ABB Named To Top 20 List By Global Finance Magazine.NORWALK Norwalk (nôr`wôk'). 1 City (1990 pop. 94,279), Los Angeles co., S Calif.; settled in the 1850s, inc. 1957. With the arrival (1875) of the Southern Pacific RR, it became a center for the dairy and logging industries, but , Conn.--(BUSINESS WIRE)--October 4, 1999-- 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 has been named one of the world's Top 20 Global Companies by Global Finance magazine. ABB was named as the top company in the infrastructure sector by the New York-based publication. Other companies on the Top 20 list included Coca-Cola, Microsoft, General Electric, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and Nokia. ABB was cited for its growth in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. and China, for its profit development, the acquisition of Elsag Bailey Process Automation, the power generation joint venture with ALSTOM of France, and for simplifying its share structure. -0- ABB, with U.S. headquarters in Norwalk, Conn., serves customers in power transmission and distribution; automation; oil, gas, and petrochemicals; industrial products and contracting; and 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. . Power generation customers are served by ABB's nuclear businesses and the joint venture ABB ALSTOM POWER. ABB had U.S. orders of approximately $6.1 billion in 1998 and employed about 20,000 at manufacturing and other facilities in 41 states. Worldwide, ABB Group reported orders of $31 billion in 1998. The Group employs about 175,000 people in more than 100 countries <http//www.abb.com/>. |
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