ABB has inaugurated a new office in Yangon, Myanmar, which will enable the company to better serve local customers and which acts as a first step towards establishing a service organisation in the country.
“ABB’s technologies are ideally positioned to support Myanmar with its rapid economic growth by enhancing the power grid, raising industrial productivity and providing solutions for important infrastructure and sustainable transport developments. This move is fully in line with ABB’s new ‘next level’ strategy, which is to expand into markets and geographies, where we are currently under-represented,” said Frank Duggan, ABB’s Head of Global Markets.
In addition to the new office, ABB has signed a letter of intent with Yangon Technological University to donate demonstration units for its Power Systems laboratory. ABB will also recruit a number of local engineering graduates for its regional graduate trainee program.
Meanwhile, ABB has officially inaugurated its second factory in Petaling Jaya, Malaysia. The new factory will manufacture ABB’s ACS880 drives, which are used in the pulp and paper, metals, mining, cement and other industries.
“As the world's largest supplier of variable speed drives, the new factory will allow ABB to harness opportunities in one of the most promising growth regions,” said Pekka Tiitinen, head of Discrete Automation and Automation division. “Our investment in this factory reflects the importance of Malaysia as a strategic base for ABB. Its location in the heart of the region, cost effectiveness, business-friendly environment and modern infrastructure provide easy access to exciting new markets.”
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/30092014/abb-increases-presence-in-southeast-asia-576/