ABB invests in Lumin to accelerate the development of accessible home energy management solutions Cary, North Carolina, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Joint development of new accessible energy management solutions to increase sustainability and cost savings for homeowners in North AmericaPartnership leverages the strengths of Lumin’s software and cloud capabilities in responsive load control along with ABB’s electrical distribution portfolio and channels to marketNew investment is another step in ABB’s commitment to enhancing energy management in the residential energy sector ...
ABB invests $170 million in the U.S. Cary, NC, April 04, 2023 (GLOBE NEWSWIRE) -- Investment reflects increased customer demand for electrification and automation productsWisconsin greenfield facility for drives and services demonstrates continued commitment to U.S. customers and workforceInflation Reduction Act supports company’s continued investment in creating more secure supply chain and strengthening local manufacturing ABB is accelerating its growth strategy in the United States by investing approximately $170 million and creating highly skilled jobs in manufacturing, innova...
ABB to add new US manufacturing facility to support grid hardening and resiliency Atlanta, GA, March 30, 2023 (GLOBE NEWSWIRE) -- Investment of $40 million will create new Albuquerque facility to support the US Utility sector in strengthening the electric gridOperations creates 55 new jobs in New Mexico Increases production of high-demand Elastimold® cable accessory solutions used to improve reliability and safety for American consumers and businesses ABB is reinforcing its commitment to the US market and Utility industry with the addition of a new manufacturing facility in Al...
ABB to expand Robotics factory in US Auburn Hills, MI, March 16, 2023 (GLOBE NEWSWIRE) -- Investment of $20 million will increase production at its existing Auburn Hills facility and strengthen ABB’s US leadershipNewly expanded, highly automated facility will create new jobs in the state of MichiganExpansion featuring the latest in automated and advanced manufacturing processes to open November 2023 Today, ABB strengthened its commitment to one of its largest customer markets – the US – with construction starting on the expansion of its existing North American robotics headquarter...
ABB survey finds 70% of US businesses looking to bring production closer to home, robotic automation and workforce upskilling essential to return of operations Washington, DC, June 28, 2022 (GLOBE NEWSWIRE) -- 70% plan to reshore or nearshore to address supply chain issues, 43% will use automation and robotics to build supply chain resilience At SelectUSA Investment Summit in Washington, DC, Sami Atiya, President of ABB’s Robotics & Discrete Automation Business called for public/private partnerships to upskill and prepare workers for the future of work In response to the COVI...
ABB’s new Ty-Rap® TyGenic™ antimicrobial detectable cable ties help cut contamination risk Cary, NC, June 28, 2022 (GLOBE NEWSWIRE) -- ABB’s new Ty-Rap® TyGenic™ cable ties are the industry’s first two-piece cable tie that is both antimicrobial* and detectable Over 99 percent effective against a broad spectrum of microorganisms and detectable by x-ray, visual and metal detection systems Helps protect against costly contamination and waste in food and beverage and pharmaceutical processing, healthcare and hygiene-critical locations The cost of contamination can add up, av...
ABB and PACCAR support EV customers with advanced charging solutions for trucks Cary, North Carolina, Feb. 09, 2022 (GLOBE NEWSWIRE) -- ABB EV charging technology to help electrify one of the largest manufacturers of medium- and heavy-duty trucksPACCAR Parts to provide advanced ABB charging solutions up to 350 kW to service PACCAR fleet operations across North America and EuropePartnership will increase operating efficiency and sustainability for PACCAR’s extensive dealer network of 2,265 locations in more than 100 countries ABB is partnering with PACCAR, a global leader in the de...
Lightning eMotors Partners with ABB to Provide DC Fast Chargers Loveland, Colorado, Sept. 09, 2021 (GLOBE NEWSWIRE) -- ABB’s high-output 20 kW to 350 kW DC fast chargers will be available via Lightning Energy, a division of Colorado’s Lightning eMotorsThe fully interoperable line of DC fast chargers is available for order immediately for commercial electric fleet vehiclesThe partnership further demonstrates the companies’ mission to power e-mobility and help significantly lower global CO2 emissions Lightning eMotors (NYSE: ZEV), a leading provider of specialty commercial electric ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Chinese equity markets pulled back in the last week of Feb 21 on the back of a higher US bond yield. For Mar 21, we expect further volatility before the resumption of risk-on trade. We maintain SELL on Fuyao Glass and MicroPort to hedge against such a risk, and take profit on outperformers. Overall, we recommend keeping to laggards and policy-supported sectors, and add Baosteel, Brilliance, CCB, CR Cement and TUL to our BUY list.
ABB Installation Products division officially opens a new distribution center in Phoenix The new Installation Products distribution center will bring the business closer to distributors, contractors, and industrial customers in the western U.S., cutting delivery times by up to half Phoenix, AZ, June 29, 2020 (GLOBE NEWSWIRE) -- Today, ABB Electrification’s Installation Products division made inaugural shipments from its 400,000 square foot West Coast Distribution Center in Phoenix, Arizona. The distribution center, which will supply products to customers in the western region of the U.S...
ABB Electrification invested more than $120 million for its US business in 2019 ABB expands its manufacturing footprint in the United States to deliver safe, smart, sustainable solutions Atlanta, GA, Dec. 05, 2019 (GLOBE NEWSWIRE) -- ABB’s Electrification business continues to direct resources in the United States market following the acquisition of General Electric’s Industrial Solution business. The $2.6 billion acquisition expanded ABB’s portfolio of source to socket electrification solutions in 2018. Since then, ABB has announced investments of over $120 million in its U.S. Electrif...
Dramatic improvement Encouraging developments continue to pour in. Over the past week we have seen dramatic improvements that could be setting the stage for a broad-based advance. We highlight these improvements below, along with what we would like to see in order to have confidence in labeling this a bull market. • 10-year Treasury yield. We continue to believe that a bottom in Treasury yields is necessary before we see a decisive breakout for the broad equity market. We are seeing signs of...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Wide-moat ABB's full-year results are trending in line with our full-year expectations on an underlying basis, but favourable currency movements puts reported revenue growth slightly ahead. We plan to make changes to our forecasts but not material enough to adjust our USD 25.00 and CHF 25.40 fair value estimates for the ADR and local shares, respectively. Shares look attractively valued but we expect some near-term investor hesitation on buying the shares given the ongoing restructuring, and sea...
ABB has an enviable base of robotics and automation customers that puts it in a solid position for Industry 4.0, or Industrial Internet of Things. Both its robotics and industrial controller (used to program equipment) products have leading market share and enjoy loyal customer bases that would be difficult for competitors to capture. Furthermore, ABB’s electrification products division offers some overlap with other customer segments, such as process industries, that could prove useful in cro...
Wide-moat ABB released preliminary first-quarter results in line with expectations and announced the departure of CEO Ulrich Spiesshofer. A change in guard could be positive for the company, provided the new CEO has greater vision on Industry 4.0 applications. Some activist investors are also pushing for a divestment of the electrification division. While the buildings part of this division is tangential to the core automation portfolio, we see overlap in other customer segments, such as process...
Wide-moat ABB released preliminary first-quarter results in line with expectations and announced the departure of CEO Ulrich Spiesshofer. A change in guard could be positive for the company, provided the new CEO has greater vision on Industry 4.0 applications. Some activist investors are also pushing for a divestment of the electrification division. While the buildings part of this division is tangential to the core automation portfolio, we see overlap in other customer segments, such as process...
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