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ABB wins long-term service contract from Carnival to improve energy efficiency

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...

ABB wins $45 million power orders to boost clean power integration in Texas

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...

ABB appoints Prith Banerjee to Executive Committee as Chief Technology Officer

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...
 

ABB wins $100 million power orders to boost production at Rio Tinto mines in Aus...

Substations to reinforce power distribution for expanded operations
Zurich, Switzerland, March 13, 2012 – ABB, the leading power and automation technology group, has won orders worth around $100 million from Rio Tinto for 17 distribution substations to support increased production at iron ore mines in Western Australia.

The upgrades and installation of new power infrastructure will raise the voltage level of...

ABB reports solid fourth quarter performance, 2011 net income up 24%

· 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...

ABB fourth-quarter results to be impacted by pre-tax provisions of about $850 mi...

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...

ABB reaches agreement on term sheet for amended plan to settle asbestos issue

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...

ABB asbestos case to be reviewed

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 opera...

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...

ABB

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 ...

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