ABB Meets Growth Of Texas Units With A New Houston Facility.NORWALK, Conn.--(BUSINESS WIRE)--Aug. 4, 1998--ABB, the worldwide engineering group, marked the expansion of its Texas operations today with a ground-breaking ceremony at the site where its new Houston office building will be constructed. Recently ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s announced plans to centralize its Houston-based organizations into a single building at the beginning of the year 2000. A lease has already been signed with the developer and landlord, The Simmons, Vedder Company, Austin, Texas. The site selection was competitively bid among several locations. "After outstanding assistance from the Greater Houston Houston–Sugar Land–Baytown is a 10-county metropolitan area defined by the Office of Management and Budget. It is located along the Gulf Coast region in the U.S. state of Texas. Partnership, the City of Houston, Harris County Harris County is the name of several counties in the United States:
Construction is scheduled to start in early August 1998, with building completion expected in the fourth quarter of 1999. The new building will have nine floors with a total area of 470,000 square feet. A five-level parking garage equipped with elevators is planned for the west side of the building, and a full service cafeteria will be located on the ground floor of the building. The building will house nine ABB divisions: ABB Lummus Global, ABB Randall, ABB Vetco Gray, ABB Industrial Systems, ABB Simcon, ABB Power T&D, ABB Instrumentation, ABB August and ABB Stal. ABB has had a presence in Houston since 1951. ABB, with U.S. headquarters at ABB Inc. in Norwalk, Conn., serves customers in power generation, power transmission and distribution, industrial and building systems, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , and transportation. The company and its affiliates had U.S. orders of $6.5 billion in 1997 and employed 22,000 people as of the year end of manufacturing and other facilities in 41 states (http://www.abb.com/usa). Worldwide, the ABB Group had orders of $35 billion in 1997 and employed 219,000 people as of year end. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , ADRs for shares in ABB Group's parent companies, ABB AB and ABB AG, are traded, respectively, on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on exchange (ABBBY) and in the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market (ABBGY).
CONTACT: ABB, Norwalk
Ronald C.Kurtz, 203/750-2407
e-mail: ronald.c.kurtz@usabb.mail.abb.com
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