ABB invests US$5mil in Cercado de Lima

In 2006 Asea Brown Boveri (ABB) has stopped production of electric transformers in Peru, and concentrated in electrical engineering and industrial infrastructure services. General director Enrique Rohde pointed out as results of this strategy the turnover rose from US$30mil in 2005 up to US$200mil. According to him, 50% of earnings come from services in Peru. ABB intends to reach turnover of US$300mil as of 2010, via investments of US$5mil in 2009 and 2010 in the modernisation of the unit in Cercado de Lima and the construction of laboratories to improve services.

Publication: SABI - Business News
Provider: South American Business Information
August 29, 2009

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