ABB rated among "Top 10 Innovative Multinational Companies of 2014"

ABB continues to promote local R&D and innovation in China, fully supporting the country’s innovation-driven strategy and economic transformation under the "new normal"

Beijing, April 20, 2015 - ABB (China) Limited was recently ranked among the "Top 10 Innovative Multinational Companies of 2014" by Global Science. The magazine conducted a comprehensive survey to evaluate the innovation capabilities of companies in China. With this rating, Global Science aimed to acknowledge companies that created outstanding technological developments and lead innovation in China.

In its innovative companies ranking, Global Science recognized ABB's global leadership in the fields of insulation materials, small-piece assembly robots, and hybrid HVDC technology. In 2014, ABB China’s R&D team worked with ABB’s global R&D teams to develop the first 525 kV extruded HVDC cable, as well as the world's first truly collaborative robot, YuMi, an advancement that will make human-robot collaboration a reality. These R&D achievements will have a significant impact on the upgrading of long-distance, renewable energy transportation and the 3C industries (computers, communications, and consumer electronics).

Innovation is ingrained in the DNA of ABB and has been the cornerstone of ABB’s technology leadership. As the leading power and automation company, ABB Group invests approximately US$1.5 billion annually in R&D and employs about 8,500 technical experts in more than 20 countries around the world to ensure that ABB continues to be a global technology leader in nine core areas including mechanics, control, sensors, communication, software, switching, material, power electronics and electromagnetics.

ABB Group established the Corporate Research Center in China in early 2005, as one of the seven global research centers. The center has two major research laboratories in Beijing and Shanghai, focusing on power and automation research in renewable energy on-grid technology, outdoor insulation, small parts assembly and other areas. Currently, ABB employs more than 2,000 R&D experts in China and is committed to helping customers around the world improve their productivity and energy efficiency through innovative technologies, and to supporting China’s economic transformation and innovation-driven strategy under the "New Normal".

Cooperation with universities is one of the ways ABB promotes technology innovation. In recent years, ABB has invested more than RMB 10 million in scientific and technological research, and has collaborated with around 20 domestic universities including the Chinese Academy of Sciences, Tsinghua University, Zhejiang University, and Hong Kong Polytechnic University on multiple projects including the development and application of industrial robots, new energy technologies and industrial nanotechnology. Furthermore, ABB has organized its “University Innovation Contest” in China three years in a row, providing a platform for Chinese students to showcase their creative ideas and research.

In line with China’s "New Normal", ABB actively promotes its local technology R&D to help customers achieve sustainable value creation and support the country through its evolution from "Made in China" to "Created in China". In the past year alone, ABB China’s R&D team launched the all-new IRB 1200 small robot, the Terra 53 Z DC fast charger for electric vehicles, the "i-Home" wireless smart home system, a gas insulated switchgear that uses dry air, new type low-voltage motor and medium-voltage drive.

Global Science, the official Chinese version of the well-known science journal Scientific American, cooperated with McKinsey (China) to establish a selection committee made of experts, industry consultants, Scientific American global advisors, members of the media, and leaders from domestic and overseas technology companies. The committee ultimately determined the “Innovative Companies of 2014” ranking and individual awards based on 13 factors including total R&D investment, research strength, commercialization of technologies, 2014 R&D achievements, innovation processes, and talent training. In 2013, ABB China’s Corporate Research Center was rated among the "Top 10 Most Influential Research and Development Centers" on Global Science’s innovative companies list.

ABB is a Global 500 company and a leader in power and automation technologies that enable utility, industry, and transport and infrastructure customers to improve performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 140,000 people. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with 19,000 employees, 39 local companies, and an extensive sales and service network across 126 cities.

For more information on ABB, please visit http://new.abb.com/cn, Sina Weibo: @ABB China, Official WeChat Account: abb_in_china, Official WeChat QR Code:
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