Opening of Center inSingapore

ABB Ltd
30 November 2000


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ABB opens Industrial IT and automation center in Singapore

Company targets fast growing Asian automation market

Zurich, Switzerland, November 30, 2000 - Global technology group ABB announced
today that it is opening an information technology and automation center in
Singapore, part of its strategy to expand its position in a large and
fast-growing market for industrial automation technologies. 

Jouko Karvinen, an ABB business area manager who will take over as head of ABB's
global automation segment next January 1, said the center will allow ABB to
deliver its full range of automation solutions faster to the Asian market.
'Staffed with local industry and R&D experts, this center will give us new
capabilities to adapt our current technology solutions to the Asian market, to
deliver them faster, and to work with our local customers to develop new
solutions,' Karvinen said. 

The US$ 9-million, 10,000 square meter center is slated for completion in late
2001 and will include an eBusiness support center for Asia, a customer call
center, a central logistics center, a research and development hub, and a
training facility. ABB made the announcement at a ceremony in Singapore with the
country's Economic Development Board.

The Asian automation market makes up some 20 percent of the global market in
areas related to ABB's businesses, and is currently growing at about double the
world average. ABB had automation revenues of approximately US$ 1 billion in
Asia in 1999, out of a world total for the segment of some US$ 8 billion.

The ABB Group (www.abb.com) serves customers in power transmission and
distribution; automation; oil, gas, and petrochemicals; building technologies;
and in financial services. With novel IT applications, tailored software
solutions, growing eBusiness and a fast-expanding knowledge and service base,
ABB is building links to the new economy. The ABB Group employs about 160,000
people in more than 100 countries.