Business Services Industry
ABB wins USD28m turnkey power contract in Turkey
Nordic Business Report, July 11, 2008
NORDIC BUSINESS REPORT-11 July 2008-ABB wins USD28m turnkey power contract in Turkey(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Swiss-Swedish power and automation technology group ABB (OMX Stockholm: ABB) (NYSE: ABB) (SWX: ABBN) said on Friday (11 July) that it has won a USD28m power supply equipment contract in Turkey.
The contract, placed by MMK-ATAKAS for a large new steel plant, covers a turnkey delivery of the plant's power supply, and includes transformers, switchgear, and SCADA and communications system.
MMK-ATAKAS is a joint partnership of the Turkish company Atakas Metallurgy and Port Management Inc and Russia's Magnitogorsk Iron and Steel Works (MMK).
ABB, headquartered in Zurich, Switzerland, is one of the world's largest engineering companies with 110,000 employees in some 100 countries. The group reported revenue of USD29.2bn in 2007.
One British pound (GBP) is worth approximately 1.98 US dollars (USD).
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