ZURICH--ABB Ltd (ABBN.VX) Wednesday said it will will invest
around $30 million in a new plant in Poland making components for
power and distribution transformers, with the new unit located next
to ABB's existing transformer facilities in Lodz.
MAIN FACTS:
- The 10,000 sqm factory will be completed by mid 2013 and will
employ about 140 people including machine operators and logistics,
purchasing, quality and engineering support personnel.
- "The new component manufacturing plant will act as a feeder
factory for our transformer units in the region," said Bernhard
Jucker, head of ABB`s Power Products division. "This investment
reinforces ABB's continued commitment to Europe and underlines our
strong position in the market".
- The new factory will manufacture transformer components to
support ABB`s existing transformer manufacturing facilities in
Lodz.
- These units manufacture power transformers rated up to 300 MVA
(megavolt ampere) with voltages up to 500 kV (kilovolts) and
oil-filled distribution transformers rated from 30 to 2,300 kVA
(kilovolt amperes). Both factories serve the European market, and
the power transformer operation also serves other regions.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com