11 ABB local enterprises listed among China’s Top 100 Electric Companies for 2009
ABB adheres to local development strategy and ranks No. 1 in terms of number of companies for six consecutive years
Beijing, November 11, 2009 - ABB, the leading power and automation technology group, announced today that 11 of its local businesses have been ranked among China’s Top 100 Electric Companies by Electric Age, the influential trade magazine. ABB has retained the No.1 position in terms of number of companies for the sixth consecutive year. ABB Xiamen Switchgear was named one of China’s Top Ten Electric Industrial Companies in terms of Competitiveness, and ABB Beijing Drive Systems was among the Top Ten Electric Companies in terms of Industrial Innovation. With more than 10 companies on the list each year since 2006, ABB is one of the key drivers in the development of the domestic electric industry.
Isabelle Liu, Vice President of Corporate Communications, ABB North Asia and China said at the forum of China’s Top 100 Electric Companies, “ABB’s achievement would not have been possible without our excellent performance in energy efficiency. We have expended great effort to improve industrial productivity and power reliability, while at the same time remaining committed to local development. We are pleased to see that these efforts have enabled ABB to stay in close contact with our customers. More importantly, we are making real and tangible contributions to the quality of China's industrial infrastructure while supporting the sustainable development of society.”
ABB companies on the list of China’s Top 100 Electric Companies include: ABB Xiamen Switchgear Co., Ltd., ABB Beijing Drive Systems Co., Ltd., ABB Chongqing Transformer Co., Ltd., ABB High Voltage Switchgear Co., Ltd. Beijing, ABB Hefei Transformer Co., Ltd., ABB Engineering (Shanghai) Co., Ltd., ABB Xiamen Low Voltage Equipment Co., Ltd., ABB Zhongshan Transformers Co., Ltd., Shanghai ABB Motors Co., Ltd., ABB Xinhui Low Voltage Switchgear Co., Ltd., and Shanghai Transformer Co., Ltd. All of these enterprises have won the prize several times, with most of them improving their annual ranking.
In 2009 alone, ABB has invested $150 million to expand and develop its facilities in China and its total investment now stands at $1.16 billion. ABB’s annual purchasing in China exceeds $3 billion.
Currently, ABB operates 27 local companies, including over 20 joint ventures. By providing its local partners with its world leading technology and business wisdom, ABB has consolidated its leadership in the domestic industry. Many ABB local companies play leading roles in the power and automation fields. For example, ABB Xiamen Switchgear is the world's largest manufacturer of medium voltage switchgears and vacuum circuit breakers. Additionally, ABB Xiamen Low Voltage Equipment is the group’s largest global producer of low-voltage switchgears and air circuit breakers while ABB Chongqing Transformer is the group's largest producer of transformers.
As a global leader in the power and automation fields, ABB is committed to introducing advanced products and technology to China so as to enhance the strength of local R&D and support the development of "Chinese Design” for the world. ABB has set up corporate research centers in Beijing and Shanghai, important contributors to ABB’s worldwide R&D network. In addition, ABB’s global robotics business headquarters and research center are also located in Shanghai. Currently, over 80% of ABB products sold in China are locally manufactured. Furthermore, ABB products are also regularly exported to Australia, Singapore, India and other overseas markets, promoting the influence of "Chinese Design".
In China, ABB has 15,000 employees, 99% of them local Chinese. This July, ABB was ranked among the top 10 Employers in the Energy, Electric and Chemical Industries by the China University Student Best Employer Survey conducted by leading recruitment portal ChinaHR.com. In 2003, the company was rated among the top 10 “Super Employers – the Best Companies to Work for in China” in a survey co-sponsored by Fortune Magazine and sohu.com. ABB was also ranked as a Top 10 most popular employer by university students in 2005 during a survey conducted by 51.com, another leading recruitment portal.
In addition to economic development, the company is committed to undertaking corporate social responsibility. ABB has supported poor college students to finish their studies for five consecutive years. ABB’s sustained charitable actions have benefited nearly 4,000 college students in more than 30 colleges and universities across the country. The company has also supported the anti-desertification program in Inner Mongolia since 2007 and has carried out a three-year charitable program to support nursing homes in Shanghai, improving the living conditions of the elderly residents.
The list of China’s Top 100 Electric Companies has been annually compiled by Electric Age for the past decade. This year, the program selected the top 100 electric companies according to their 2008 revenue figures as recorded by China’s official statistics organization.
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 120,000 people. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with 15,000 employees, 27 joint ventures and wholly owned companies, and an extensive sales and service network across 60 cities.