ABB will invest about $200 million to expand production of medium-voltage grid equipment in Europe to meet rising power demand from data centres, electric cars and industry, the Swiss engineering group said on May 11.
The investment will boost production capacity for distribution equipment used by power networks to supply factories, hospitals and large buildings, ABB said.
The three-year programme includes $100 million for a new factory in Dalmine, northern Italy, and another $100 million to expand plants in Bulgaria, Finland, Germany, Norway and Poland.
