ABB, the leading power and automation technology group, will invest over $ 400 million to double the capacity of its high-voltage cables manufacturing facility in Karlskrona, Sweden, to meet growing demand for subsea cables.
The investment plan includes construction of new buildings and installation of additional manufacturing lines at the existing plant. The expansion will be carried out in a phased manner and is expected to be completed by 2015.
"This investment will help us to boost production capacity and meet the growing demand for highvoltage subsea power cables," said Peter Leupp, head of ABB's Power Systems division. "Subsea cables
The investment plan includes construction of new buildings and installation of additional manufacturing lines at the existing plant. The expansion will be carried out in a phased manner and is expected to be completed by 2015.
"This investment will help us to boost production capacity and meet the growing demand for highvoltage subsea power cables," said Peter Leupp, head of ABB's Power Systems division. "Subsea cables
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