ABB/North Korea Pact Sees Cooperation, Upgrades

Jan. 13, 2005
By John S. McClenahen Just as it did quietly more than a decade ago in eastern and central Europe, the Zurich-based ABB Group has signed a long-term cooperation agreement with North Korea. The pact envisions the opening of an ABB representative office ...
ByJohn S. McClenahen Just as it did quietly more than a decade ago in eastern and central Europe, the Zurich-based ABB Group has signed a long-term cooperation agreement with North Korea. The pact envisions the opening of an ABB representative office in the North Korean capital, Pyongyang, next year. ABB, says president and CEO Göran Lindahl, will seek investment and technical cooperation opportunities aimed at upgrading North Korea's electricity and basic industrial infrastructure. ABB foresees reviewing investment possibilities with North Korean enterprises and then assuming management control and transferring technology and management expertise to improve the manufacturing of such electrical products transformers, circuit breakers, and cable.

Popular Sponsored Recommendations

How to Build a Predictive Maintenance Program: Lessons Learned from LSB Industries’ Success

Dec. 21, 2023
Register today and join this webinar to gain insight on best practices for setting up a predictive maintenance program from industry experts.

From Data to Action: Enabling the Connected Enterprise with a Digital Thread

Feb. 8, 2024
Manufacturers are transforming the enterprise with cloud technologies and IoT

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Capitalize on Energy Flexibility with These Four Strategies

Feb. 4, 2024
Energy flexibility – the ability to temporarily reduce or shift energy use – can unlock revenue, lower energy costs, and more. Learn how to capitalize on energy flexibility with...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!