ABB raises prices for primary switchgear

Zurich, Switzerland, June 1, 2007 - ABB, the leading power and automation technology group, is increasing prices on its primary air-insulated and gas-insulated switchgear rated from 5 through 40.5 kilovolts (kV) by 5 to 10 percent because of rising commodity costs and strong demand.

Steel, copper and aluminum have risen through 2006 and into 2007, impacting the cost of switchgear production. In addition, demand for switchgear is at its highest in years and is expected to continue to remain high. As a result, investments have been accelerated to increase capacity and secure material supply.

The price increase is effective immediately for all new switchgear quotations to most markets.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 109,000 people.

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