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ABB Ltd (ABBN.S)

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Latest Key Developments (Source: Significant Developments)

ABB says wins order to double capacity at Kazakh copper concentrator
Thursday, 17 May 2018 09:34am EDT 

May 17 (Reuters) - Abb Ltd says::WON AN ORDER TO DELIVER A COMPREHENSIVE PROCESS AND POWER SOLUTION THAT WILL DOUBLE CAPACITY OF KAZ MINERALS' SULPHIDE ORE PROCESSING PLANT IN AKTOGAY, KAZAKHSTAN.ABB'S DELIVERY IS PART OF A $1.2 BILLION EXPANSION THAT WILL DOUBLE CURRENT ANNUAL SULPHIDE ORE PROCESSING CAPABILITY AT THIS SITE FROM 25 MILLION TO 50 MILLION TONS.IN ADDITION TO SULPHIDE ORE, THE COMPANY ALSO PROCESSES AROUND 12 MILLION TONS PER ANNUM OF OXIDE ORE.PROJECT IS THE THIRD MAJOR ORDER FROM THIS CUSTOMER AND WILL RE-USE THE ENGINEERING AND SOLUTION CONFIGURATION FROM THE COMPANY'S TWO OTHER PRODUCTION LINES IN THE AREA.WILL PROVIDE ABILITY MINEOPTIMIZE INTEGRATED PROCESS AND POWER CONTROL SOLUTION, WHICH INCLUDES ALL PROCESS CONTROL AND ELECTRIFICATION EQUIPMENT AND INFRASTRUCTURE FOR THE PLANT.  Full Article

ABB CEO says Austrian Bernecker & Rainer business developing ahead of plan
Friday, 6 Apr 2018 06:10am EDT 

April 6 (Reuters) - ABB Ltd ::ABB CEO says Austrian Bernecker & Rainer business is developing ahead of plan, $1 billion sales target could be reached earlier than expected.  Full Article

Abb Finance (Usa) Inc Files For Offering Three New Series Of Notes
Wednesday, 28 Mar 2018 02:14pm EDT 

March 28 (Reuters) - Abb Finance (Usa) Inc [RIC:RIC:ABBFN.UL]::ABB FINANCE (USA) INC FILES FOR OFFERING THREE NEW SERIES OF NOTES - SEC FILING‍​.ABB FINANCE (USA) INC - OFFERING $300 MILLION AGGREGATE PRINCIPAL AMOUNT OF 2.800% NOTES DUE 2020.ABB FINANCE (USA) INC - ALSO OFFERING $450 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.375% NOTES DUE 2023.ABB FINANCE (USA) INC - ALSO OFFERING $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.800% NOTES DUE 2028.  Full Article

Abb Completes Epc Business Model Change
Wednesday, 20 Dec 2017 12:48am EST 

Abb Ltd ::ABB COMPLETES EPC BUSINESS MODEL CHANGE.ABB LTD-Q4 RESULTS EXPECTED TO BE IMPACTED BY APPROXIMATELY $150 MILLION EBITA AND $75 MILLION OF NON-OPERATIONAL PRE-TAX CHARGES ON NET INCOME.  Full Article

ABB CEO says company well positioned to take part in $500b Saudi mega city project
Thursday, 26 Oct 2017 02:10am EDT 

Oct 26 (Reuters) - Abb Ltd :ABB CEO says confident that ambition to accelerate growth will pay off in 2018.ABB CEO says company has been better dealing with raw materials price increases.ABB CEO says sees opportunity to increase margins in robotics business.ABB CEO says expects to improve business in saudi arabia, will do best to participate in $500b mega city project.  Full Article

ABB CEO expects $400 mln integration costs from GE deal
Monday, 25 Sep 2017 03:19am EDT 

Sept 25 (Reuters) - ABB Ltd :CEO Ulrich Spiesshofer says expects integration costs of $400 million amid 'footprint' optimisation.  Full Article

ABB puts share buyback on hold given GE transaction
Monday, 25 Sep 2017 02:31am EDT 

Sept 25 (Reuters) - ABB Ltd :Says has put share buyback programme on hold given GE transaction.  Full Article

General Electric said to near industrial-solutions unit sale to ABB- Bloomberg
Friday, 22 Sep 2017 06:04am EDT 

Sept 22 (Reuters) - :GE is said to near industrial-solutions unit sale to ABB - Bloomberg, citing sources.  Full Article

ABB confirms 2020 targets at innovation day - slides
Wednesday, 6 Sep 2017 08:59am EDT 

Sept 6 (Reuters) - Abb Ltd :ABB CEO confirms 2020 targets at innovation day - slides.ABB says market dynamics improving but 2017 still transition year - slides.ABB sees 2018 as first year of "new normal".  Full Article

Wartsila, ABB expand cooperation in services
Thursday, 24 Aug 2017 03:00am EDT 

Aug 24 (Reuters) - Wartsila Oyj Abp :says Wartsila and ABB have signed an agreement to expand their cooperation in lifecycle service offerings.says ABB has granted Wartsila the Authorized Service Provider status for standard maintenance of ABB turbochargers installed with Wartsila 4-stroke engines .  Full Article

BRIEF-ABB says wins order to double capacity at Kazakh copper concentrator

* WON AN ORDER TO DELIVER A COMPREHENSIVE PROCESS AND POWER SOLUTION THAT WILL DOUBLE CAPACITY OF KAZ MINERALS' SULPHIDE ORE PROCESSING PLANT IN AKTOGAY, KAZAKHSTAN