Financial Daily from THE HINDU group of publications
Thursday, Oct 28, 2004
Financial Daily from THE HINDU group of publications Thursday, Oct 28, 2004 |
||
|
|
||
|
Corporate
-
New Projects ABB to set up engg, operations centre in Bangalore Our Bureau
Bangalore , Oct. 27 ABB, the leading power and automation technology group, announced on Wednesday that it would establish a dedicated engineering and operations centre here. The new facility will be managed by the Group's Indian subsidiary and will serve as a vital resource base for ABB units across the world. The centre's main scope of operations will include the development and execution of system and engineering solutions to support automation activities across the ABB Group. "This decision reflects our strategy and growing commitment towards developing a global value chain, where key business activities, resources and expertise are shared across geographic boundaries in order to optimise value for our customers across markets", said Mr Dinesh Paliwal, Head of Automation Technologies Division worldwide and a member of ABB's Group Executive Committee. "This centre will enable us to further leverage the significant intellectual capital, technical skills and competitive cost structure offered by India, for the combined benefit of the ABB Group," he added. The new centre, expected to be established in early 2005, will initially target a phased build up to around 500 man-years of engineering and systems support to other ABB operations, over the next few years. It will focus on activities including project-based engineering services, material cost migration to high-productivity countries, enabling systems for supply chain management and information technology, as well as development projects. A multinational team from ABB's automation business will facilitate exchange of technology between the new centre and other ABB units as well as help foster best practices.
More Stories on : New Projects | Engineering
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|