ABB Wins China Mobile Plant Power Contract
February 22 2021 - 4:25AM
Dow Jones News
By Joshua Stein
ABB Ltd. said Monday that it will provide its cloud-based
technology to Chinese telecommunications company Guangdong OPPO
Mobile Telecommunications Corp. to monitor, operate and maintain
the power distribution system at a factory in China.
The Swiss engineering company said its Ability Electrical
Distribution Control System technology will decrease management
costs at the plant by up to 30%, and increase its power continuity
by up to 20%. The technology will also reduce power outages at the
plant, ABB said.
Guangdong OPPO Mobile Telecommunications Corp. expects to
complete the plant by 2024, when it will be able to produce 100
million smart devices every year, ABB said.
ABB didn't disclose the financial terms of the contract.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
February 22, 2021 04:10 ET (09:10 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
ABB (NYSE:ABB)
Historical Stock Chart
From Aug 2024 to Sep 2024
ABB (NYSE:ABB)
Historical Stock Chart
From Sep 2023 to Sep 2024