ABB Ltd
14 February 2000
ABB Corporate Communications, Zurich ABB Investor Relations, Zurich
John Fox Manfred Ebling
Tel: +41 1 317 7371 Tel: +41 1 317 7266
Fax: +41 1 317 7958 Fax: +41 1 311 9817
john.fox@ch.abb.com investor.relations@ch.abb.com
ABB wins US$ 75 million order for automated car assembly lines
Second major order from French carmaker Renault
Zurich, Switzerland, February 14, 2000 - ABB, the global technology company, has
won an order for an automated car assembly system from French carmaker Renault.
The order is valued at US$ 75 million.
Under the terms of the agreement, ABB will provide underbody assembly lines and
the general body assembly workshop, as well as a line control system, at two
Renault plants in France and Spain. The lines will be used to manufacture a new
car to replace Renault's Megane model.
The assembly lines will be operational by the end of 2001 to allow vehicle
production as from March 2002. In 1998, Renault chose ABB to provide similar
technology when it replaced three earlier vehicle models. Because of its modular
design, ABB's automotive assembly line system gives customers greater
flexibility, allowing them to get more productivity from their existing floor
space.
ABB serves customers in power transmission and
distribution; automation; oil, gas, and petrochemicals; building technologies;
and in financial services. Power generation customers are served by the joint
venture ABB ALSTOM POWER. The ABB Group employs about 105,000 people in more
than 100 countries.
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