ABB to add new US manufacturing facility to support grid hardening and resiliency

Rhea-AI Summary

ABB announced a $40 million investment to establish a new manufacturing facility in Albuquerque, New Mexico, aimed at supporting the U.S. Utility sector. This 90,000-square-foot facility will create 55 jobs and enhance production of high-demand Elastimold® cable accessory solutions, crucial for grid resilience and safety. Set to be completed in 2024, it will utilize ABB Robotics technology to produce over 1 million additional units annually, primarily for U.S. customers. This investment strengthens ABB's commitment to the U.S. market, contributing to infrastructure improvements and increasing the company’s manufacturing capacity.

Positive

• Investment of $40 million to create a new facility, enhancing ABB's presence in the U.S. market.
• Creation of 55 new jobs in New Mexico.
• Expected production of over 1 million additional units annually, supporting U.S. utility providers.
• Alignment with U.S. infrastructure and electric grid strengthening initiatives.

Negative

• None.

Atlanta, GA, March 30, 2023 (GLOBE NEWSWIRE) --

• Investment of $40 million will create new Albuquerque facility to support the US Utility sector in strengthening the electric grid
• Operations creates 55 new jobs in New Mexico
• Increases production of high-demand Elastimold® cable accessory solutions used to improve reliability and safety for American consumers and businesses

 

ABB is reinforcing its commitment to the US market and Utility industry with the addition of a new manufacturing facility in Albuquerque, New Mexico, for its Installation Products Division, formerly Thomas & Betts. Planning and construction of the new 90,000-square-foot facility is underway and represents an investment of $40 million. The greenfield facility will create 55 new jobs in the area and produce cable products used by electric utility providers in grid hardening and resiliency initiatives.

With over 75,000 miles of underground cabling estimated to be in place by 2040 across the US, ABB’s new facility will meet increased demand for its leading Elastimold® solutions essential to wildfire mitigation, as well as underground and grid hardening projects that power homes, businesses and communities in a safe and reliable way. When completed in 2024, the Albuquerque facility will include ABB Robotics technology and digital automation to produce more than 1 million additional units annually – the vast majority will be supplied to US customers.

“As the focus on strengthening the US infrastructure and electric grid intensifies, ABB’s latest investment in Albuquerque will advance our production capabilities and significantly boost capacity to meet the needs of utilities for safe, reliable and innovative solutions that are easier to install and maintain,” said Matthias Heilmann, President of ABB Electrification’s Installation Products division. “Continuing to grow our US manufacturing operations and distribution network accelerates our ability to deliver high-demand electrical products our partners rely on to manage today’s needs and prepare for tomorrow’s energy demands.”

The new manufacturing facility will be located on ABB’s 40-acre site in Albuquerque, in addition to its existing Installation Products manufacturing facility, which opened in 1973. That adjacent plant already employs nearly 450 production, engineering and quality specialists who develop, test, and make a wide range of custom and standard utility solutions. This newest investment will make ABB one of the top ten manufacturing employers in New Mexico and adds to over $100 million in Installation Products expansions and improvements made in the US over the past few years to increase capacity and drive innovation. It also builds on the $14 billion ABB has already invested in the US since 2010.

 

Part of ABB’s Electrification business area, the Installation Products Division is a global leader in the design, manufacture and marketing of products used to manage the connection, protection and distribution of electrical power in industrial, construction and utility applications. With more than 200,000 products across more than 38 premium brand names, ABB Installation Products solutions can be found wherever electricity is used.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation.  www.abb.com

Attachment

• ABB ELIP Albuquerque facility rendering

FAQ

What is ABB's new investment in Albuquerque about?

ABB is investing $40 million to establish a new manufacturing facility in Albuquerque to enhance production for the U.S. Utility sector.

How many jobs will ABB create with the new facility?

The new facility will create 55 jobs in New Mexico.

What products will the new ABB facility produce?

The facility will produce Elastimold® cable accessory solutions crucial for grid hardening and utility reliability.

When will the new ABB manufacturing facility be completed?

The Albuquerque facility is expected to be completed in 2024.

What significance does ABB's investment have for the U.S. market?

This investment reinforces ABB's commitment to the U.S. market and supports the strengthening of the electric grid.