Releases - ABB

Long-term Azipod maintenance agreement for 20 ships will improve their energy efficiency by 2.5 to 4 percent, cutting costs by as much as $1 million a year per ship
Zurich, Switzerland, April 11, 2012 – ABB, the leading power and automation technology group, has won a long-term service contract from Carnival Corporation to maintain and upgrade ABB’s Azipod equipment over the next 15 years for 20 ships in their...

FACTS solutions to increase transmission capacity, ensure grid stability and facilitate wind power integration in Texas
Zurich, Switzerland, April 10, 2012 – ABB, the leading power and automation technology group, has won orders worth around $45 million from leading US utility Oncor, to provide electrical solutions that will increase transmission capacity, ensure grid stability and facilitate the integration of...

Banerjee to join ABB from Hewlett Packard, to start new role midyear 2012
Zurich, Switzerland, April 5, 2012 – ABB, the leading power and automation technology group, has appointed Prith Banerjee to its Executive Committee in the role of Chief Technology Officer. Banerjee, 51, will start midyear 2012 and will be based in Zurich.

He joins ABB from Hewlett Packard, where he was Senior Vice President of Research...

· Orders rise 17% (10% organic), revenues up 16% (10% organic)
· Full-year orders hit $40 bn for first time, record revenues of $38 billion
· Q4 operational EBITDA up 18%, net income 19% higher
· $1.7 bn cash from operations in the fourth quarter
· Board of Directors proposes dividend of CHF 0.65 for full year, up 8% versus 2010
Zurich, Switzerland, Feb. 16, 2012 – ABB reported an increase in...

Zurich, Switzerland, Dec. 19, 2008 - ABB, the leading power and automation technology group, will book pre-tax provisions of approximately $850 million in the fourth quarter of 2008.

The provisions are for potential costs related to the previously disclosed investigations by the U.S. and European authorities into suspect payments and alleged anti-competitive practices, respectively. The provisions also include an...

Confirmation of amended plan required by bankruptcy court
Zurich, Switzerland, March 21, 2005 -- 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 (CE) and ABB Lummus Global to resolve the asbestos claims of both companies.

The term sheet is the result of recent intensive discussions between the company...

Company confident of addressing outstanding issues promptly
Zurich, Switzerland, December 3, 2004 – 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 (CE) will be reviewed again by the District Court.
Under the Plan of Reorganization announced in January 2003, ABB offered a $1.2 billion trust fund for...

ABB, Accenture, Intel, Microsoft align to help manufacturers connect
plant operations to enterprise business systems

New alliance enables 'shop floor to top floor' connectivity across
global network of plants to enhance business visibility, decision-
making, financial performance

CHICAGO (National Manufacturing Week) -- March 3, 2003 -- ABB,
Accenture, Intel...