ABB, The ABB Group, ABB Group

ABB deals with Automation and Power Technologies. The history of ABB goes back to 1883. Formed in Switzerland in late Nineteenth century, ABB group has a record of leadership in technologies and innovations in many industries. ABB Group has helped many countries of the world to build and maintain their infrastructures.

The company has contributed in large-scale solutions, alternative energy and advanced products and technologies that help the IT industry.

As one of the leading Engineering companies of the world, the mission of ABB is to provide customers with the aid to use electric power effectively and to increase industrial productivity in a sustainable way.

The company aims to be recognized as the top engineering company of the world by 2009. Leadership in power and automation technologies is the basic goal for ABB.

Area of Operation

The various businesses of ABB are:

Power Products
Power Systems
Automation Products
Process Automation
Robotics

ABB's automation activities are directed at oil and gas industries. ABB Lumulus Global designs and supplies production facilities to refineries and petrochemical plants.

Statistics

Total Assets of around US $.22, 276 millions.
Revenues worth US $ 22,442 millions earned in 2004.
The Net Income (Loss) of the company is US $ 735 millions.
Operates in around 100 countries.
Employs around 107,000 people.

Organizational Structure

The Group Structure or Organizational Structure of ABB is as follows:

Board of Directors
Executive Committee
Group Functions
Division Managers
Corporate Governance

International Ranking

ABB is ranked 281 in Fortune Global 500 Rankings.
In the Forbes ranking of world's largest companies ABB Group is ranked 321.
ABB has subsidiary units in many places like Dubai and US.

In 2004 ABB sold part of its oil, gas and petrochemicals division. ABB had merged with Elsag Bailey in 2002. In 2000, ABB had entered into a 50-50 merger with ALSTOM.

Headquarter Address:

The mailing and visitors' address for ABB's head office is: ABB Ltd
Affolternstrasse 44
P.O. Box 8131
CH-8050 Zurich
Switzerland
Tel. +41 (0)43 317 7111
Fax +41 (0)43 317 4420 Website URL: www.abb.com