ABB

ABB deals with automation and power technologies. The history of ABB goes back to 1883. Formed in Switzerland during late Nineteenth century, ABB group has a record of leadership in technologies and innovations in many industries.
ABB Group has helped many countries to build and maintain their infrastructures. The company has contributed large-scale solutions, alternative energy, 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. ABB aims to be the top engineering company globally by 2009. Leadership in power and automation technologies is the basic goal.

Areas 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 $22,276 million
– Revenues worth $22,442 million earned in 2004
– The Net Income(Loss) of the company is $735 million
– Operates in around 100 countries
– Employs around 107,000 people

Organizational Structure:

– Board of Directors
– Executive Committee
– Group Functions
– Division Managers
– Corporate Governance

International Ranking:

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

In 2000, ABB entered a 50–50 merger with ALSTOM. Two years later, ABB merged with Elsag Bailey. ABB sold part of its oil, gas, and petrochemicals division in 2004.

The mailing 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