy. |
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| Key power project will bring electricity to remote areas of Thailand and Laos |
02 June 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today that it has won a $63 million contract for its part in building an 1100 MW hydroelectric power plant in Laos that will bring sustainable power to remote regions of Thailand and Laos. |
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| Automation and power systems will support aluminum plant upgrades |
31 May 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won contracts totalling $24 million from Hydro Aluminum Ltd. of Norway, for power electronics and power supply systems for two smelting plants. |
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| Series compensation improves power transfer to Northeast region |
25 May 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a contract worth more than $15 million to install Flexible Alternating Current Transmission Systems in Brazil to increase the capacity of the existing power link. |
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| Higher than predicted raw material price inflation in 2005 prompts action |
23 May 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today that its Power Technologies division is to increase the average price of its transformers by up to ten percent immediately, following a sharp increase in raw material prices since the start of 2005. |
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| ABB shareholders re-elect board of directors |
12 May 2005 - ABB (Power Technologies)
ABB shareholders approved the re-election of the board of directors for a further one-year term of office, at the group's annual general meeting today. Shareholders overwhelmingly voted in favour of reappointing the board, which is made up of eight members from six countries. |
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| ABB Group appoints Peter Terwiesch as new chief technology officer |
11 May 2005 - ABB (Power Technologies)
ABB, the leading power and automation technologies group, announced today that Peter Terwiesch will become the group's new chief technology officer. He takes over from Markus Bayegan who is retiring. |
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| ABB to deliver unique HVDC Light technology for power link between Finland & Estonia |
29 April 2005 - ABB (Power Technologies)
A major power transmission link between Finland and Estonia was formally launched today at a signing ceremony between representatives of ABB, the leading power and automation technology group, and of Nordic Energy Link in the Estonian capital, Tallinn. |
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| Improved power supply will increase productivity of aluminum smelter |
22 April 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has received an order from Brazil worth $30 million to supply three industrial substations, including the largest turnkey substation ever for an industrial customer in the country. |
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| Results revised following agreement on asbestos term sheet |
22 April 2005 - ABB (Power Technologies)
ABB today published its 2004 annual report, revising its previously announced full-year and fourth-quarter results to reflect the accounting impact of its recent agreement on a term sheet intended to resolve the asbestos claims of two U.S. subsidiaries, Combustion Engineering and ABB Lummus Global. |
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| ABB reports irregularities at US software unit |
19 April 2005 - ABB (Power Technologies)
ABB said today it has made a voluntary disclosure to the U.S. Department of Justice and the Securities and Exchange Commission of certain suspect payments amounting to some $560,000 made by employees of ABB network management, a specialized US-based subsidiary. |
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| ABB reports irregularities at US software unit |
19 April 2005 - ABB (Power Technologies)
ABB said today it has made a voluntary disclosure to the U.S. Department of Justice and the Securities and Exchange Commission of certain suspect payments amounting to some $560,000 made by employees of ABB network management, a specialized US-based subsidiary. |
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| Activities will support ten new vessels from shipbuilders in Europe and Asia |
12 April 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today that it has signed contracts totalling some $80 million to supply propulsion and electrical power plant systems for ten new marine vessels from several leading shipbuilders and ship owners. |
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| Largest-ever transformer banks in India will strengthen power network |
11 April 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $41 million order in India for extra-high-voltage transformers and shunt reactors, which will strengthen the country's power network and help meet the growing demand for electricity. |
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| Solving hard electrical problems with SoFT |
29 March 2005 - ABB (Power Technologies)
A unique ABB tool measures, models, and analyzes electrical equipment failures so that customers can pinpoint difficult problems in their electrical systems quickly, and take corrective action fast. Fine-tuned over six years and introduced commercially in the summer of 2004, ABB's Simulation of Fast Transients (SoFT) is an innovative measuring, modeling and simulation tool for detecting and solving electrical equipment failure. |
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| Confirmation of amended plan required by bankruptcy court |
21 March 2005 - ABB (Power Technologies)
ABB announced today that it has reached agreement on a term sheet that will form the basis for an amended plan of reorganization for Combustion Engineering and ABB Lummus Global to resolve the asbestos claims of both companies. |
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| Delivery includes complete electrification and process automation |
21 March 2005 - ABB (Power Technologies)
ABB, the leading global power and automation technology group, said today it has won a $27 million order from LKAB group of Sweden to supply automation and electrical equipment for the expansion of its iron ore pellet production facilities. |
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| ABB wins $22 million substation order in Qatar |
05 March 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won an order worth $22 million from the state-run utility Kahramaa to supply equipment and commission three turnkey substations along a new 132-kilometer transmission line being built from Ras Laffan to Dukhan. |
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| ABB wins $27 million order for iron ore plant in Sweden |
22 February 2005 - ABB (Power Technologies)
ABB said today it has won a $27 million order from LKAB group of Sweden to supply automation and electrical equipment for the expansion of its iron ore pellet production facilities. LKAB, the only iron ore exporter within the European Union, decided in late 2004 to invest in a new pelletizing plant, concentrator expansion and rail loading and unloading station near its mine at Malmberget in northern Sweden. The company selected ABB to equip the new plant and to expand the site's existing 145kV switchgear capabilities. |
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| Technology will help meet growing demand for reliable power |
16 February 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won an order worth $22 million to supply equipment for the extension of an existing and for a new substation in Brazil. |
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| Automation and process systems to raise capacity for PEMEX oil and gas unit |
14 February 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has been awarded a contract totalling some $80 million for the outfitting and automation of a new offshore oil and gas platform in the Gulf of Mexico. |
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| ABB wins $80 million order to support oil platform project in Gulf of Mexico |
14 February 2005 - ABB (Power Technologies)
ABB has been awarded a contract totaling some $80 million for the outfitting and automation of a new offshore oil and gas platform in the Gulf of Mexico.
The new platform will expand production capacity in the Ku-Maloob-Zaap oil field for Pemex Exploración y Producción, a subsidiary of Mexico's national oil company, Petróleos Mexicanos (PEMEX). |
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| ABB wins bid for underground power link between Estonia and Finland |
04 February 2005 - ABB (Power Technologies)
ABB has won the public procurement for a project to design, build and install a new link connecting the power grids of Finland and Estonia. The project is worth $110 million for ABB. The Estlink project is the first European Union interconnection with one of its new member states since EU enlargement in mid-2004. ABB expects early EU approval of the link, as it is on the EU's agreed list of priority projects for the Trans-European Network. |
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| Reclassification notice |
04 February 2005 - ABB (Power Technologies)
ABB will reclassify its downstream oil, gas and petrochemicals business from discontinued operations into continuing operations, and reclassify part of its power lines business from the Power Technologies division into discontinued operations when it reports its full-year 2004 results on February 17. The reclassifications, including restatements of prior years, are required under U.S. generally accepted accounting principles (US GAAP) and follow developments in the fourth quarter of 2004. |
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| Downstream oil, gas and petrochemicals reclassified to continuing operations |
04 February 2005 - ABB (Power Technologies)
ABB will reclassify its downstream oil, gas and petrochemicals business from discontinued operations into continuing operations, and reclassify part of its power lines business from the Power Technologies division into discontinued operations when it reports its full-year 2004 results on February 17. |
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| Unique HVDC Light technology helps to expand Trans-European Network |
04 February 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won the public procurement for a project to design, build and install a new link connecting the power grids of Finland and Estonia. The project is worth $110 million for ABB. |
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| First extra high-voltage transformers for India's new 765 kilovolt network |
27 January 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $38 million order in India for extra high-voltage transformers and reactors which will strengthen the country's power network and help to meet growing demand. |
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| ABB wins $38 million transformer order in India |
27 January 2005 - ABB (Power Technologies)
ABB said today it has won a $38 million order in India for extra high-voltage transformers and reactors which will strengthen the country's power network and help to meet growing demand. The ABB transformers are the first key components to be delivered for a project in India to improve its power grid with a 765 kilovolt (kV) network. The contract was awarded by NTPC (National Thermal Power Corporation Ltd) of India. |
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| First export contract for power transformers from ABB plant in China |
26 January 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $22 million order in Singapore for power transformers and shunt reactors. The contract was awarded by SP PowerGrid. |
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| Advanced technology will increase reliability and cut costs |
20 January 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $36 million order to refurbish and increase the efficiency of a coal-fired power plant in South Africa. |
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| ABB wins $36 million order to refurbish power plant in South Africa |
20 January 2005 - ABB (Power Technologies)
ABB has won a $36 million order to refurbish and increase the efficiency of a coal-fired power plant in South Africa. The contract, signed with the state-owned utility Eskom, will extend the life span of the Tutuka 6x609 MW power plant at Standerton in the east of the country. |
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| ABB wins $32 million transformer order in Belgium |
13 January 2005 - ABB (Power Technologies)
ABB has won an order worth $32 million for three phase-shifting transformers from the Belgian grid operator Elia. The transformers will control power flow between Belgium and The Netherlands. It is ABB's largest single order for this kind of technology. The throughput rating of 1,400 MVA (Megavolt amperes) makes the transformers among the largest in the world. 'Our transformers will be critical components for an important part of the Belgian and European power grid,' says Peter Smits, head of ABB's Power Technologies division. 'They will stabilize the grid and increase its transmission efficiency.' |
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| Transformers will increase grid reliability in Belgium and Western Europe |
13 January 2005 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won an order worth $32 million for three phase-shifting transformers from the Belgian grid operator Elia. The transformers will control power flow between Belgium and The Netherlands. |
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| ABB helps tsunami relief efforts |
05 January 2005 - ABB (Power Technologies)
ABB is contributing to relief efforts in Asia following the tsunami catastrophe, both with aid donations and through its expertise in electrictiy grids and other essential infrastructure. |
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| ABB helps tsunami relief efforts |
05 January 2005 - ABB (Power Technologies)
ABB is contributing to relief efforts in Asia following the tsunami catastrophe – both with aid donations and through its expertise in electrictiy grids and other essential infrastructure. ABB and its employees in many countries are making financial donations and continue to collect food, clothing, bedding and emergency materials for distribution in the worst affected areas. |
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| HVDC technology will connect power grids of Norway and The Netherlands |
23 December 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has received the go-ahead to proceed with the NorNed project, a high-voltage direct current transmission link connecting the power grids of Norway and The Netherlands. |
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| Upgrade of eight substations to increase power supply capacity
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21 December 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a turnkey contract in Algeria worth $25 million to upgrade eight existing substations which will improve electricity supply in and around the capital, Algiers. |
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| Company confident of addressing outstanding issues promptly |
03 December 2004 - ABB (Power Technologies)
The Third Circuit Court of Appeals in the United States has ruled that ABB's Chapter 11 Plan of Reorganization for its U.S. subsidiary, Combustion Engineering will be reviewed again by the District Court. |
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| Robotic systems will help to increase efficiency of mail service |
02 December 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $48 million robotics contract from the United States Postal Service to help it increase the efficiency of the mail service. |
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| ABB wins $70 million orders to strengthen power supply in Mexico |
29 November 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won contracts worth $70 million for three projects to strengthen Mexico's power supply. The contracts, awarded by Comisión Federal de Electricidad, the Mexican state-owned utility, will enlarge the transmission network in different parts of the country. |
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| ABB wins $16 million order to strengthen power supply in South Africa
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26 November 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a high-end technology order worth $16 million to strengthen power supply in the Western Cape region of South Africa. |
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| Hoist solutions combines drives, motors and control for Huainan Group |
23 November 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $24 million order from Huainan Mining Group Co. Ltd. of China, to supply mine hoist equipment for eight of the group's coal mines. |
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| New compressor station and upgrades will add capacity to pipeline system |
10 November 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has signed a $90 million contract with Algerian oil and gas company Sonatrach TRC to expand and improve gas compressor facilities for the country's pipeline system. The improvements will speed up the flow of Algeria's natural gas |
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| Flexible AC Transmission Systems technology to increase grid reliability |
09 November 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today it has won a turnkey contract worth $15 million to install Flexible Alternating Current Transmission Systems technology in France. |
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| New power substations will support one of Europe's busiest rail lines |
02 November 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a $31 million contract from National Grid Transco in the United Kingdom for equipment and services as part of a programme to upgrade the power supply of Network Rail's West Coast Main Line. |
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| Company partners with Orkuvirki to double Nordural's smelter's capacity |
01 November 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today that it has won a $37 million contract in cooperation with the Icelandic company Orkuvirki for power electronics, power distribution and control systems to expand the Nordural primary aluminum plant in western Iceland. |
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| Michel Demaré joins ABB Group as new CFO |
01 November 2004 - ABB (Power Technologies)
ABB today announced that Michel Demaré, currently Chief Financial Officer of the European operations of Baxter International, will join ABB as CFO and member of the Group Executive Committee on February 1, 2005. |
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| Upgrade of eight substations to increase power supply capacity |
29 October 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, today announced the winning of a turnkey contract worth US$ 25 million to upgrade eight existing substations in Algeria. |
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| Company to add 5,000 employees in China in next three years |
25 October 2004 - ABB (Power Technologies)
'ABB in China plans to hire 5,000 new employees and double its orders and revenues to $4 billion by 2008,' ABB chairman and CEO Jürgen Dormann said at a press conference in Beijing today. |
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| Azipod propulsion selected for new cruise, ferry, container vessels |
25 October 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, announced today it has signed contracts worth some $80 million to supply its Azipod propulsion, electrical power and automation systems for five new marine vessels. |
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| Two platform modules will support export of crude oil and natural gas |
19 October 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won a contract worth nearly $100 million to modify an oil platform off the coast of the Russian Far East. |
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| 500kV gas-insulated switchgear installation will be largest worldwide |
18 October 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has won contracts worth around $60 million to supply a 500 kV gasinsulated switchgear and 12 sets of power transformers for the right-bank power plant of the Three Gorges dam project in China. |
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| Full-service agreement covers second facility for Carter Holt Harvey group |
22 September 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today it has signed a full-service alliance agreement with Carter Holt Harvey Pulp & Paper, a leading Australasian forest products company producing wood products, pulp and paper, and packaging. |
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| Five business areas merged into two businesses around products and systems |
31 August 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology group, said today that its Power Technologies division is streamlining its five Business Areas into two to accelerate profitable growth. The two businesses will be reorganized around products and systems. |
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| ABB technology helps boost Norway's gas exports |
25 August 2004 - ABB (Power Technologies)
ABB, the leading power and automation technology company, said today it has been awarded two orders totaling $28 million from energy company Norsk Hydro for automation technologies to support the giant Ormen Lange gas field off the coast of Norway. |
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| ABB expands $35 million contract to maintain Mexico's power control systems |
09 August 2004 - ABB (Power Technologies)
ABB will add two sub-area control centers to its Network Manager™ SCADA/EMS power control system that it has installed throughout Mexico at Comisión Federal de Electricidad (CFE), the country's national power grid operator. The two sub-area control centers, at Durango and Sureste, will be integrated into ABB's 'evergreen' service model, introduced under a contract signed in November 2003. |
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| ABB wins $17 million substation order in the USA |
08 August 2004 - ABB (Power Technologies)
ABB has won a $17 million order to supply a turnkey indoor substation for City of Glendale Water & Power utility in California to help it meet increased energy demand. ABB said it won the contract to upgrade the Kellogg-Airway switchyard because of the reliability and safety of ABB equipment, as well as the compact size of its technology in an area where space is at a premium. |
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| ABB wins $85 million power contracts in Algeria |
22 July 2004 - ABB (Power Technologies)
ABB said today it has won contracts worth $85 million for three projects to upgrade Algeria's power grid. Algeria's state-owned utility, Sonelgaz, is banking on ABB technology to meet fast-growing demand for power in the capital city of Algiers, with its three million residents, as well as the heavily industrialized coastal region. |
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| ABB wins $96 million contract in Poland |
21 July 2004 - ABB (Power Technologies)
ABB has won a contract worth $96 million from Polish investor Europol Gaz and pipeline contractor Bartimpex to construct a fifth compressor station along the Yamal-Europe natural gas pipeline. ABB will build the turnkey compressor station incorporating three 25 MW turbo compressor units near the Polish city of Zambrow. The project scope also includes ABB products for control, automation, and electro-technical systems, plus full project management services including design, procurement, systems assembly and commissioning. |
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| ABB wins $25 million power equipment order in China |
16 July 2004 - ABB (Power Technologies)
ABB has won a $25 million contract to deliver 500 kV gas-insulated switchgear (GIS) to China – the latest in a series of orders designed to improve power supply.
The GIS will be installed in converter stations that will support the 1,100 kilometer-long, high-voltage direct current (HVDC) power line which ABB is building to connect the Three Gorges power plant with Shanghai. |
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| ABB closes sale of upstream Oil, Gas and Petrochemicals business for $925 million |
12 July 2004 - ABB (Power Technologies)
ABB said today it closed the sale of the upstream part of its Oil, Gas and Petrochemicals division to a consortium of private equity investors made up of Candover Partners Ltd, 3i and JPMorgan Partners. ABB said that the initial sale price was $925 million, and the sale agreement also includes a potential deferred consideration of up to $50 million, based on 2004 EBITDA. |
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| ABB concludes compliance review of upstream Oil, Gas and Petrochemicals business |
07 July 2004 - ABB (Power Technologies)
ABB have concluded a compliance review of its upstream Oil, Gas and Petrochemicals division, fulfilling a major closing condition for the sale of the upstream business to a consortium of private equity investors made up of Candover Partners Ltd, 3i and JPMorgan Partners. |
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| Peter Voser to become CFO of Royal Dutch/Shell |
24 June 2004 - ABB (Power Technologies)
The Board of Directors of ABB today announced that Peter Voser, chief financial officer (CFO) and a member of the Group executive committee, will leave ABB at the end of September. Voser, 46, is resigning to become chief financial officer of the Royal Dutch/Shell Group of companies and a Shell Group managing director, effective October 4. |
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| ABB wins $390 million order for major Chinese power link |
14 June 2004 - ABB (Power Technologies)
ABB has signed an order worth $390 million to build a key power link from the Three Gorges hydropower plant in central China to the coastal city of Shanghai. The order is the world's largest power transmission project for several years.
ABB, working with Chinese manufacturers, will build a 1,100 kilometer long, 3,000 megawatt (MW) high-voltage direct current (HVDC) transmission link, under the terms of the contract awarded by the State Grid Corporation in China. |
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| ABB reports irregularities in Italian medium-voltage business to authorities |
11 June 2004 - ABB (Power Technologies)
ABB launched its inquiry, which is still ongoing, earlier this year following the discovery of the accounting irregularities during an internal audit review.
'We have a policy of zero tolerance for improper behavior, and we acted promptly to address the issue,' said Jürgen Dormann, ABB chairman and CEO. 'Our investigation showed that this is an isolated case. We have contacted the relevant authorities and disclosed our findings.' |
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| Preventing power outages in China |
06 June 2004 - ABB (Power Technologies)
A record-setting power link between the Three Gorges and Guangdong – which is geared to transferring power from Central to South China to help eliminate power outages – was today handed over by ABB to China's State Grid Corporation.
'We are pleased to help China in its efforts to improve power reliability,' said Peter Smits, member of ABB's Group Executive Committee and head of the Power Technologies division. 'High-tech power links like this one are important, particularly in China, where power supply from remote sources is strained by excessive demand.' |
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| ABB drives help develop giant Norwegian gas field |
28 May 2004 - ABB (Power Technologies)
ABB has received a $22 million order from GE Oil and Gas - Nuovo Pignone to provide electrical drive systems for an onshore gas processing plant that will support the Ormen Lange gas field in Norway. |
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| ABB shareholders re-elect board of directors |
18 May 2004 - ABB (Power Technologies)
At the group's annual general meeting today, ABB shareholders approved the re-election of the board of directors for a further one-year term of office.
Shareholders overwhelmingly voted in favor of re-appointing the board, which comprises eight members from six countries. The board said before the annual general meeting that, if re-elected, it would re-appoint Jürgen Dormann as chairman, and Jacob Wallenberg as lead director. |
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| European Commission investigates pricing activities in gas insulated switchgear business
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13 May 2004 - ABB (Power Technologies)
ABB said today the European Commission has launched an investigation into suspected anti-competitive practices of companies active in the high-voltage gas insulated switchgear (GIS) business. ABB said the European Commission's Directorate-General for Competition was carrying out investigations at premises of companies involved in the GIS business. ABB said it was cooperating fully with the investigation, and added that none of its premises were being inspected. |
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| ABB wins $16 million order to strengthen power supply in Sudan |
07 May 2004 - ABB (Power Technologies)
ABB has signed a contract worth $16 million for a power transmission project which will strengthen Sudan's power grid. Peter Smits, head of ABB's Power Technologies division, said: 'ABB's state-of-the art substation automation technology will ensure reliable power supply in a region, where power is a scarce resource.' |
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| ABB marks 50th anniversary of pioneering HVDC technology |
06 May 2004 - ABB (Power Technologies)
ABB today marked the 50th anniversary of its pioneering of HVDC (high-voltage direct current) technology with a series of events on the Swedish island of Gotland – the site of the first HVDC line, which was commissioned in 1954.
Since launching HVDC commercially 50 years ago, ABB has been at the forefront of developing the technology further. This includes ABB's patented HVDC Light, which is designed for underwater and underground power transmission. |
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| ABB wins system order to develop energy market in the Philippines |
03 May 2004 - ABB (Power Technologies)
ABB has been awarded a contract to provide its SABLE Market Operation System to administer the Wholesale Energy Spot Market (WESM) in the Philippines when it opens early next year. The multi-million dollar contract includes training and support services, and is being financed by the Asian Development Bank and the Japan Bank for International Cooperation. |
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| ABB wins $15 million power equipment order in China |
22 March 2004 - ABB (Power Technologies)
ABB announced today it has won a contract worth $15 million to deliver gas-insulated switchgear and three generator circuit-breakers to a coal-fired power plant in China. 'This order confirms ABB's reputation in China as the number one supplier of high-tech and high quality power products,' said Peter Smits, head of ABB's Power Technologies division. |
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| ABB wins $40 million order to strengthen power supply in Romania |
19 March 2004 - ABB (Power Technologies)
ABB has won a $40 million order to rehabilitate a vital link in the Romanian national power grid. The new substation will ensure reliable electrical power in northeastern region. The state-owned power grid company Transelectrica S.A. awarded ABB a contract to design and build the 400/220/110 kilovolt Gutinas substation, which will replace an ageing substation and ensure reliable electricity supply in the historic Moldova province of northeastern Romania. |
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| ABB wins US$16 million order to strengthen power transmission in Vietnam |
18 March 2004 - ABB (Power Technologies)
ABB has won a contract worth $16 million to deliver a 500/220/110 kV substation to Vietnam to strengthen power transmission in the south of the country. The Contract for Tan Dinh substation, awarded by the Southern Vietnam Power Project Manage-ment Board (SPPMB), a unit of the Electricity of Vietnam (EVN), will improve the transmission system's efficiency and increase the reliability of power supply in Ho Chi Minh City and other areas in the south. |
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| ABB wins marine contracts worth $110 million |
17 March 2004 - ABB (Power Technologies)
ABB has signed contracts worth some $110 million to supply Azipod propulsion, electrical power, distribution, and automation systems for a total of nine vessels. They are being built for Norwegian Cruise Line, Royal Caribbean Cruises, Russian joint venture investors CJSV Sevmorneftegaz, and French maritime operator Groupe Bourbon. The propulsion, electrical and automation systems support new shipbuilding activity. |
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| ABB wins $22 million hydro power station equipment order in China |
15 March 2004 - ABB (Power Technologies)
ABB said today it has won a contract worth $22 million from a GE-led consortium to deliver power station equipment which will strengthen the supply of electricity in part of eastern China. The equipment will be installed at the 4x250 MW Yixing pumped storage power station in Jiangsu province. |
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| ABB appoints Fred Kindle as new CEO |
27 February 2004 - ABB (Power Technologies)
The Board of Directors of ABB Ltd announced today that Fred Kindle has been appointed as the group's new chief executive from next January. Kindle, the current chief executive of Swiss-based technology concern Sulzer AG, will join ABB on September 1, 2004 and assume the roles of president and CEO in January 2005. |
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| ABB wins $43 million order to secure power supply in Mexico |
24 February 2004 - ABB (Power Technologies)
ABB announced today it has won a turnkey contract worth $43 million to install Flexible Alternating Current Transmission Systems (FACTS) technology to help prevent power blackouts in Mexico. The contract, awarded by Comisión Federal de Electricidad (CFE), the Mexican state-owned utility, will improv e the efficiency of the transmission system and increase grid reliability in Mexico City and northern parts of the country. |
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| ABB sells Swiss Building Systems business |
20 February 2004 - ABB (Power Technologies)
ABB has signed an agreement to sell its building systems business in Switzerland to Capvis, a Swiss private equity company. ABB will retain a ten percent share in the business. 'The sale is part of our continuing strategy to streamline ABB operations and is another step towards completing our program of divestments,' said Peter Voser, ABB's chief financial officer. |
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| ABB supplies advanced drives to Chinese steel maker |
13 February 2004 - ABB (Power Technologies)
ABB has received a US$ 20 million contract from China's Jiangsu Shagang Group Co., Ltd. to supply all drive systems and power supply equipment for a 'greenfield' heavy plate rolling mill. The new mill will be built near Shanghai in Jiangsu Province in cooperation with the engineering firm Voest -Alpine Industrieanlagenbau of Austria. |
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| ABB wins US$ 21 million contracts to boost copper production in Chile |
30 January 2004 - ABB (Power Technologies)
ABB won two automation contracts worth a total of US$ 21 million to help boost production for the Chilean company Collahuasi, the world's fourth largest copper producer. The automation solutions include world's largest copper mill motor. |
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| ABB and Meiden establish joint venture in Japan |
27 January 2004 - ABB (Power Technologies)
ABB has entered into a joint venture with a Japanese company, Meidensha Corporation (MEIDEN), to produce surge arresters, used for the protection of power networks. The new jointly-run company, MSA Co. Ltd., will produce gapless zinc oxide surge arresters. It will start with about 50 employees and is targeting annual revenues of about US$ 15 million. |
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| ABB wins US$ 41 million in orders for China's petrochemical industry |
21 January 2004 - ABB (Power Technologies)
ABB has won orders worth more than US$ 41 million to supply switchgear and transformer products to two major Chinese petrochemical companies. The products will improve electricity supply and help boost productivity. |
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| ABB wins US$ 190 million contract in Poland |
19 January 2004 - ABB (Power Technologies)
ABB has signed contracts worth US$ 190 million with the Polish investor Europol Gaz and pipeline contractor Bartimpex for construction of two compressor stations along the Yamal-Europe natural gas pipeline. The new compressor stations will boost natural gas delivery from Russia's Yamal Peninsula. |
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| ABB finalizes agreement to sell part of Oil, Gas and Petrochemicals division for US$ 925 million |
16 January 2004 - ABB (Power Technologies)
ABB has finalized the agreement to sell the upstream part of its Oil, Gas and Petrochemicals division to a newly incorporated company formed by a private equity investors' consortium of Candover Partners Ltd, 3i and JPMorgan Partners. ABB expects to record a small capital gain on the initial sale price of US$ 925 million. |
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| ABB wins 2003 Global Energy Award |
18 December 2003 - ABB (Power Technologies)
ABB has won the Platts 2003 Global Energy Award for its part in developing the world's most powerful storage battery system. The 'Energy Engineering Project of the Year' accolade was awarded for the Battery Energy Storage System (BESS) in Fairbanks, Alaska, owned by the Golden Valley Electric Association (GVEA). The battery was energized in August. |
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| ABB wins US$ 31 million order to boost power supply in Algeria |
16 December 2003 - ABB (Power Technologies)
ABB has won an order worth US$ 31 million to install two power distribution substations in Algeria. The contract, signed with Société Algérienne de l'Electricité et du Gaz (Sonelgaz), is designed to meet the growing demand for energy in the capital, Algiers. Thep project to be completed 20 percent faster than industry norm. |
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| More than 99% of rights exercised in ABB capital increase |
11 December 2003 - ABB (Power Technologies)
ABB announced today that in total more than 99 percent of subscription rights were exercised in its US$ 2.5-billion capital increase. 'We view this very high level of participation as another strong vote of confidence from our shareholders,' said Peter Voser, ABB's chief financial officer. ' Together with our recent €650-million bond and the new US$1-billion credit facility, we now have the capital base to ensure the long-term growth of our core businesses.' |
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| Business leaders launch initiative to define business role in human rights |
09 December 2003 - ABB (Power Technologies)
An international initiative to better define the role of business in human rights was announced today by seven leading companies from a broad spectrum of industries. The Initiative is unique in its attempt to break down some of the barriers and uncertainties that have kept many responsible companies from realising their role in supporting universal human rights. |
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| ABB sells reinsurance business for US$ 425 million |
09 December 2003 - ABB (Power Technologies)
ABB has agreed to sell its reinsurance business (Sirius) to White Mountains, the Bermuda-based insurance holding company, for a cash price of 3,220 million Swedish Kronor (about US$ 425 million at December 1 exchange rate). |
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| ABB wins US$ 27 million order to boost energy supply in Sri Lanka |
02 December 2003 - ABB (Power Technologies)
ABB won a turnkey contract worth US$ 27 million to strengthen energy supplies in the Sri Lankan capital, Colombo, and its industrial outskirts. It is the largest power transmission order won by ABB in Sri Lanka. |
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| ABB sharpens Automation Technologies focus |
25 November 2003 - ABB (Power Technologies)
ABB say it will merge its six automation business areas into three globally-focused businesses effective January 1, 2004. The move continues an evolution that began in late 2002 when the group merged two automation-related divisions and combined eleven business areas into six. |
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| ABB shareholders approve share capital increase to raise about US$ 2.5 billion |
20 November 2003 - ABB (Power Technologies)
ABB shareholders today approved a share capital increase expected to raise about US$ 2.5 billion, at an extraordinary general meeting held in Zurich. ABB now plans to issue and list 840 million new shares, at an offer price of CHF 4 per share on the SWX, Stockholm, London and Frankfurt stock exchanges. |
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| ABB wins US$ 13 million power products order in China |
17 November 2003 - ABB (Power Technologies)
ABB has won a US$ 13 million order from Shandong Luneng Material and Goods M&G Group in China to deliver transformers, breakers and other power products to 500 kV substations in the Shandong province. |
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| ABB signs five-year deal with Bombardier Transportation worth up to US$ 500 million |
13 November 2003 - ABB (Power Technologies)
ABB has signed a five-year alliance agreement with Bombardier Transportation, the global leader in the rail equipment manufacturing and servicing industry.
The agreement establishes a general framework for the business relationship and procurement transactions between Bombardier Transportation and ABB. It is the first such agreement signed by Bombardier Transportation with any of its suppliers. |
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| ABB strengthens reliability of U.S. power supply |
10 November 2003 - ABB (Power Technologies)
ABB has successfully commissioned a high-voltage direct current (HVDC) transmission system link, interconnecting the eastern and western power grids of the United States. The back-to-back system is expected to boost grid reliability.
The HVDC system, called the 'Rapid City Tie' because it passes close to Rapid City, South Dakota, carries 200 MW of power. ABB completed the US$50 million contract in only 19 months – six months faster than the industry standard. |
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| ABB wins US$ 21 million substation orders in Malaysia |
06 November 2003 - ABB (Power Technologies)
ABB said today it has won turnkey contracts worth US$ 21 million to rehabilitate and extend five 275/132kV substations in Malaysia. The five substation contracts with Tenaga Nasional Berhad (TNB) are to upgrade the electrical infrastructure around the city of Kuala Lumpur and in the northern part of Malaysia to meet increasing demands for energy and a reliable power supply. |
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| ABB wins US$ 13 million contract to enhance railway power supply in United Kingdom |
03 November 2003 - ABB (Power Technologies)
ABB has won a US$ 13 million contract to upgrade an existing substation that feeds power to a major railway line in the U.K. The contract has been awarded by National Grid, the national electric utility. |
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| ABB wins US$ 54 million order for transformers |
09 October 2003 - ABB (Power Technologies)
ABB has won an order from Bombardier Transportation to deliver traction transformers valued at US$ 54 million. The order includes several hundred traction transformers, specially designed for locomotives, which will be manufactured in ABB's focused factories in Halle, Germany and Geneva, Switzerland. ABB will produce the first units on a fast-track basis by early 2004, and deliver the remainder in stages until 2009. |
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| ABB contract in Russia's Far East worth more than US$ 30 million |
01 October 2003 - ABB (Power Technologies)
ABB has won a major share of the contract to create a telecommunications system for the giant Sakhalin II oil and gas development on Sakhalin Island, in eastern Russia. ABB's participation in the project is worth more than US$ 30 million. |
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| PG&E awards ABB power transmission contract in USA |
29 September 2003 - ABB (Power Technologies)
ABB has won a contract to install Flexible AC Transmission Systems (FACTS) technology to the Pacific Gas & Electric (PG&E) electrical transmission network in San Francisco, California. The contract is worth US$ 12 million. |
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| Thai Petrochemical awards Technical Audit contract to ABB |
18 September 2003 - ABB (Power Technologies)
Thai Petrochemical Industry (TPI) Public Company has awarded ABB a US$1.1 million contract to conduct a technical audit on their manufacturing facilities utilizing ABB Process Solutions consultancy and engineering expertise in the Petrochemical, and Oil and Gas sectors. |
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| ABB wins consulting order to increase power equipment reliability in USA |
15 September 2003 - ABB (Power Technologies)
ABB has won an order to help International Transmission Company in the United States manage its power transmission assets. ABB asset management services will help International Transmission Company track the condition of all its critical substation equipment, including transformers, circuit breakers, batteries and relays. ABB will also help International Transmission Company to schedule and track the status of maintenance activities. |
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| High-tech systems to modernize power distribution infrastructure in Abu Dhabi |
03 September 2003 - ABB (Power Technologies)
ABB has won two contracts worth US$ 59 million to upgrade and expand electric power transmission and distribution in the United Arab Emirates. The contracts, signed with Abu Dhabi Water and Electricity Authority (ADWEA), are designed to meet the growing demand for energy in the UAE. |
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| ABB joint winner of engineering award for the world's longest underground power line |
02 September 2003 - ABB (Power Technologies)
The Murraylink Transmission Company, which comprises ABB, KBR and PIHA Australia, has won a second prestigious award for the Murraylink interconnector in Australia, the world's longest underground power transmission line.
The Engineering South Australia Award 2003 was handed to the Murraylink Transmission Company in Adelaide, Australia, at the end of August. |
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| ABB helps strengthen power supply in Alaska |
27 August 2003 - ABB (Power Technologies)
The world's largest battery energy storage system, which uses ABB technology, has begun commercial operation in Alaska. The US$ 30 million dollar system is expected to cut power blackouts by more than 60 percent. |
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| ABB to provide world's largest stainless steel processing lines |
15 August 2003 - ABB (Power Technologies)
ABB has signed two contracts totalling US$ 21 million with Ningbo Baoxin Stainless Steel Company of China. ABB's technology will support the development of the world's largest stainless steel processing lines, and help Baoxin to more than double production. The U |
