ABB builds high-end equipment manufacturing base in Xiamen
(chinadaily.com.cn), Updated: 2018-11-15
An artist's sketch of the new manufacturing base of globally renowned Swiss industrial congolomerate ABB in Xiamen, Fujian province. [Photo/xmnn.cn] |
The new manufacturing base of ABB, the globally renowned Swiss industrial conglomerate, was put into operation in Xiamen, Fujian province on Nov 13, local media reported.
The newly-launched base will focus on developing and manufacturing electrical and grid products.
It is the Fortune 500 company's largest one of its kind, and it is expected to attract more supporting companies and professional personnel to seek development in the city.
With an investment of 2 billion yuan ($290 million), the base covers the company's whole industry chain business, including research and development, manufacturing, engineering, marketing and after-sales service, and also some of its functional departments, such as ABB supply chain management in China.
ABB's largest innovation and manufacturing base in the world was built with the latest environmental protection materials and equipped with environmental protection systems with the aim of constructing a low-carbon industry park of sustainable development.
The Swiss-Swedish multinational corporation established its first joint venture in China in the coastal city as early as 1992 and as of now, the company has set up eight exclusively foreign-funded or jointly-funded enterprises in Xiamen, making the city one of its most important industrial bases worldwide.
Over the past 26 years, ABB has played a major part in many of the city's major construction projects, including the Xiamen Metro, the city's Gaoqi Airport and the Xiamen International Convention and Exhibition Center.
ABB, headquartered in Zurich, Switzerland, operates mainly in the areas of robotics, power, heavy electrical equipment and automation technology, ranking 341st in the Fortune 500 global list of 2018.