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Asea Brown Boveri Ltd (ABB Ltd.)
Latest Updated by 2003-10-17 08:33:17

ABB is a global leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. ABB has 135,000employees in around 100 countries.

The ABB Group is headquartered in Zurich, Switzerland. ABB Ltd shares are traded on the stock exchanges in London, Zurich, Stockholm, Frankfurt and New York.

More than half of ABB's revenues come from European markets, nearly a fourth from Asia, the Middle East and Africa, while more than a fifth of the revenues come from North andSouth American markets.

The ABB Group was formed in 1988, when the Swedish Asea and the Swiss BBC Brown Boveri merged under the name ABB. Asea's history dates back to 1883. BBC Brown Boveri was founded in 1891.

ABB has three divisions that serve utilities, process industries, manufacturing and consumer industries, and the oil, gas and petrochemicals sectors.

ABB IN CHINA

ABB and China have grown together. Our relationship dates back to 1907, when we
delivered the first steam boiler to China. Since then, our trade relationship grew considerably. In 1974, the ABB in China operation was established in Hong Kong,
which was followed by its first permanent office in Beijing in 1979. In 1994, we took a
decisive step forward and moved our China headquarters to Beijing. Today, we have 23
branches and sales offices, as well as 27 joint ventures and wholly owned companies all over China. More than 6,000 people work for us in China.

Through direct investment and partnership with local investors, ABB has created a strong
manufacturing base covering a wide spectrum of power transmission, power distribution,
and automation products and systems.

Our portfolio in China includes the full range of power transformers and distribution
transformers, switchgear technologies for high-, medium- and low-voltage applications,
electrical drives and motors. These products are used in industrial, commercial and utility
applications. Many ABB companies in China are best in class, setting the benchmark
standard for their peer groups.

ABB significantly strengthened its position in the Chinese market by building up local technical and engineering centers in recent years. Our engineering and project management capabilities covers applications in metals; pulp and paper; chemicals and life sciences; the automotive industry; utility automation, and building systems.

Editor: Wing

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