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ABB is investing a further $ 100 million over the next three years in the Indian market for capacity and range expansion.
The company has just completed a $ 100 million capital expenditure plan, which was announced during November 2004. The Indian unit will use this additional investment to double its topline in the next three years. Huertus von Grunberg, chairman, ABB Group said, "India is among the fastest growing economies in the world today and a key focus area for ABB.
Meanwhile, capacity and range expansion is underway across business and locations. ABB will double its production capacity for high voltage breakers, instrument transformers and high tension machines and expand the capacity of large power transformers to 17,000MVA
ABB will also manufacture 765 kV equipment in India, to upport the countrys power infrastructure needs.
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| Posted : 2/27/2008 |
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