ABB rolls out $21 million contracts

ABB today signed two contracts totalling $21 million with Ningbo Baoxin Stainless Steel Company of China to support the development of the world’s largest stainless steel processing lines.

ABB said today that it has signed two contracts totalling $21 million with Ningbo Baoxin Stainless Steel Company of China to support the development of the world’s largest stainless steel processing lines, and help Baoxin to double production.

ABB will provide equipment and systems to help develop the largest hot and cold annealing and pickling lines in the world, as well as rolling mills at the Ningbo plant, near Shanghai.

ABB will supply specialised technologies for rolling, flatness control and metal conditioning, plus process control products, drives and motors.

ABB in Germany and China will co-operate on the projects, which are planned for completion within two years. The work will support Baoxin’s drive to boost its current annual output of 300,000 tons of finished product to 700,000 tons.

ABB has already designed, engineered and commissioned a complete annealing and pickling line for another part of the Ningbo facility, as well as providing other specialised equipment and technologies.

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