ABB signs strategic cooperation agreement with Chinese ship yard
ABB says it has signed a formal agreement with Wuchang Ship Building Group to deepen cooperation with an emphasis on developing greener ships and digital solutions. By utilizing ABB’s power and propulsion expertise along with its focus on maritime software, the partnership will help Wuchang Ship Building Group manufacture highly efficient and technologically advanced vessels.
“Chinese shipyards are diversifying their portfolios and ABB’s long history of working in the icebreaking and cruise sectors is particularly relevant to China’s ship builders,” said Alf Kare Adnanes, head of ABB’s Marine and Ports business in China. “We are excited about the benefits this agreement will bring to both ABB and Wuchang Ship Building Group”
Wuchang Ship Building Group is one of the most important shipyards in China with experience in building research and offshore vessels.
“ABB has been operating successfully in China since the 1970’s and we opened the Azipod propulsion factory in Shanghai in 2011,” said Juha Koskela, Managing Director of ABB’s Marine and Ports business. “This agreement is a result of our commitment to the Chinese market and it will lead to a new generation of greener and smarter vessels being built in China.”
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 135,000 employees.
Wuchang Shipbuilding Industry Group Co.,Ltd (“WSIG”), an affiliate of China Shipbuilding Industry Corporation, is a typical large modernized & integrated enterprise that provides products & services for both the military and the civilians, and develops in many diversified but related fields. It was founded in 1934. Now WS boasts over 11000 employees and covers an area of 6,000,000 square meters.
