ABB to sup­port in­dus­trial up­grad­ing

China Daily (USA) - - BUSINESS - By ZHONG­NAN in Zurich, Switzer­land

ABB Group, the Swiss power and au­to­ma­tion com­pany, will op­ti­mize its re­sources to sup­port China’s in­dus­trial up­grad­ing and take new op­por­tu­ni­ties from the dig­i­tal sec­tor in the long term, said its top ex­ec­u­tive.

ABB an­nounced ear­lier this month that it will shape the com­pany’s di­vi­sions into four units — elec­tri­fi­ca­tion prod­ucts, robotics and mo­tion, in­dus­trial au­to­ma­tion and power grids — to en­hance its earn­ing abil­ity, as well as re­al­iz­ing its full po­ten­tial in dig­i­tal tech­nolo­gies.

Th­ese di­vi­sions will start op­er­at­ing as en­tre­pre­neur­ial units with­inABBon Jan 1, 2017, re­flected in an en­hance­ment of its per­for­mance and com­pen­sa­tion model fo­cus­ing on in­di­vid­ual ac­count­abil­ity and re­spon­si­bil­ity.

Ul­rich Spiesshofer, ABB’s chief ex­ec­u­tive of­fi­cer, said China has al­ways been a strong and im­por­tant mar­ket for ABB. The com­pany will con­tinue to in­vest in China, es­pe­cially in dig­i­tal­iza­tion, au­to­ma­tion and power sup­ply sec­tors.

“If you look at the op­por­tu­ni­ties in our four di­vi­sions, they are very sig­nif­i­cant. On the elec­tri­fi­ca­tion side, elec­tric ve­hi­cles are com­ing up at high speed,” said Spiesshofer.

“China to­day is the largest robotics mar­ket in the world. And we can truly make a dif­fer­ence there with our strong foothold.”

China has been im­ple­ment­ing a plan ti­tled “Made in China 2025”, aim­ing to strengthen the coun­try’s man­u­fac­tur­ing ca­pac­ity un­der the guid­ance of tech­no­log­i­cal progress, knowl­edge­based trans­for­ma­tion and green devel­op­ment. This will help the Chi­nese econ­omy grow at a faster speed.

ABB opened new ser­vice sta­tions in China this year, as well as newre­search and devel­op­ment ac­tiv­i­ties in the sec­ond half of this year. It also plans to ex­pand its ad­vanced ro­botic tech­nol­ogy ca­pa­bil­ity in the ser­vice in­dus­try.

The Swiss firm em­ploys more than 18,000 in China and op­er­ates 40 lo­cal firms across a sales and ser­vice net­work in 147 cities.

ABB gained or­ders of over $300 mil­lion for world’s first 1,100 ul­tra­high­di­rect cur­rent trans­mis­sion link in China in July.

Eager­toen­han­ceits earn­ing abil­ity, ABB ap­pointed a chief dig­i­tal of­fi­cer in Septem­ber, who will lead the next level of devel­op­ment and de­ploy­ment of ABB’s dig­i­tal so­lu­tions for cus­tomers glob­ally and across all busi­nesses.

Ul­rich Spiesshofer

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