Leading power and automation technologies group,
) recently strengthened its footprint in China with a joint
venture agreement with Jiangsu Jingke Smart Electric Company for
design, manufacture and servicing of high voltage instrument
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Per the agreement, ABB will be manufacturing transformers like
oil and SF6 stand-alone current and voltage transformers,
ring-core current transformers, GIS voltage transformers and
optical transformers, with voltages ranging from 72.5kV to 750kV.
The instrument transformers will measure current and voltages,
which in turn will assist in controlling and protecting the power
The JV is aimed at meeting the growing demand for high-voltage
instrument transformers in China. The recent agreement is in line
with ABB's business philosophy of "in country for country",
wherein, it builds plants at sites which are closer to end
customers in order to strengthen its business relationship. ABB
has diversified high voltage products manufacturing facilities in
China for the production of circuit breaker and switchgear
modules, gas-insulated switchgear, capacitors, disconnectors,
apparatus and devices. ABB presently has six manufacturing
locations in China.
Based in Zurich, Switzerland, ABB offers a wide range of
high-voltage products like generator circuit breakers, air, gas
and hybrid switchgear, instrument transformers, disconnectors and
power capacitors which are capable of withstanding harsh
conditions ranging from (-ve ) 60 degrees Celsius (°C ) to (+ve)
ABB presently carries a Zacks Rank #3(Hold). Some other stocks
worth a look in the industrial electrical equipment industry are
AO Smith Corp
Chicago Bridge & Iron Company N.V.
Honeywell International Inc.
), each carrying a Zacks Rank #2 (Buy).