ABB wins $20-million service contract in U.S.

Full-service contract is second this year with leading wood products maker

Zurich, Switzerland, Aug. 31, 2007 – ABB, the leading power and automation technology group, has been awarded a contract for $20 million by ATC Panels, Inc. to manage service activities at its Moncure facility in North Carolina. The agreement follows a similar $15-million contract awarded in March covering ATC’s site in Pembroke, Ontario.

Under the five-year agreement, ABB will assume several dozen employees and responsibility for all maintenance-related actions and equipment at the plant. ABB will manage the maintenance department to contractually agreed targets for plant performance, while supporting the customer’s goals for productivity and energy efficiency.

ABB full-service agreements improve output and equipment availability with highly advanced maintenance plans, which can reduce maintenance costs by up to 20 percent.

“Our full-service approach allows manufacturers to focus on their central business activities, while we supply proven tools for reducing costs, enhancing reliability and energy efficiency,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division.

ATC Panels, a unit of Aconcagua Holdings, is one of the fastest growing wood panel companies in North America, with five facilities across the U.S. and Canada. The recent contracts complement more than 125 ABB full-service relationships with customers in the process and discrete manufacturing industries around the world.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in about 100 countries and employs around 111,000 people.

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