Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  ABB Ltd    ABBN   CH0012221716

ABB LTD (ABBN)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

ABB : helps Toronto railway cut emissions to zero

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 11:13am CEST

2017-12-07 - ABB to deliver reliable power for new light rail line - the largest transit infrastructure program in Canadian history.

ABB will provide key components for power distribution for the Eglinton Crosstown project, a new light rail transit line (LRT) in Toronto, Canada, to ensure the safe, reliable operation with almost zero emissions. The project is part of an $8.4 billion investment from the Ontario government to expand public transit in the Greater Toronto and Hamilton Area.

The transport of people and goods accounts for roughly one-quarter of the world's energy consumption. Motor vehicles, trains and aircraft that use fossil fuels generate a similar proportion of the world's air pollutants, including greenhouse gases that contribute to global warming as well as carbon monoxide and other hazards to human health.

For an area facing increasing urbanization and population growth, the expansion will triple the length of the rapid transit service, bringing 81 percent of rider's homes within two kilometers of the LRT and decrease greenhouse gas emissions from passenger transportation by 29 percent per person. Launched by Ontario's transportation agency Metrolinx, the project will significantly reduce future emissions for a population expected to reach 9.6 million by 2041.

ABB will deliver a medium-voltage distribution and traction power system, including gas-insulated switchgear (GIS), and substations. ABB's innovative GIS technology reduces the footprint by almost 40 percent and provides a practically maintenance-free solution. Construction on the Eglinton Crosstown line has started and service will begin in 2021.

'Our proven, energy-efficient technology will ensure reliable power to one of the most significant urban transit systems in North America reflecting our commitment to innovation and quality,' said Tarak Mehta, president of ABB's Electrification Products division. 'ABB is dedicated to shaping and accelerating the transformation of mobility.'

ABB will work in partnership with Crosslinx Transit Solutions Constructors (CTSC), a consortium comprised of SNC-Lavalin, ACS-Dragados, EllisDon and Aecon, to deliver the Eglinton Crosstown project.

'We are pleased to have ABB onboard for this project, helping us deliver long-term sustainable transportation and better transit for the Greater Toronto Area,' said Eric Mumm, Transit Systems Director, CTSC.

'Delivering power to a modern, sustainable mass transit system is in line with our vision to power Canada's innovation ecosystem,' says Nathalie Pilon, President of ABB in Canada. 'With a strong history of pioneering technology in this field we are pleased to work with the CTSC on this ground breaking project.'

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 136,000 employees. www.abb.com


ABB Ltd. published this content on 07 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 December 2017 10:11:09 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ABB LTD
07/13ABB : rings NYSE closing bell
PU
07/11ABB Gets $150 Million Contract to Connect Wind Farm to Grid
DJ
07/11ABB : wins $150 million order to grid-connect world’s largest offshore win..
PU
07/11ABB : wins $150 million order for world's biggest offshore wind farm
RE
07/11ABB : wins $150 million order to grid-connect world's largest offshore wind farm
AQ
07/02ABB : completes acquisition of GE Industrial Solutions
AQ
06/28ABB : Egypt’s leading OEM collaborates with ABB
PU
06/27ABB : invests $30 million in new transformer components factory in Sweden
PU
06/27ABB : and Ballard Power Systems to jointly develop zero-emission fuel cell power..
AQ
06/26ABB : adds new EtherNet/IPTM communication interface for UMC100.3 Universal Moto..
PU
More news
News from SeekingAlpha
07/13Yaskawa Electric's Earnings Report Underlines The Uncertainties In Automation 
07/11ABB to connect world's largest offshore wind farm 
07/02Fuel Cells, No Longer Too Early 
07/02ABB completes acquisition of GE Industrial Solutions 
06/29Fanuc Still Strong In Robots And Automation, But Trouble May Lie Ahead 
Financials ($)
Sales 2018 37 193 M
EBIT 2018 4 324 M
Net income 2018 2 606 M
Debt 2018 3 939 M
Yield 2018 3,78%
P/E ratio 2018 17,78
P/E ratio 2019 15,20
EV / Sales 2018 1,37x
EV / Sales 2019 1,25x
Capitalization 46 859 M
Chart ABB LTD
Duration : Period :
ABB Ltd Technical Analysis Chart | ABBN | CH0012221716 | 4-Traders
Technical analysis trends ABB LTD
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 26,4 $
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Ulrich Spiesshofer President & Chief Executive Officer
Peter R. Voser Chairman
Timo J. Ihamuotila Chief Financial Officer
Jacob Wallenberg Vice Chairman
Matti Juhani Alahuhta Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ABB LTD-17.08%46 859
SHANGHAI ELECTRIC GROUP COMPANY LIMITED-5.23%12 134
ALSTOM13.60%10 210
GATES INDUSTRIAL CORP PLC0.00%4 601
ABB INDIA LTD-13.30%3 770
CHINA XD ELECTRIC CO., LTD.-21.28%2 636