ABB gains new Iranian orders

ABB gains new Iranian orders
Published: 11 May 2004

The Swiss unit of Swiss-Swedish electrical engineering company ABB received two orders for SFr33m ($25.34m) in Iran, ABB Schweiz said on May 10, 2004.  ABB Schweiz will supply the electric equipment and automation for a new production line of Teheran Cement Company. The said production line will become operational in 2005. The order is worth US$9.98m.  The second order, which is worth US$15.36m, includes the delivery of automation and electrification for an iron ore plant, which will become operational in 2007.  Both orders will be carried out by ABB’s unit, Minerals & Paper, in Daettwil, northern Switzerland.