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voda 29 april 2013 16:41

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ABB wins USD 120 million Saudi contract

Arabian Business reported that Swiss based power group ABB has said that it has won orders worth around USD 120 million from the Saudi Electricity Company to supply transformers that will help to enhance capacity and enable more electricity supply to meet growing needs.

ABB in a statement said that it will design, manufacture, supply and install the power transformers, which will be located at substations in the western, eastern, southern and central regions of the country.

Mr Bernhard Jucker head of ABB's Power Products division said that "Saudi Arabia remains a key market for ABB and we are delighted to continue supporting the country in its efforts to strengthen its power infrastructure. ABB transformers are designed to maximise availability while ensuring reliability and optimising efficiency."

Transformers are integral components of an electrical grid and essential for the efficient and safe conversion of electricity between diverse voltage systems.

Source - Arabian Business

voda 3 mei 2013 16:29

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ABB wins USD 60 million from Swiss train manufacturer

ABB, the leading power and automation technology group, has received orders worth more than USD 60 million from Swiss train manufacturer, Stadler Rail, to supply traction and onboard power equipment. The orders were booked in the Q1.

The new business follows earlier orders from rail operators to expand their fleets of Stadler trains in Germany (Hessische Landesbahn), Hungary (MAV and GYSEV), Italy (Südtiroler Transportstrukturen), Norway (NSB), and Switzerland (Thurbo).

The equipment will be installed in more than 70 light electric trains, the so called fast light innovative regional train” type (FLIRT) and Gelenktriebwagen type (GTW), for 15 kilovolt alternating current (kVAC) and 25 kVAC line voltage as well as in six multi system FLIRT electric trains for cross-border services.

Mr Ulrich Spiesshofer head of ABB’s Discrete Automation and Motion division said that “These orders clearly demonstrate the success and competitiveness of Stadler trains in combination with ABB’s high-grade propulsion systems and reflect a continuous demand for refurbishment and expansion of train fleets in Europe. This confirms our leading position as a reliable long-term partner and the supplier of choice for modern and energy effcient traction solutions.”

The orders are a continuation of a very successful business cooperation between ABB and Stadler Rail that began in 2002. Since then, Stadler Rail has ordered ABB traction equipment for more than 1,200 FLIRT and GTW train types.

ABB’s scope of supply includes traction converters with integrated onboard power supplies as well as roof mounted traction transformers. ABB traction equipment convert electricity from overhead power lines to the voltage levels needed by the train motors as well as a host of auxiliary power systems, including lighting, heating, ventilation and automatic doors.

ABB has a long history of providing innovative and energy-efficient technologies to the rail sector, manufacturing and servicing all components and sub-systems used in urban, intercity and high-speed networks, both for rail infrastructure and for rolling stock. With a vast global installed base, ABB also provides life cycle service support, including maintenance and retrofits.

Source - Strategic Research Institute

voda 3 mei 2013 16:30

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ABB support renewables thrust in South Africa

ABB, the leading power and automation technology group, has won an order worth around USD 25 million to supply electrical and control systems for a new 75 MW photovoltaic power plant in the Northern Cape province of South Africa. The order was booked in the Q1.

Owned by WBHO, a leading South African construction company, and Building Energy, an Italian renewable energy developer and operator, the plant is located in the Kalahari Desert close to the town of Kathu and to Sishen, one of the largest open-pit iron ore mines in the world.

The Kathu PV power plant is among the first tranche of projects to be awarded as part of South Africa’s renewable energy program, which aims to diversify the country’s energy mix and reduce its carbon footprint.

Once completed in 2014, it is expected to be one of the world’s largest PV power plants with a single-axis tracking system. It will have the capacity to generate around 146 GWh of clean solar power to feed into the national grid enough to meet the needs of over 40,000 people based on average national per capita consumption and displacing the equivalent of about 50,000 tonne of carbon dioxide emissions annually.

Mr Brice Koch head of ABB’s Power Systems division said that “Renewable energy sources such as solar have a key role to play in meeting the growing demand for electricity while minimizing environmental impact. We have a strong track record in delivering turnkey power and automation solutions that are optimizing photovoltaic power plants all over the world.”

ABB’s turnkey electrical and automation solution will optimize the performance of the Kathu plant to maximize output while ensuring reliability in remote and demanding operating conditions. The solution includes a range of ABB power products such as medium and low voltage switchgear, distribution transformers, and control and protection devices. It also incorporates distributed automation and control products from the Symphony Plus family. ABB will be responsible for the design, engineering, supply, installation and commissioning of the project.

Key features of the ABB solution include the integration of the plant’s electrical equipment and high voltage substation with the company’s proprietary Symphony Plus Distributed Control System solution in conformance with the IEC 61850 open communication standard for substation automation. ABB will also supply an advanced tracking system with a back-tracking algorithm that optimizes tracker movement and eliminates shadow on the panels.

Source - Strategic Research Institute

voda 3 mei 2013 16:31

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ABB achieves another HVDC technology milestone

ABB, the leading power and automation technology group, has achieved another technology milestone, energizing its 4th generation of HVDC Light transmission systems. At ±320 KV this latest innovation sets a new record for voltage-sourced converter HVDC applications, compared with the current maximum installed rating of ±200 kV, accredited to ABB.

It will also enable power transmission capacity to be boosted by more than 50% while restricting transmission losses to less than 1% per converter station.

The HVDC Light converter station was energized at the Dörpen West substation in northern Germany, for the Dutch-German transmission system operator, TenneT. This station is the receiving end of the DolWin1 transmission link, which will integrate 800 MW of offshore wind power generated in the North Sea into the European transmission system and will operate at the new record voltage level of +/-320 kilovolts (kV).

The advance was made possible by developments in converter technology, a new valve concept, enhanced semiconductor performance and advanced control systems. It will provide further impetus to the evolution of multi-terminal systems and interconnected HVDC grids, where ABB recently removed a major technology stumbling block with the announcement of its hybrid HVDC breaker development.

Mr Hanspeter Faessler head of ABB’s Grid Systems business, a part of the company’s Power Systems division said that “This latest achievement reinforces our leading position in HVDC transmission and our commitment to the ongoing development of this key technology. ABB is uniquely positioned in this sector with manufacturing capability for converters, cables and semiconductors - the major HVDC components.”

ABB pioneered HVDC technology nearly 60 years ago and has built a vast global installed base of more than 90 HVDC projects around the world with a total transmission capacity of over 95,000 MW. HVDC Light is a manifestation of HVDC that helps to address the needs of underground and subsea transmission and ABB leads the way in this technology, having delivered more than 20 such converter stations.

HVDC Light continues to be a preferred solution for long-distance underground and underwater power links and interconnections. This technology is increasingly being deployed across a range of applications including integration of renewable energies from land-based and offshore wind farms, mainland power supply to islands and offshore oil and gas platforms, city center in-feeds where space is a major constraint and cross-border interconnections that often connect across the seas. The ability of this technology to meet grid code compliance ensures robust network connections regardless of application.

Source - Strategic Research Institute

voda 11 mei 2013 16:56

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Mr Hogan decided to leave from ABB

Mr Joe Hogan CEO of ABB has decided to leave ABB for private reasons.

A date for his departure has not yet been decided. Mr Hogan will continue to lead ABB until a successor is announced. He is committed to a smooth transition.

Mr Hubertus von Grünberg chairman of ABB said that “Joe is a great and successful CEO and has done a remarkable job of leading the company through the deepest economic crisis in living memory. ABB today is in a much better position than it was when he joined five years ago. I know this has been a tough and difficult decision for Joe and the Board sincerely regrets that Joe will be leaving the company.”

Mr Hogan joined ABB as CEO in September 2008. During his time at the helm, ABB has invested about USD 20 billion to strengthen the company. Major investments have been made in acquisitions and in R&D to help secure ABB’s technological leadership in power and automation.

Mr von Grünberg added that “Under Joe’s leadership ABB’s competitiveness has significantly improved by investing boldly in measures to drive growth and innovation, and by carefully managing costs.”

Mr Hogan said that “I have informed the board that I have decided to leave ABB. This has been a difficult decision as I leave behind a strong and talented Executive Committee and a cohesive Board whose support I could always count on. I look forward to making a smooth transition with as little disruption as possible to the positive momentum that ABB has established.”

Source - Strategic Research Institute

voda 14 mei 2013 16:43

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Mr Banerjee decided to leave from ABB

Mr Prith Banerjee CTO, who joined ABB in 2012, has decided to leave ABB for family reasons. He will be relocating to the United States where he will be taking another position outside the company. A successor will be announced in due course.

Mr Joe Hogan CEO of ABB said that “Mr Prith has brought new momentum to ABB’s research and development activity. I regret Mr Prith’s decision to leave the company. I’d like to thank him for his contribution and wish him all the best for the future.”

Mr Banerjee will be leaving ABB in the next few weeks. A date for his departure has not yet been decided.

Source - Strategic Research Institute

voda 20 mei 2013 15:55

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ABB denies delisting proposal by majority shareholder

ABB Ltd has announced that there is a rumor in the market that ABB Limited India is planning to delist from the stock exchange. The company has checked with its majority shareholder who has confirmed there is no intention to buy additional shares and thus commence the de listing process.

Source - Equity Bulls

voda 26 mei 2013 17:12

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ABB to produce photovoltaic inverters in South Africa

ABB, the leading power and automation technology group, plans to start production of central inverters in South Africa to support the rapidly growing local photovoltaic market and local content requirements.

ABB plans to open the new inverter production line at its existing facilities in Johannesburg in 2014. The line for its PVS800 range of central inverters will have a production capacity of approximately 500 MW a year. It will produce 630 KW, 875 KW and 1,000 KW central inverters.

The company already produces solar inverters in Estonia, India and China.

ABB has a long established presence in South Africa as a producer of power converters, and has a dedicated service organization complete with training center to support its expansion. South Africa is one of the world’s fastest growing PV solar markets thanks to the government’s commitment to increase power generation from renewable sources under the country’s renewable energy independent power producer procurement program.

Mr Ulrich Spiesshofer, head of ABB’s Discrete Automation and Motion division, said that “With this investment in a new production line, ABB further reinforces its position as a global renewables leader with attention to local market needs. The region’s energy needs are set to grow with economic expansion and with South Africa looking to benefit from its abundance of sunshine we will be in an even better position to serve our local customers.”

ABB installed its first two 500 KW PV solar projects near Johannesburg in 2011, and has since gained a delivery pipeline of approximately 90 MW of central inverters.

The ABB central inverter series, rated from 100 KW to1000 KW, is designed for multi MW PV power plants. The inverter series is based on ABB’s highly successful frequency converter platform, which has achieved global sales of more than 100 GW over the last 10 years.

ABB has been in the solar business since the early 1990s and has a well-diversified solar portfolio including products and solutions along the entire solar value chain. ABB offers a complete portfolio of solar inverters for the PV market, as well as plant optimization systems, grid integration, low-voltage products, and remote operations and maintenance for all types of solar power generation.

Source - ABB

voda 1 juni 2013 17:08

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ABB demonstrates technology to power flash charging electric bus system

ABB, the leading power and automation technology group has developed a new technology that will help power the world’s first high capacity flash charging electric bus system.

ABB announced at the 60th congress of the International Association of Public Transport in Geneva that it is working together with the city’s public transport company, the Office for the Promotion of Industries and Technologies and the Geneva power utility SIG on the TOSA electric bus system pilot project.

The new boost charging technology will be deployed for the first time on a large capacity electric bus, carrying as many as 135 passengers. The bus will be charged directly at selected stops with a 15 second energy boost while the passengers enter and leave the bus, based on a new type of automatic flash-charging mechanism. The pilot project runs between Geneva airport and the city’s international exhibition center, Palexpo.

Mr Claes Rytoft, ABB’s acting Chief Technology Officer, said that “Through flash charging, we are able to pilot a new generation of electric buses for urban mass transport that no longer relies on overhead lines. This project will pave the way for switching to more flexible, cost-effective, public transport infrastructure while reducing pollution and noise.”

Source - Strategic Research Institute

voda 9 juni 2013 17:24

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ABB to supply electrical equipment for Mongolian copper plant

Facing tough climatic conditions in Mongolia’s Eastern Gobi Desert, ABB is placing an electrical equipment package in the Greenfield copper and molybdenum project Tsagaan Suvarga. The automation and Power Company won the order from Mongolyn Alt Corporation, one of Mongolia’s largest national mining companies, with three open pit coal mines in operation. With a targeted production volume of 40,000 tonnes of copper per day, the Tsagaan Suvarga project is expected to become the third largest copper mine in Mongolia.

Integrated into pre-fabricated containerized E-houses, ABB’s scope of supply includes 22/6.6 kV switchgears, DC power supply, uninterrupted power supply, transformers, 400 V motor control centers, variable speed drives, variable speed multi drives and a power management system based on System 800xA process control and IEC 61850. The incorporation of the equipment into pre fabricated E-houses reduces the erection work on site, optimizing the overall time schedule. The solutions are proven for stable operation under extreme variations in temperatures of -35 to 40 °C.

Mr Giuseppe di Marco head of ABB’s mining business said that “ABB’s electrification solutions will allow Mongolyn Alt Corporation to achieve optimal operational conditions to reach highest production at lowest energy costs. Our well established relationship with the customer, the early involvement in basic engineering, as well as the ability to provide first-class equipment for use under extreme climatic conditions, was major factors for winning this order.”

Source - Automationworld.com

voda 11 juni 2013 16:56

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ABB agrees to buy Dynamotive Limited in UK

ABB, the leading power and automation technology group, announced its intention to acquire Dynamotive Limited to expand its service offering in low and medium voltage drives and motors.

Coalville, UK based Dynamotive designs, commissions and upgrades systems of drives, controls and motors for industrial and marine applications and automotive test rigs. Dynamotive has about 40 employees and is privately owned. Its owners will continue to work for ABB.

Mr Pekka Tiitinen, head of ABB's Drives and Controls business unit, said that “The acquisition of Dynamotive will enable ABB to expand its service operations including upgrade and retrofit capabilities in low and medium voltage drives. Furthermore, it will help ABB to increase its sales of complete industrial motion packages, which include drives, motors, controls and related services.”

Mr Tiitinen said that “By combining Dynamotive’s service and engineering capabilities with ABB’s manufacturing capabilities and product know-how we will better serve our customers.”

Dynamotive will be integrated into ABB’s Drives and Controls business unit, led in the UK by Neil Ritchie. ABB is one of the world’s largest manufacturers of electric motors and drives. Drives adjust the speed of electric motors to match the actual demand of the application thereby improving productivity and energy efficiency.

Mr David Perkins, MD of Dynamotive’s, who will continue to lead Dynamotive’s operations under the ownership of ABB, said that “We are excited about the opportunity to join forces with ABB. We are confident that our customers and employees will benefit from the increased level and quality of services that we can offer them.’’

Mr Perkins said that “Through this deal we will get better access to ABB’s drive, motor and control technology, as well as access to ABB’s global sales and service network.”

Source – Strategic Research Institute

voda 18 juni 2013 15:42

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ABB holds Automation World 2013 in Beijing

ABB Group, a Switzerland based power and automation technology giant, held the ABB Automation World 2013 at the China National Convention Center in Beijing last month. The theme of the event was "Innovative Technologies Improve Productivity".

This was the fifth consecutive year that ABB held this event in China. This year the company has introduced several advance automation technologies, a plethora of products for electric car charging technology, high efficiency electrical machinery, smart home solutions and robot manufacturing system.

Mr Greg Scheu head of marketing and Customer Solutions of ABB Group, said that the group has been deeply rooted in China, and it will continue to invest in China to improve its local R&D, sales, service and production.

In June 2007, ABB High Voltage Switchgear Co Ltd, Beijing and ABB LV Installation Materials Co Ltd, Beijing were set up in Beijing E-Town, a triple-A rated industrial park. The operations of these two plants greatly improved its production facilities and capacity to meet the continuous growth on the demands for high, medium and low voltage equipment from the Chinese market; as well as, those overseas. Beijing E-Town also becomes ABB's global production base.

As one of the four pillar industries in Beijing E-Town, the area's equipment manufacturing industry has attracted many of the world’s leading companies including Corning, Panasonic, Bosch Rexroth, Schneider Electric, SMC and Honeywell. In the first four months of this year, the area saw its industrial output value from equipment manufacturing industry reached RMB 15.57 billion, accounting for 18% of the area's total.

Beijing E-Town aims to build advance equipment manufacturing industry cluster. It is focusing on the development of railway transportation equipment, special equipment for the chemical and medical industry, transformers and switches for the power industry; as well as, machinery for the optical industry.

Source - China Knowledge

voda 18 juni 2013 15:43

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ABB appoint Mr Ulrich Spiesshofer as new CEO

The Board of ABB has unanimously appointed Mr Ulrich Spiesshofer, the head of its Discrete Automation and Motion division, as CEO. He will succeed Mr Joe Hogan in this role in an orderly transition on September 15th 2013. Mr Hogan will continue with ABB for some months as Senior Advisor to the Board.

Spiesshofer joined ABB’s Executive Committee in 2005 and was named responsible for DM in 2009. He has led a doubling of the division’s revenues by organic and inorganic means, and the integration of Baldor - ABB’s largest ever acquisition. He has increased profit margins through a turnaround in Robotics, as well as the profitable growth and relentless execution of the motors and drives activities.

Mr Hubertus von Grünberg chairman of ABB said that “ABB has developed a strong bench of talent: I am extremely pleased that the new CEO comes from within the company, and brings a solid track record and deep knowledge of the portfolio. Mr Ulrich has been a key force in shaping and implementing ABB’s strategy, and the integration of Baldor stands out as a benchmark for successful large acquisitions.”

Meanwhile, ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.

Source - Strategic Research Institute

voda 24 juni 2013 16:27

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ABB wins USD 100 million oil and gas order in Algeria

ABB, the leading power and automation technology group, has been awarded the engineering, procurement and construction contract for a new liquefied petroleum gas pumping station in the Hassi Messaoud District to increase the capacity of LR1 pipeline in Algeria. The contract was awarded by Sonatrach, Algeria’s oil and gas company and is valued at USD 100 million. The order was booked in the fourth quarter of 2012.

The new pumping station is part of an expansion project to add a second LPG pipeline between Haoud El Hamra and Hassi R’Mel in order to boost pipeline transportation capacity from 4.5 million tonne a year to 11 million tonne a year. Hassi R’Mel is Algeria’s largest gas field and the hub of the country’s natural gas transport network. From Hassi R’Mel the gas is transported by pipeline to terminals on the Mediterranean coast for export to Europe or for processing into liquefied natural gas.

ABB is responsible for design, engineering, procurement, commissioning and start up. Construction and installation will be performed by, Sarpi, a 50% JV company owned by ABB and Sonatrach.

ABB will also supply a complete LPG pumping station including all the electrical, piping and mechanical equipment. The solution encompasses a broad range of ABB power and automation products and systems including switchgear, transformers, motors, variable speed drive systems, instrumentation, distributed control and safety systems, as well as a supervisory control and data acquisition system for the new 400 km pipeline. The plant is scheduled for completion by March 2015.

Mr Enrico Di Maria ABB’s Region and Local Process Automation division Manager said that “This contract confirms ABB’s capabilities to execute EPC projects for the oil and gas industry and underlines once again our strong relationship with Sonatrach in Algeria. This ongoing cooperation indicates that ABB is going in the right direction coupling new technologies with local expertise to make our customers more competitive.”

ABB has a long and successful track record for oil and gas plants in Algeria. Other EPC projects that ABB is currently executing in Algeria include the field infrastructure for the El Merk oil and gas fields, a contract worth USD 650 million and one of the largest EPC contracts in ABB’s history, a gas flaring elimination project at Haoud Berkaoui and the delivery of utilities, storage and export facilities for the central processing plant at Menzel Ledjmet East in the Berkine Basin.

Source - Strategic Research Institute

voda 24 juli 2013 21:26

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ABB strengthens its leading market position in low voltage motors - IHS

According to the latest report from information and analytics provider HIS, ABB, the leading power and automation technology group, strengthens its market leader position in low-voltage motors and continues to grow faster than the market, entitled “The World Market for Low Voltage Motors 2013 Edition.”

IHS said that the market for low-voltage motors will grow to more than USD 23 billion by 2017, driven by regulatory requirements that stipulate higher motor efficiencies. In 2012 the market size was USD 14.6 billion, with more than 48 million units shipped, and ABB's market share rose 1% point to 14%.

Since the acquisition of Baldor in 2011, when it became market leader, ABB has improved its market position by continuous investments in the development of high efficiency motors and improvements in customer service. Over the last 2 years ABB increased its sales of low-voltage motors by more than 26%.

Mr Ulrich Spiesshofer head of ABB’s Discrete Automation and Motion division said that “The strengthening of our market position reflects the successful integration of Baldor in our total offering. We are now realizing the synergies that were created by this deal.”

Recently, ABB introduced so-called synchronous reluctance motors that can achieve IE4 levels of efficiency without the use of permanent magnets. Compared with an IE2 motor, the energy losses are reduced by up to 40%.

Mr Robert Larsson manager of ABB’s business unit Motors and Generators said that “ABB has a strong value proposition and I am happy to see that so many customers appreciate that. These recent findings by IHS motivate us to press ahead with reducing cost of ownership through customer service and innovation.”

Source - Strategic Research Institute

voda 26 juli 2013 16:23

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ABB wins USD 21 million power order from EPM in Columbia

ABB, the leading power and automation technology group, has won an order worth around USD 21 million from EPM, a public electricity, gas and water utility, for the construction of a new gas insulated switchgear transmission substation that will help boost capacity and power supply to support the expansion of a crude oil refinery in Santander, northern Columbia.

The order was booked in the Q2.

The turnkey project is scheduled for completion by 2015, and will include delivery of key products such as high voltage GIS, auxiliary systems and cables.

ABB will also supply the automation, control, protection and communication systems, conforming to international IEC 61850 standards. This will enable local and remote monitoring and control of the power assets. The substation will also be equipped with 2 capacitor banks, to reduce electricity losses and enhance the stability and quality of power supply by improving the network's power factor, which is an indicator of the usable power available in the grid.

Mr Oleg Aleinikov, head of ABB’s Substations business, a part of the company’s Power Systems division, said that “The new substation will enhance transmission capacity and boost electricity supply while ensuring reliability and quality of power to the critical processes of the refinery. The GIS technology being deployed has an extremely compact footprint and is ideal for challenging conditions and applications such as these where reliability and safety is paramount.”

Colombia is well endowed with minerals and energy resources with the largest coal reserves in Latin America and significant nickel, gold, silver, platinum, and emerald deposits. It is second only to Brazil in terms of hydropower potential.

The country has a capacity of approximately 2 billion barrels of proven crude oil reserves, with several new exploration blocks being added. Much of Colombia's crude oil production occurs in the Andes foothills, the eastern Amazonian region and Meta department, in central Colombia with its Llanos basin where the largest producing oil field in the country, Rubiales is located.

Source - Strategic Research Institute

voda 30 juli 2013 16:50

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ABB completes acquisition of Power-One

ABB, the leading power and automation technology group, and Power One, Inc, a leading provider of renewable energy and of energy efficient power conversion and power management solutions, confirmed that ABB has completed its previously announced acquisition of Power-One.

The transaction positions ABB as a leading global supplier of solar inverters, which play a critical role in converting the sun’s energy into electric current and controlling its flow into the power system.

Power-One has one of the market’s most comprehensive offerings of solar inverters, ranging from residential to utility applications, and a broad global manufacturing footprint. It also has a power solutions portfolio that is adjacent to ABB’s business. Power-One employs almost 3,500 people, mainly in China, Italy, the United States and Slovakia.

Mr Joe Hogan CEO of ABB said that “The acquisition of Power-One expands our renewables businesses and provides substantial opportunities to create value for our customers, employees and shareholders. The combination of Power-One and ABB is fully in line with our 2015 strategy and creates a global player with the scale to compete successfully. We are pleased to welcome the Power-One employees on board.”

Mr Richard J Thompson CEO of Power-One said that “We are happy to join the ABB family and look forward to a bright common future. Together we can better address the growing worldwide demand for innovative, renewable energy solutions and strengthen our global leadership. ABB is the right partner and now is the ideal time for our companies to join forces.”

ABB’s leading portfolio in power and automation, global footprint and service organization make it a natural player in solar PV. ABB has brought its solutions to the solar PV industry for many years. Solar inverters are one of the fastest-developing technologies in power electronics, requiring substantial research and development resources. In 2012, ABB invested about USD 1.5 billion in R&D overall.

Mr Ulrich Spiesshofer head of ABB’s Discrete Automation and Motion division said that “The combination of these two successful companies will create significant value driven growth based on global reach, high quality and technology leadership. We are looking forward to a successful collaboration.”

Source - Strategic Research Institute

voda 1 augustus 2013 16:50

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ABB acquires ring motor business from Alstom

ABB, the leading power and automation technology group, announced that the acquisition of Alstom’s ring motor business to enhance its gearless mill drive system business. The parties agreed not to disclose financial details of the transaction.

The business, based in Bilbao, Spain, has about 120 employees and will become part of ABB’s Process Automation division.

Gearless mill drive systems are used in the mining industry for processing large quantities of ore to extract metals such as copper, gold, platinum, iron and molybdenum.

The market for GMD systems is expected to grow due to rising demand for minerals in emerging countries undergoing industrialization.

Deeper mines with more complex ore bodies and lower ore grades require the grinding of increased amounts of material to yield the same volumes of metal. GMD systems are designed to address the need for extremely high ore throughput, reliability and availability of the grinding circuit.

Mr Veli-Matti Reinikkala head of ABB’s Process Automation division said that “The acquisition will combine the leading ring motor product from Alstom with ABB’s electrical offering for GMD systems, enabling ABB to enhance its position as a strong vertically-integrated systems provider. The acquired expertise and market strength will provide new opportunities for growth.”

The ring motor product and ABB’s current electrical offering for GMD systems can only work in combination and are therefore fully complementary. The know-how, experience and technology that this acquisition brings will enable ABB to increase manufacturing capabilities and strengthen the ring motor business.

In the long term, end users will enjoy the benefits of ABB’s enhanced product quality control and system performance.

Source -Strategic Research Institute

voda 7 augustus 2013 16:33

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ABB acquires Newron System SA to expand its market

ABB, the leading power and automation technology group, has acquired French software company Newron System SA to expand its market reach and offering for channel partners in automation solutions for buildings.

The parties agreed not to disclose the terms of the transaction.

Toulouse based Newron System, whose annual sales are less than USD 10 million, develops software for building-automation solutions and sells it via high end distributors and installers. The software enables devices, such as blind controls and lights, to communicate with each other and to be managed centrally.

The acquisition supports ABB’s strategy in the growing automation market for buildings, which is to expand its market reach and offering for channel partners. Newron System’s software complements ABB’s product range by adding flexible automation solutions to the offering. The company will be integrated into ABB’s Low Voltage Products division.

Mr Hans-Georg Krabbe head of the Wiring Accessories business unit in the LP division said that “Newron System’s premium building automation software solutions will gain worldwide reach through ABB’s broad sales network. We are buying state of art software and know-how. Newron System will enlarge our offering to our wholesaler and system-integrator partners for automation solutions in buildings.”

Source - Strategic Research Institute

voda 8 augustus 2013 16:38

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ABB wins USD 38 million power orders to boost electricity supply in southern India

ABB, the leading power and automation technology group, has won orders worth around USD 38 million for a new 1,320 MW coal fired power plant, which is under construction in the southern Indian state of Andhra Pradesh.

The orders were placed by NCC Limited, the engineering, procurement and construction contractor for the plant and a leading Indian construction and infrastructure company and were booked in the Q2.

ABB is responsible for the design, engineering, installation and commissioning of the electrical balance of plant as well as a 400 kV gas insulated switchgear substation, scheduled for completion in 2014.

However, India has an installed power generation capacity of over 210,000 MW, of which approximately 57% is based on coal.

According to estimates of the International Energy Agency, national energy demand is projected to more than double over the next 25 years. Oil and coal are expected to maintain their shares in the primary energy mix and India is expected to displace the United States as the world’s second largest coal consumer by 2025. Over 60% of the rise in energy demand comes from the power sector, reflecting the enormous demand for electricity in India.

Mr Brice Koch head of ABB’s Power Systems division said that “ABB has a long standing presence and a well-established track record in India and we are pleased to contribute further to the development of the country’s power infrastructure. Our extensive local manufacturing footprint and resource capability enable us to bring best-in-class technologies to our customers and to serve the electricity needs of this growing economy and its vibrant population.”

Source - Strategic Research Institute

AEX 887,44 +8,73 +0,99% 03 mei


Germany40^	18.017,10	+0,67%
BEL 20	3.913,37	+0,52%
Europe50^	4.930,44	+0,18%
US30^	38.691,83	0,00%
Nasd100^	17.893,96	0,00%
US500^	5.127,53	0,00%
Japan225^	38.326,05	0,00%
Gold spot	2.301,75	0,00%
EUR/USD	1,0762	+0,34%
WTI	78,11	0,00%

VIVORYON THER...	+7,18%
Flow Traders	+4,87%
BESI	+4,11%
Brunel	+3,91%
UMG	+3,62%

HEIJMANS KON	-5,17%
Aperam	-4,56%
AMG Critical ...	-3,16%
Kendrion	-2,75%
CM.COM	-2,24%

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