) recently received an order from Initec (Técnicas Reunidas
Group) to deliver the electric equipment for a new natural gas
processing plant in Gran Chaco, Bolivia. The order is estimated
at $8.2 million and was booked in the fourth quarter 2012.
ABB's e-house is an innovative approach to meet all the
electric equipment requirement of industrial plants, particularly
the oil and gas sector, given its demanding safety requirements.
E-house is a complete integrated system with switchgear, drives,
periphery distribution equipment and automation shipped fully
functional and ready to go.
Under an E-house, the electrical and control equipment for the
industrial plant are placed inside a single pre-fabricated steel
building. Each e-house is built as per the specific needs of the
plant and is tested before installation. The advantages of
e-house are its flexibility to different types of projects,
improved safety and shorter construction times.
ABB needs to manufacture the e-house for Yacimientos
Petrolíferos Fiscales Bolivianos. The company produces about 27.7
million standard cubic meters of natural gas daily. Initec - a
Tecnicas Reunidas Group company - has been appointed by
Yacimientos Petrolíferos Fiscales Bolivianos for the construction
of its plant, given its expertise in the construction of such
large turnkey projects.
Recently, ABB was selected as the main electrical contractor
for a new semi-submersible central processing facility at the
Ichthys oil and gas field. The scope of the contract primarily
includes providing a comprehensive electrical solution for the
entire central processing facility.
Based in Zurich, Switzerland, ABB Ltd. is a power and
automation technology company and currently has a Zacks Rank #3
(Hold). Some other players in the same industry, which can be
considered buying at the moment are
Chicago Bridge & Iron
), which have a Zacks Rank #2 (Buy). Another peer,
Orion Marine Group
) is good pick and has a Zacks Rank #3 (Hold) stock, given the
company's performance and the number of new orders.
ABB LTD-ADR (ABB): Free Stock Analysis Report
CHICAGO BRIDGE (CBI): Free Stock Analysis
FRANKLIN ELEC (FELE): Free Stock Analysis
ORION MARINE GP (ORN): Free Stock Analysis
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