ABB to invest $50m to expand power products base in India

ABB (NYSE: ABB) has invested $50m with a view to enabling local production of gas insulated switchgear and distribution transformers in the Indian subcontinent.

The investment is to be provided for manufacturing of high-voltage products and transformers and the expansion is part of ABB’s strategy to locally develop, manufacture and market products that meet the needs of Indian customers.

“This decision supports our in country for country approach and our business philosophy to locate production facilities closer to markets,” said Bernhard Jucker, head of ABB’s Power Products division.

The facilities are expected to be operational by the end of 2012.

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