ABB to Invest USD 300 Million in Production Expansion in China

by swisscham in Engineering, Manufacturing

ABB announced together with the Xiamen municipal government of Fujian, a southeastern coastal province in China, that it will invest USD 300 million over the next five years in the city to set up a new development and production hub for power products and low voltage products. When complete, ABBÕs existing plants in Xiamen will be relocated to the hubÕs upgraded facilities in the new Torch Hi-Tech Industrial Park where production capacity can be expanded. ÒThis investment is a strong sign of confidence in China and Xiamen,Ó said ABB Group CEO Ulrich Spiesshofer. ÒWe continue to serve our Chinese customers with new technologies and products that were developed and made in China to improve energy efficiency and productivity.ÕÕ

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
October 14, 2021
Published By in Business
October 13, 2021
Published By in Bank / Finance / Insurance
October 7, 2021
Published By in Engineering / Manufacturing
September 28, 2021
Published By in Business
September 18, 2021
Published By Consulate General of Switzerland in Guangzhou in Bilateral Relations