ABB expands its oil and gas business in Canada

Zurich, Switzerland, August 27, 1996 - ABB, the international electrical engineering company, today announced its acquisition of two Canadian oil and gas companies - Rector Canada Inc. and Walker Steel, a division of Emco Ltd. Both companies are based in Calgary, Alberta, with subsidiary operations in Edmonton, Alberta. Together they employ a total of 120 employees with annual revenues of more than US$ 20 million.

Canada's proven oil and gas reserves are among the top ten in the world. The Canadian market for oil, gas and petrochemical equipment and services is forecast to increase in importance and activity in the coming years. Developments such as the Hibernia project in eastern Canada and future operations in the Northwest Territories, the Beaufort Sea and offshore in western Canada offer a promising future for the country's oil and gas industry. These new acquisitions will equip ABB with additional service, manufacturing and after-sales capabilities to better serve ABB's Canadian customers in this expanding market.

ABB's oil, gas and petrochemical business activities employ approximately 8,000 people with orders in 1995 of nearly US$ 2 billion. The business focuses on the development and up-grading of oil and gas installations, refineries, and petrochemical and chemical installations worldwide. It is part of ABB's Industrial and Building Systems segment, which employs approximately 90,000 people worldwide with orders in 1995 of over US$ 16 billion.

The ABB Group employs approximately 217,000 people with orders in 1995 of over US$ 36 billion. (End).

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    Contact us

    Page information:
    • Mr. John Fox
      ABB Corporate Communications, Zurich
      Tel. +41 1 317 7371
      Fax. +41 1 317 7958
    • Ms. Elsbeth Tronstad
      ABB Oil, Gas & Petrochemicals
      Tel. +47 66 84 39 47
      Fax. +47 66 84 35 49
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