BUSINESS PROFILE :
Incorporated on 24th December 1949 as Hindustan Electric Company Limited, it was renamed as Hindustan Brown Boveri Limited (HBB) in 1965. Pursuant to the scheme of amalgamation of Asea Limited with HBB with effect from 1st January 1989, the name was once again changed to Asea Brown Boveri Limited (ABB) with effect from 13th October 1989. Asea Brown Boveri Limited, India, is a partly owned subsidiary of Asea Brown Boveri Limited, Zurich, Switzerland (ABBZH). ABBZH and Flakt AB, Sweden, a 100% subsidiary of ABBZH, hold 50.99% of equity shares in the company.
ABB`s principal businesses include power products, power systems, automation products, process automation and robotics. It has 8 manufacturing facilities, 26 marketing offices, 8 service centers and a national network of 400 channel partners. It manufactures a wide range of electrical, mechanical and electronic equipment and executes projects for power generation, transmission and electrification. The company has been in the railway transportation business manufacturing components of electric locomotives. It has the world`s largest installed base of industrial robots.
The company`s total installed capacity of motors and other machines, switchgear, turbochargers, transformers, electronic control and supply units for variable speed drives and other applications and power capacitors of all types stood at 1325000 HP, 2321360 nos, 200 nos, 8000 MVA, 70,000 nos, 3700 MVAR respectively. In India, in addition to ABB, the group also has 4 other subsidiaries ABB-ABL (51%), Universal ABB Power Cables (76%), Birla Kent Taylor (51%) and ABB Alfa Stal (51%)
|
