• Tue, Jun. 14, 10:13 AM
    • ABB (ABB -0.6%) has successfully commissioned five substations to integrate a 648 MW solar project at Kamuthi in the southern Indian state of Tamil Nadu to the national transmission grid.
    • The solar photovoltaic project - made up of five plants in a single location - is the largest of its kind in the world.
    | Tue, Jun. 14, 10:13 AM
  • Mon, Jun. 13, 7:53 AM
    • ABB has poached a Siemens executive (OTCPK:SIEGY) as it shakes up its automation unit, where profit margins have shrunk amid sluggish demand for the unit's motors, drives and factory robots.
    • The company named Sami Atiya as head of the Discrete Automation and Motion Division and relegated its former boss, Pekka Tiitinen, to head of the country's Finland operations.
    | Mon, Jun. 13, 7:53 AM
  • Tue, May 10, 9:46 AM
    • ABB (ABB +0.5%) has purchased SVIA, a leading provider in the fast-growing market of robot automation cells for machine tending.
    • These solutions, together with ABB’s position in the Internet of Things, will provide a unique set of value propositions to industrial customers worldwide.
    • The parties did not to disclose the value of the transaction.
    | Tue, May 10, 9:46 AM
  • Wed, May 4, 10:35 AM
    • ABB (ABB -0.7%) will deploy 40 special transformers to equip wind turbines for an offshore wind farm in the Irish Sea.
    • The MHI Vestas Offshore Wind turbines' 262 ft rotor blades sweep through an area equivalent of three soccer fields and can produce up to eight megawatts of power, making them the most powerful wind turbines in the world.
    | Wed, May 4, 10:35 AM | 1 Comment
  • Wed, Apr. 20, 6:10 AM
    • ABB (NYSE:ABB): Q1 EPS of $0.28 beats by $0.06.
    • Revenue of $7.9B (-7.7% Y/Y) misses by $170M.
    • Shares +3.31% PM.
    • Press Release
    | Wed, Apr. 20, 6:10 AM
  • Wed, Apr. 20, 4:42 AM
    • SAP's net profit jumped 38% to €572M, indicating that its focus on the cloud is beginning to pay off.
    • ARM Holdings' (NASDAQ:ARMH) pre-tax profits rose 14% to £137.5M, as it expanded licensing growth in a solid first quarter.
    • Hurt by a strong dollar and drop at its Latin American business, Syngenta (NYSE:SYT) reported its fifth straight quarterly decline in sales.
    • ABB suffered a 7% drop in orders, but the Swiss industrial giant's profit fell less than expected.
    • Cheers! Heineken (OTCQX:HEINY) far exceeded analyst expectations, benefiting from a 23% rise in Asian sales due to the Lunar New Year.
    | Wed, Apr. 20, 4:42 AM | 1 Comment
  • Tue, Apr. 19, 5:30 PM
    | Tue, Apr. 19, 5:30 PM | 2 Comments
  • Tue, Apr. 19, 9:18 AM
    • ABB is developing a range of products to add sensors that tell users when a motor needs servicing, as the company searches for growth amid a slowdown in its main markets.
    • In September, ABB cut its global economic growth forecasts for the years through 2020, and is trying to halt a decline in orders of less than $15M, which fell 6% Y/Y in the fourth quarter.
    • Now read ABB Underrated, But Has Work To Do
    | Tue, Apr. 19, 9:18 AM
  • Mon, Apr. 18, 9:55 AM
    • ABB (ABB +0.2%) has won orders worth more than $300M to transmit power out of Inner Mongolia via two long-distance transmission lines.
    • The advanced transformer technology will enable UHVDC transmission links to transmit up to 10K MW of electricity, setting a new world record in terms of capacity at the 800 kV voltage level.
    • Now read ABB Underrated, But Has Work To Do
    | Mon, Apr. 18, 9:55 AM | 1 Comment
  • Wed, Apr. 6, 9:59 AM
    | Wed, Apr. 6, 9:59 AM
  • Tue, Apr. 5, 10:37 AM
    • (ABB -1.3%) has won an order worth around $80M from Rentel NV to deliver an advanced cable system that will connect an offshore substation located off the Belgian coastline to the mainland.
    • The approximately 40 kilometer long extruded three-core 220-kilovolt alternating current submarine cable system will have a transmission capacity of around 300 MW.
    • Now read ABB Underrated, But Has Work To Do
    | Tue, Apr. 5, 10:37 AM | 1 Comment
  • Thu, Mar. 31, 8:20 AM
    • ABB has been awarded more than $250M from Denmark's DONG Energy to deliver a 220-kilovolt cable system that will connect the Hornsea Project One, the world's largest capacity offshore wind farm, to the U.K. mainland grid.
    • This is the third project the company will execute for DONG Energy, following the Burbo Bank Extension and Walney Extension links in the Irish Sea.
    | Thu, Mar. 31, 8:20 AM
  • Wed, Mar. 23, 8:42 AM
    • ABB has won a five-year contract to deliver equipment and services for Shell's Prelude FLNG, the world's first floating liquefied natural gas facility (the largest floating facility ever built).
    • The order includes the delivery of motors, generators, variable speed drives and low-voltage switchgear electrical equipment as well as service and support for motors from third-party vendors.
    | Wed, Mar. 23, 8:42 AM | 1 Comment
  • Wed, Mar. 16, 2:44 PM
    • ABB's (ABB +2.8%) second largest shareholder, activist investor Cevian, has hired Boston Consulting Group to analyze a potential breakup of the company, Reuters reports, citing Germany's Manager Magazin.
    • The idea of breaking up ABB has swirled for months amid pressure from Cevian, which has boosted its stake to more than 5% and said the company must speed up efforts to simplify its structure.
    • ABB has opposed a major break-up of its energy and automation businesses but have left open the door for some divestments, according to the report.
    | Wed, Mar. 16, 2:44 PM | 4 Comments
  • Mon, Mar. 14, 8:43 AM
    • ABB has been selected to participate in the FITNESS (Future Intelligent Transmission NEtwork SubStation) program of SP Energy Networks.
    • Through the company's contribution of its grid automation technology to the project, it will enable a digital substation scheme to protect, monitor and control transmission networks in parts of Scotland.
    • A digital substation is a key component enabling a smarter grid (digital communications via fiber optic cables replace traditional copper connections).
    | Mon, Mar. 14, 8:43 AM
  • Thu, Mar. 10, 9:37 AM
    • ABB has received an order worth around $140M from transmission system operators and 50Hertz Transmission to design, supply and install an HVDC converter station in Northern Germany.
    • The HVDC Light "back-to-back" converter station, the first of its kind in Europe, will allow the connection of the asynchronous AC power grids of Eastern Denmark and Germany.
    | Thu, Mar. 10, 9:37 AM
Company Description
ABB Ltd. operates as a power and automation technology company. The company provides solutions for secure, energy-efficient generation, transmission and distribution of electricity, and for increasing productivity in industrial, commercial and utility operations. It operates through five... More
Industry: Industrial Electrical Equipment
Country: Switzerland