Industrial giant ABB is reporting a 3 per cent growth in total orders across its operation, but most of it seems to be coming from robotics.
Net income was $525 million – for the second quarter ending July 6. Gross profit, however, was down 5 per cent, and was only $1 billion. Total revenues were up 1 per cent at almost $8.5 billion.
ABB CEO Ulrich Spiesshofer says: “In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions.
“Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.
“Operational performance in the power grids and industrial automation divisions was solid in the quarter. Electrification products and robotics and motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter. Continue reading Robotics and automation news is good for ABB, says CEO
Industrial energy and automation giant wins three key digital orders from major Canadian customers
ABB has officially inaugurated its new $90 million Canadian headquarters and Customer Innovation Center, which will serve 700 employees who were previously spread across six locations in Greater Montreal.
ABB and IBM have formed a strategic collaboration that brings together ABB’s industrial digital offering, ABB Ability, with IBM Watson Internet of Things cognitive capabilities to “unlock new value for customers in utilities, industry, transport and infrastructure”, according to the two supersized tech companies.
Customers will be provided access to ABB’s domain knowledge and portfolio of digital solutions combined with IBM’s expertise in artificial intelligence and machine learning as well as different industry verticals.
EVgo, which claims to operate the US’ largest network of public electric vehicle fast charging stations, has partnered with ABB to launch what the companies claim is the nation’s first high-power fast charging station in Fremont, California, capable of delivering incredibly fast charging speeds.
The High-Power fast charging system, manufactured by ABB, features a maximum charging rate of 150 kW – providing a charge which is three times faster than what is available today.
ABB says customer is Hitachi Powdered Metals USA, and that production at Auburn Hills, Michigan facility “progressing on schedule”
ABB has sold its first robot manufactured in the United States. The IRB 2600 industrial robot is the first to be produced at the ABB Auburn Hills, Michigan facility, and was sold by ABB partner CIM Systems to Hitachi Powdered Metals USA.
ABB and Nova Bus have partnered to meet what they see as the “growing need for electric buses and charging infrastructure in North America”
ABB, an engineering company specializing in automotive energy technologies, and Nova Bus, the North American buses manufacturer and division of Volvo Buses, have entered a business collaboration that consists of the delivery of the first ABB’s electric bus “opportunity charger” in North America.
This collaboration reflects Nova Bus plans to keep investing in climate action by offering charging stations and electrified bus solutions to major cities in the United States and Canada.
Derek Monk, general manager, ABB in Canada, says: “Transportation can be one of the biggest contributors to climate change. Supporting Nova Bus with ABB’s innovative charging solution will help to reduce greenhouse gas emissions.
Recon Technology, which describes itself as an independent oilfield services provider operating primarily in China, has been authorised by ABB to participate in bidding for various projects in the future, including automation system products projects.
Recon says it anticipates cooperating with ABB in the future to provide integrated automation solutions, products and product quality assurance services for various projects beyond oil industry.