ABB opens Industrial IT and automation center in Singapore

Company targets fast growing Asian automation market

Zurich, Switzerland, November 30, 2000 – Global technology group ABB announced today that it is opening an information technology and automation center in Singapore, part of its strategy to expand its position in a large and fast-growing market for industrial automation technologies.

Jouko Karvinen, an ABB business area manager who will take over as head of ABB’s global automation segment next January 1, said the center will allow ABB to deliver its full range of automation solutions faster to the Asian market. “Staffed with local industry and R&D experts, this center will give us new capabilities to adapt our current technology solutions to the Asian market, to deliver them faster, and to work with our local customers to develop new solutions,” Karvinen said.

The US$ 9-million, 10,000 square meter center is slated for completion in late 2001 and will include an eBusiness support center for Asia, a customer call center, a central logistics center, a research and development hub, and a training facility. ABB made the announcement at a ceremony in Singapore with the country’s Economic Development Board.

The Asian automation market makes up some 20 percent of the global market in areas related to ABB’s businesses, and is currently growing at about double the world average. ABB had automation revenues of approximately US$ 1 billion in Asia in 1999, out of a world total for the segment of some US$ 8 billion.

The ABB Group (www.abb.com) serves customers in power transmission and distribution; automation; oil, gas, and petrochemicals; building technologies; and in financial services. With novel IT applications, tailored software solutions, growing eBusiness and a fast-expanding knowledge and service base, ABB is building links to the new economy. The ABB Group employs about 160,000 people in more than 100 countries. (End)

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    Page information:
    • Thomas Schmidt
      Corporate Communications, Zurich

      Tel: +41 1 317 7354

      Fax: +41 1 317 7958
    • ABB Investor Relations
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