Key Developments: ABB Ltd (ABBN.VX)

ABBN.VX on Virt-X Level 1

23 Dec 2014
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Latest Key Developments (Source: Significant Developments)

ABB Ltd's Board proposes Peter Voser as its new Chairman
Wednesday, 17 Dec 2014 07:00pm EST 

ABB Ltd:Board proposes Peter Voser as its new Chairman.Chairman Hubertus von Gruenberg and Michael Treschow have decided not to stand for re-election to Board of Directors at next Annual General Meeting (AGM).  Full Article

ABB Ltd and Hitachi to form strategic power grid partnership for HVDC in Japan
Monday, 15 Dec 2014 07:00pm EST 

ABB Ltd, Hitachi:ABB and Hitachi announce agreement to form joint venture for high voltage direct current (HVDC) system solutions in Japan.Say new entity, to be based in Tokyo, will be responsible for design, engineering, supply and after-sales services related to DC system of HVDC projects bringing ABB's latest technologies to Japanese market where Hitachi will be prime contractor.  Full Article

ABB Ltd wins power orders worth $55 million in India
Wednesday, 3 Dec 2014 04:01am EST 

ABB Ltd:Says wins power orders worth $55 million to strengthen electricity network in India.  Full Article

ABB Ltd comments on 2015-2020 outlook
Tuesday, 21 Oct 2014 08:00pm EDT 

ABB Ltd:Targets to grow revenues on a like-for-like basis on average 4-7 pct per year in 2015-2020 period.Plans to steadily increase its profitability over period of 2015-2020, measured in operational EBITA, within bandwidth of 11-16 pct.Says new financial targets take effect on Jan. 1, 2015.  Full Article

ABB Ltd to build $216 million gas treatment plant in Tunisia
Tuesday, 30 Sep 2014 05:00am EDT 

ABB Ltd:Says has been awarded a $216 million contract to deliver a gas treatment plant to the South Tunisian Gas Project.Says order was awarded by OMV Tunisie Production GmbH, a subsidiary of Austrian energy group OMV, and was booked in the third quarter.Says plant will have a design capacity of 2.7 million standard cubic meters per day, and is expected to start production by Oct. 2016.  Full Article

ABB Ltd says awarded $103 million order for iron mine in Brazil
Tuesday, 9 Sep 2014 04:30am EDT 

ABB Ltd:Says has won $103 million contract from Brazilian mining company Vale.Says order is to install electrical and automation systems at modern iron ore mine in Carajas mountains of northern Brazil as part of major capacity expansion.  Full Article

ABB Ltd wins $800 million order for Scotland's Caithness -Moray subsea power link
Tuesday, 9 Sep 2014 04:00am EDT 

ABB Ltd:Says has won order worth over $800 million from Scottish Hydro Electric (SHE) Transmission plc.Says order to provide Caithness -Moray high-voltage direct current (HVDC) power transmission link, which to connect electricity grid on either side of Moray Firth in northern Scotland.  Full Article

ABB Ltd and China’s BYD form global alliance in energy storage solutions
Thursday, 4 Sep 2014 08:00pm EDT 

ABB Ltd:Announces with BYD Co., Ltd., strategic collaboration to jointly develop new solutions for energy storage building on their complementary strengths.Says scope of collaboration focuses on following applications: grid-connected energy storage, micro-grid applications, solar energy and marine applications.  Full Article

ABB Ltd partners with
Wednesday, 3 Sep 2014 11:01am EDT 

ABB Ltd:Says has signed global agreement with for sales and cloud-based services, offering more flexibility and real-time exchange of information in order to drive sales performance.  Full Article

ABB signs partnership deal with Volvo on automatic e-bus chargers
Monday, 21 Jul 2014 05:00am EDT 

Volvo AB:Says Volvo Buses and ABB have signed a partnership agreement regarding automatic e-bus chargers for electric-hybrid and full-electric Volvo buses.Says ABB will supply standard-based fast-charging solutions for the electric vehicles.No financial details.  Full Article

ABB CEO rules out major acquisitions - paper

ZURICH, Dec 22 - Swiss engineering group ABB is not planning any big acquisitions at the moment, its chief executive said in an interview with a German newspaper on Monday.

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