Re Contract

ABB Ltd
25 July 2003



ABB wins US$ 123 million petrochemical contracts in China

New orders for petrochemical plant highlight long-term technology partnership

Zurich, Switzerland, July 25 - ABB, the leading power and automation technology
group, said today it has won additional contracts worth US$ 123 million from
Shanghai SECCO Petrochemical Company Ltd. to develop part of its new
petrochemical complex in China.

'The contracts are a further expression of confidence in our technologies, and
demonstrates our long-term commitment to China's petrochemical industry, where
we have been present for more than 30 years,' said Erik Fougner, head of ABB's
Oil, Gas and Petrochemicals division.

ABB will provide the technology license, engineering, and procurement for a
500,000 metric tons per year (MTA) ethylbenzene/styrene monomer unit, and the
engineering and procurement for a 300,000 MTA polystyrene unit.

The units are part of SECCO's new US$ 2.7 billion petrochemical complex in
Caojing, which is due to start operations in 2005.

ABB won another order last year worth US$ 200 million to provide process
technologies, engineering and procurement services for a naptha craker and
olefins conversion unit at the same complex. In addition, ABB will provide the
technology, engineering, and procurement for a butadiene extraction plant.

ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impact. The ABB Group of companies operates in around 100
countries and employs about 135,000 people.


For more information please contact:

                                                                           
Media Relations:                                 Investor Relations:
ABB Corporate Communications,Zurich              Switzerland: Tel. [phone]
Thomas Schmidt                                   Sweden: Tel. [phone]   
Tel:  [phone]                            USA: Tel. + 1 203 750 7743
Fax: [phone]                             [e-mail]  
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