CORPORATE GOVERNANCE

ABB Investing US$170M In US Clean Energy And Efficiency Technologies

Technology company ABB is investing US$170 million in the US to meeting the growing demand for electrification and automation. The investments will create skilled jobs in manufacturing and support the clean energy transition.

“The United States is critical to ABB’s success as a market that will continue to grow and benefit from our product portfolio that enables the transition to a more energy-efficient future,” said CEO of ABB, Björn Rosengren. “Currently, 85 per cent of ABB’s sales in the US are from products produced locally, which provides customers with a more secure supply chain and keeps good-paying manufacturing jobs in America.”

The investments and projects include:

  • US$100 million: Drives and Services manufacturing facility in New Berlin, Wisconsin
  • US$3 million: Installation Products Research & Development Lab and Innovation Center in Memphis, Tennessee
  • US$2 million: Packaging and logistics facility in Atlanta, Georgia
  • US$40 million: Facility to manufacture Elastimold in Albuquerque, New Mexico
  • US$20 million: Expansion of North American robotics headquarters and manufacturing facility in Auburn Hills, Michigan
  • US$4 million: Installation Products Division Northeast Distribution Center in Lehigh Valley, Pennsylvania
  • No investment listed: Electric vehicle charger manufacturing facility in Columbia, South Carolina
https://www.energytech.com

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