Title: ABB Repositions Power Systems Division to Drive Higher Returns

On December 14, 2012, ABB said that following its strategic review of the Power Systems (PS) division it is repositioning the business to secure higher and more consistent profitability. The review, which was communicated following ABB's Q3 results, was triggered by performance that has been volatile and below management expectations, despite significant investments made during the past three years. These investments have included product development, capacity expansions and acquisitions in software businesses to enhance our product portfolio. The division is shifting its focus to higher-margin products, systems, services and software activities. It is closing low value-added EPC (engineering, procurement and construction) operations in more than 10 countries where project returns do not reflect the execution risks involved. To implement this new strategic focus, the division has made key leadership and organizational changes. It will continue to provide customers with a comprehensive system offering in projects that have a higher ABB content and the appropriate risk return profile.

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Company  Product  Process  Other  Subjects  Event  Event  Date  Location  Publication  Publication  Date Text  Descriptor
  • ABB

  • McIlvaine

  • Power

 

 

 

 

 

  • 1/1/2013

 

  • Article