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    ABBN   CH0012221716

ABB LTD

(ABBN)
  Report
Delayed Quote. Delayed Swiss Exchange - 12/07 11:31:24 am
33.56 CHF   +0.96%
10:06aABB LTD : Gets a Buy rating from Goldman Sachs
MD
10:01aABB CEO wants to accelerate acquisitions drive
RE
08:13aABB LTD : UBS maintains a Buy rating
MD
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Italvolt and ABB Announce Partnership Agreement as A Key Step in Delivering Italian Gigafactory

10/12/2021 | 07:50am EST

Italvolt Spa has selected ABB for Front End Engineering and Design (FEED) at its site in Northern Italy. It also announces its partnership agreement with the global technology company, to jointly explore how automation, electrification and digitalization solutions can fast-track production processes for battery manufacturing. More specifically, the technology partnership with ABB will bring Italvolt: Expertise in design and delivery of electrification and automation solutions for power control, distribution and management, optimization of manufacturing processes and long-term energy efficiency; Consultancy on robotics and autonomous operations for transportation and handling of material in the process units of the plant; Exploration of solutions for data gathering, processing, cloud storage and analytics for production planning, quality control, management, operations and reporting. The gigafactory will be located at the famous Olivetti site and is being designed by iconic Italian automotive design house division Pininfarina Architecture. Italvolt is building a Gigafactory with a 45 GWh production capacity for battery cells in Scarmagno, Italy. A key goal is to contribute to the green industrialization by becoming one of the main suppliers of green batteries in Europe and establishing Italy's presence as a preeminent battery manufacturer. This also means playing its part in the circular economy and ultimately the regeneration of natural resources. Italvolt are also concerned with the rejuvenation of a historical power house of industry with ESG aspects at the forefront of its strategy and this includes creating a valley of research and innovation through its 20,000 m2 advanced R&D centre.


© S&P Capital IQ 2021
All news about ABB LTD
10:06aABB LTD : Gets a Buy rating from Goldman Sachs
MD
10:01aABB CEO wants to accelerate acquisitions drive
RE
08:13aABB LTD : UBS maintains a Buy rating
MD
07:53aABB LTD : RBC gives a Neutral rating
MD
07:39aABB LTD : Berenberg remains Neutral
MD
06:06aEUROPEAN MIDDAY BRIEFING - Stocks Rebound Continues as Omicron Fears Ease
DJ
06:01aABB LTD : Bernstein reiterates its Buy rating
MD
05:07aABB LTD : JP Morgan sticks Neutral
MD
04:24aABB Bumps Up Financial Targets on Higher Demand, Business Growth
MT
01:24aABB Boosts Growth Targets But Flags Enduring Supply-Chain Concerns
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More news
Analyst Recommendations on ABB LTD
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Financials (USD)
Sales 2021 28 965 M - -
Net income 2021 4 180 M - -
Net Debt 2021 1 158 M - -
P/E ratio 2021 17,4x
Yield 2021 2,44%
Capitalization 71 510 M 71 466 M -
EV / Sales 2021 2,51x
EV / Sales 2022 2,36x
Nbr of Employees 105 000
Free-Float 84,1%
Chart ABB LTD
Duration : Period :
ABB Ltd Technical Analysis Chart | ABBN | CH0012221716 | MarketScreener
Technical analysis trends ABB LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 35,90 $
Average target price 37,25 $
Spread / Average Target 3,78%
EPS Revisions
Managers and Directors
Björn Klas Otto Rosengren Chief Executive Officer
Timo J. Ihamuotila Chief Financial Officer
Peter R. Voser Chairman
Jacob Wallenberg Vice Chairman
David Edward Constable Independent Non-Executive Director
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