ABB’s smart technology leads “China’s Top 100 Electric Companies”

11 ABB local companies listed among China’s Top 100 Electric Companies for 2013; ABB leads in total number of listed companies for the 10th consecutive year

220Liu Qianjin, Head of China Corporate Research Center, ABB Group and Chief Technology Officer of ABB China Limited
Beijing, China, Nov 14, 2013 – ABB, the leading power and automation technology group, was recognized with 11 local companies ranked among the “2013 China Top 100 Electric Companies.” ABB led in terms of the number of companies for the 10th consecutive year, fully demonstrating ABB’s overall smart technology strength in the power industry. At the same time, ABB received three other prestigious awards, “China’s Top 10 Electric Companies by Competitiveness”, “China’s Top 10 Electric Companies by Innovation Capability” and “China’s Top 10 Electric Companies by Growth Potential.” The ranking was recently announced by Electric Age, a leading trade magazine.

Liu Qianjin, Head of China Corporate Research Center, ABB Group and Chief Technology Officer of ABB China Limited, said: “Innovation is ABB’s DNA and a key to maintain ABB’s core competitiveness. In China, ABB local R&D team with more than 2,000 professional people has been dedicated to the local innovation and achieved a great number of results. ABB will continue to develop efficient and intelligent electrical technologies and solutions that help our customers to improve energy efficiency and productivity. ABB will continue to contribute our part to help China realize economic transformation and industrial upgrading.”

The ABB local companies ranked in among China’s Top 100 Electric Companies are: ABB Engineering (Shanghai) Co. Ltd.; ABB Beijing Drive Systems Co., Ltd.; ABB Xiamen Switchgear Co., Ltd.; ABB Xiamen Low Voltage Equipment Co., Ltd.; ABB High Voltage Switchgear Co., Ltd. Beijing; ABB Xinhui Low Voltage Switchgear Co., Ltd.; ABB Zhongshan Transformers Co., Ltd.; ABB Shanghai Motors Co., Ltd.; ABB Hefei Transformers Co., Ltd.; ABB High Voltage Switchgear (Xiamen) Co., Ltd.; and ABB Electrical Machines Ltd., most of which have been selected to receive this honor several times in the past.

ABB’s smart technologies and products are widely used in the energy, power grid, and infrastructure industries. ABB has been helping companies reduce energy consumption and improve efficiency with its continuous technological innovations. ABB drives installed in China have helped customers reduce 1.5 billion tons of carbon dioxide emissions and save about 157.3 billion kWh of electricity, equivalent to the generating capacity of a medium-sized power plant over 25 years of operation. ABB motors have helped domestic customers conserve 24 billion kWh of electricity. In addition, the company also provides HVDC, onshore, and marine intertidal zone wind farm projects with efficient and reliable power products and solutions, helping China build the world’s largest green grid.

China is ABB Group’s second largest market. In 2012, ABB achieved US$5.2 billion in revenue and US$5.3 billion in orders. ABB adheres to an “in China, for China and the world” strategy and invested US$ 120 million in China last year. ABB will continue to improve its local competitiveness by advancing the localization of R&D, production, and sales and services, all while promoting local economic and social development.

China’s Top 100 Electric Companies is an annual award initiated by Electric Age in 2000.

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 150,000 people. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with 19,000 employees, 36 local companies, and an extensive sales and service network across 90 cities.

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