ABB Ramps Up Investment In Its Robotics Facility In US

Author: Shivani Kumaresan | March 16, 2023 11:31am

• ABB Ltd (NYSE:ABB) said it is expanding its existing North American robotics headquarters and manufacturing facility in Auburn Hills, Michigan.
• The project is expected to be completed in November 2023 and represents an investment of $20 million.
• The expansion will create 72 highly skilled new jobs in the area and is backed by a $450,000 Michigan Business Development Program performance-based grant.
• Adding to the $14 billion ABB has already invested in the U.S. since 2010, the latest investment in its Robotics headquarters and factory will benefit customers in the Americas, especially in growth sectors including electric vehicles, healthcare, packaging and logistics. 
• "As the global mega trends of labor shortages, uncertainty, the near and reshoring of production, and a desire to operate more sustainably accelerate, more businesses are turning to automation to build resilience while improving efficiency and flexibility," said Sami Atiya, President of ABB Robotics and Discrete Automation.
• The company's footprint in the U.S. is more than 20,000 employees over more than 40 sites nationally.
• Price Action: ABB shares are trading higher by 1.25% at $32.39 on the last check Thursday.
• Photo Via Company

Posted In: ABB