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Strategies & Market Trends : ABB (Asea Brown Boveri) ADR

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From: B.K.Myers	8/24/2007 11:40:27 AM
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ABB wins 56 mln usd China steel mill contract August 23, 2007: 05:25 AM EST ZURICH, Aug. 23, 2007 (Thomson Financial delivered by Newstex) -- ABB (NYSE:ABB) Ltd said it has won a 56 mln usd contract to provide automation equipment and electrical systems for a high-efficiency steel mill to be built by Zhangjiagang GTA Plate in eastern China. ABB's scope of supply covers a broad range of electrical and automation technologies, including process modelling, process controls with human interface, drives and motors, and Manufacturing Execution Systems (MES) to accurately track the processing of steel coils, the Swedish-Swiss engineering firm said. ABB will also provide startup services and training. The new steel mill will have an annual capacity of 3.5 mln tons and is set to begin operations in late 2009, ABB said. money.cnn.com

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