 ABB Group is a Fortune 500 company headquartered in Zurich, Switzerland and listed on the Zurich, Stockholm and New York Stock exchanges. ABB was formed in 1988 by the merger of two international companies with a history of more than 100 years - Sweden's ASEA and Switzerland's BBC Brown Boveri. ABB is a global leader in power and automation technologies, providing customers in the industrial, energy, power, transportation and construction industries with solutions that help them improve productivity and energy efficiency while reducing their environmental impact. The ABB Group operates in more than 100 countries, employs 150,000 people and generated sales of approximately $39 billion in 2012. Sales reached $32 billion in 2016 and $32 billion in 2015-16. It is listed on the Zurich, Stockholm and New York Stock exchanges. In December 2022, ABB Group was ranked 243rd in the Hurun World Top 500 by 2022. ABB invented and manufactured many products and technologies, including the world's first three-phase power transmission system, the world's first self-cooling transformer, high-voltage direct current transmission technology and the first electric industrial robot, and pioneered their commercial application. ABB has a wide range of product lines, including a full range of power transformers and distribution transformers, high, medium and low voltage switchgear products, AC and DC transmission and distribution systems, power automation systems, various measuring equipment and sensors, real-time control and optimization systems, robotics hardware and software and simulation systems, energy-efficient motors and drive systems, power quality, conversion and synchronization systems, and other systems. Fusing and switching equipment to protect the safety of power systems. These products have been widely used in industry, commerce, power and public utilities. ABB Group Chairman Peter Bosel (Chinese name: Fu Sai) recently participated in the "St. Gallen International Economic Forum" said that he is optimistic about China's economic prospects,ABB's electrification, automation and robotics business in the Chinese market has great prospects. Fouse said that ABB's orders in China increased significantly in the first quarter of 2022, and ABB is optimistic about China's economic development prospects. China is making a big push to automate and robotise some industries, Mr Fusse said. "ABB is well placed to participate in China's development". ABB is a technology leader in electrical and automation that enables a more sustainable and efficient future. ABB integrates engineering expertise and software technology into solutions that optimize manufacturing, transportation, energy and operations. With a history of more than 140 years of excellence, ABB's approximately 105,000 employees worldwide are committed to driving innovation and accelerating industrial transformation. ABB has a full range of business activities in China, including research and development, manufacturing, sales and engineering services, with 27 local enterprises and 15,000 employees in more than 130 cities, and online and offline channels covering about 700 cities across the country.
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