Engineering group ABB wants in on B&R projects

Swiss firm sees strong returns in hooking up with local companies

Swiss engineering group company ABB Group said it wants to get involved in Chinese EPC projects - or engineering, procurement and construction contracts - connected with the Belt and Road Initiative, to secure long-term returns.

EPCs are contracting deals where the project contractor is responsible for all the activities from design, procurement, construction, to commissioning and the handover of the project to the owner or end-use.