ABB unit looking at 'significant potential' for growth in nation

Global automation and electrification leader ABB is doubling down on its commitment to China, forging closer collaborations to accelerate the digital transformation of the nation's energy and industrial sectors, a top executive said.

"Among the sectors ABB Energy Industries, a division of ABB, is supporting in China, such as power, water, chemicals and pharmaceuticals, we see varying levels of momentum," said Anders Maltesen, president of ABB Energy Industries in Asia.

"ABB believes there is still significant potential for growth, especially in areas driven by policy and funding for energy efficiency," he said.