Edition:
India

Abb Ltd (ABBN.S)

ABBN.S on Virt-X Level 1

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17 Oct 2019
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Latest Key Developments (Source: Significant Developments)

ABB CFO Says China Outlook Is Mixed, Some Sectors Good, Some Weak
Thursday, 25 Jul 2019 

July 25 (Reuters) - Abb Ltd ::ABB CFO SAYS CHINA OUTLOOK IS MIXED, SOME SECTORS GOOD, SOME WEAK.  Full Article

ABB Expects Automotive Slowdown To Continue This Year
Thursday, 25 Jul 2019 

July 25 (Reuters) - Abb Ltd ::ABB CEO SAYS SEPARATION OF POWER GRIDS BUSINESS ON TRACK, DEMERGER IN INDIA AND CHINA OF BUSINESS GOING WELL.ABB CEO SAYS EXPECTS AUTOMOTIVE SLOWDOWN TO CONTINUE THIS YEAR.ABB CFO SAYS WOULD EXPECT TO HAVE A BOOK GAIN FROM POWER GRID DIVESTITURE.ABB CEO SAYS SEARCH FOR NEW CEO GOING A PLANNED, GOING BETTER THAN PLANNED, FOCUSSED FIRST ON EXTERNAL CANDIDATES.  Full Article

ABB Appoints Nokia’s Maria Varsellona As General Counsel
Wednesday, 19 Jun 2019 

June 19 (Reuters) - ABB ::ABB APPOINTS MARIA VARSELLONA AS GENERAL COUNSEL & COMPANY SECRETARY.VARSELLONA WILL BE APPOINTED GROUP GENERAL COUNSEL AND MEMBER OF EXECUTIVE COMMITTEE, EFFECTIVE NOVEMBER 1, 2019.  Full Article

ABB Wins Dredger Order From Keppel Offshore & Marine
Tuesday, 18 Jun 2019 

June 18 (Reuters) - ABB ::ABB WINS SYSTEM PACKAGE WITH KEPPEL FOR DREDGING CONTRACTOR VAN OORD.  Full Article

ABB Wins South Korea Order For Converter Stations
Thursday, 13 Jun 2019 

June 13 (Reuters) - ABB ::ABB POWER GRID'S BUSINESS AWARDED LARGE ORDER TO BUILD TWO NEW CONVERTER STATIONS IN SOUTH KOREA.ORDER FOR CONVERTER STATIONS WILL INCREASE POWER AND GRID STABILITY ON SOUTH KOREA'S JEJU ISLAND.  Full Article

ABB Wins Power Transmission Order From China'S State Grid
Thursday, 6 Jun 2019 

June 6 (Reuters) - Abb Ltd ::PRESS RELEASE ABB WINS LARGE POWER TRANSMISSION ORDER FROM CHINA’S STATE GRID.ABB HAS WON A LARGE ORDER TO SUPPLY CONVERTER TRANSFORMERS AND HIGH-VOLTAGE EQUIPMENT FOR AN 800 KILOVOLT (KV), ULTRAHIGH-VOLTAGE DIRECT CURRENT (UHVDC) TRANSMISSION LINK, OWNED BY STATE GRID CORPORATION OF CHINA (SGCC), IN CHINA'S SHAANXI AND HUBEI PROVINCES, IN NORTH WEST AND CENTRAL REGIONS OF COUNTRY.ORDERS WERE BOOKED IN THE FIRST AND SECOND QUARTERS OF 2019.  Full Article

Ballard To Work With ABB On Design And Launch Of Fuel Cell-Powered River Push Boat In France
Wednesday, 22 May 2019 

May 21 (Reuters) - Ballard Power Systems Inc ::BALLARD TO WORK WITH ABB ON DESIGN AND LAUNCH OF FUEL CELL-POWERED RIVER PUSH BOAT IN FRANCE.BALLARD POWER SYSTEMS INC - CO, ABB TO DEVELOP, LAUNCH A ZERO-EMISSION RIVER PUSH BOAT, PLANNED FOR DEPLOYMENT IN FRANCE IN 2021 TO PUSH RIVER BARGES.BALLARD POWER SYSTEMS - RIVER PUSH BOAT WILL BE OWNED AND OPERATED BY SOGESTRAN GROUP UNIT COMPAGNIE FLUVIALE DE TRANSPORT ON RHÔNE RIVER IN FRANCE.  Full Article

Westinghouse Names Patrick Fragman As CEO
Thursday, 16 May 2019 

May 16 (Reuters) - Brookfield Business Partners LP ::WESTINGHOUSE ANNOUNCES CHIEF EXECUTIVE OFFICER TRANSITION; APPOINTMENT OF PATRICK FRAGMAN AS CEO.WESTINGHOUSE ELECTRIC COMPANY - JOSÉ EMETERIO GUTIÉRREZ WILL STEP DOWN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER ON JULY 31, 2019.WESTINGHOUSE ELECTRIC COMPANY - PATRICK FRAGMAN, CURRENTLY GROUP SVP AT ABB LIMITED, HAS BEEN APPOINTED AS PRESIDENT AND CEO EFFECTIVE AUGUST 19.  Full Article

ABB Wins Triple Digit Million-Euro North Sea Wind Power Order
Friday, 10 May 2019 

May 10 (Reuters) - Abb Ltd ::ABB WINS MAJOR ORDER TO TRANSMIT WIND POWER FROM NORTH SEA.AWARDED A TRIPLE DIGIT MILLION-EURO ORDER FROM THE AIBEL/KEPPEL FELS CONSORTIUM.ORDERS TO DESIGN AND BUILD THE HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION SYSTEM FOR THE OFFSHORE WIND CONNECTION PROJECT DOLWIN5.ORDER INCLUDES THE CONVERTER PLATFORM IN THE NORTH SEA, AS WELL AS AN ONSHORE CONVERTER STATION LOCATED IN EMDEN, IN THE LOWER SAXONY REGION OF GERMANY.  Full Article

ABB chairman Voser wants to be CEO only on temporary basis
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Abb Ltd ::ABB INTERIM VOSER SAYS NO CHANGE TO PLAN TO GIVE MONEY FROM HITACHI DEAL BACK TO SHAREHOLDERS.ABB INTERIM CEO VOSER SAYS DECISION FOR CEO SPIESSHOFER TO LEAVE WAS ON TUESDAY EVENING.ABB INTERIM CEO VOSER SAYS LOOKING AT EXTERNAL AND INTERNAL CANDIDATES FOR NEW CEO.ABB INTERIM CEO VOSER SAYS TIMETABLE IS DIFFICULT TO SAY WHEN NEW CEO WILL BE IN PLACE.ABB INTERIM CEO VOSER SAYS COMPARED TO THE COMPETITORS WE ARE NOT WHERE WE WANT TO BE.ABB INTERIM CEO VOSER SAYS I WILL BE CEO ONLY ON INTERIM BASIS, HAPPY TO MOVE BACK TO CHAIRMAN ROLE WHEN PERMANENT APPOINTMENT MADE.ABB INTERIM CEO VOSER SAYS TOO EARLY TO SPEAK ABOUT SHORTLIST FOR NEW CEO.  Full Article

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ABB shares jump as new CEO raises turnaround hopes

ZURICH ABB shares jumped more than 4% on Monday as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik to be its next chief executive.