Prize acknowledges ABB’s active contributions to China’s economic development
Beijing, April 12, 2011 –Beijing municipal government has announced here the annual Great Wall Friendship award for 2010. Claudio Facchin, President of ABB China, was honored with the award.
Claudio Facchin said, "I am greatly honored to receive this award. It shows the recognition by the Beijing government of ABB China’s contributions to the city’s economic development. I greatly appreciate the long history and inclusive culture of Beijing, and have been excited by its fast development. I am confident that our healthy growth will continue."
Claudio Facchin became the president of ABB China in January 2010. Under his leadership, ABB China has enjoyed strong and healthy organic growth, consolidating its leading market position in the ABB Group. ABB China has become a major base for research and development, green manufacturing, and services, as well as a key hub for purchasing and export. ABB’s strategy for China has evolved from “in China for China” to “in China for China and the World.” In 2010, ABB China achieved 10% growth in orders ($4.5 billion), 50% growth in exports, and 37% growth in local purchases. Furthermore, 10 ABB local companies were ranked among “China’s Top 100 Electric Companies” in 2010.
In spite of the impact of the global financial crisis, ABB has retained a steady pace of investment in China with over $500 million during the past 3 years. These investments have gone towards building, refining, and expanding the design and manufacturing facilities for energy efficiency products, as well as introducing and localizing the latest technologies and products to consolidate its business footprint and accelerate the development pace in China.
Since its inception in 1999, the Beijing Great Wall Friendship Award has been the highest ranking award presented by the Beijing Municipal Government, honoring foreign experts for their outstanding contributions to the city’s development. Around 160 foreign experts have received this honor, including 15 this year. Peter Leupp, former President of ABB China and current Executive Vice President of ABB Group, and Tauno Heinola, former President of ABB Beijing Drive Systems, are previous recipients.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 124,000 people. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with 16,300 employees, 30 local companies, and an extensive sales and service network across 80 cities.