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ABB Ltd to Invest in New Russian Factory

Sunday, 29 Sep 2013 08:00pm EDT 

ABB Ltd announced that the Company plans to invest about USD 20 million to build its first factory in the Lipetsk special economic zone in Russia. The construction is starting in 2014 and production for low-voltage modules is expected to begin in 2015. The new site will be located approximately 450 kilometers southeast of Moscow. The new factory will be the sixth ABB factory in Russia. 

Company Quote

-0.17 -0.77%
3:24am EST