ABB to add new US manufacturing facility to support grid hardening and resiliency
30 March 2023 - 11:55PM
- Investment of $40 million will create new Albuquerque facility
to support the US Utility sector in strengthening the electric
grid
- Operations creates 55 new jobs in New Mexico
- Increases production of high-demand Elastimold® cable accessory
solutions used to improve reliability and safety for American
consumers and businesses
ABB is reinforcing its commitment to the US market and Utility
industry with the addition of a new manufacturing facility in
Albuquerque, New Mexico, for its Installation Products Division,
formerly Thomas & Betts. Planning and construction of the new
90,000-square-foot facility is underway and represents an
investment of $40 million. The greenfield facility will create 55
new jobs in the area and produce cable products used by electric
utility providers in grid hardening and resiliency initiatives.
With over 75,000 miles of underground cabling estimated to be in
place by 2040 across the US, ABB’s new facility will meet increased
demand for its leading Elastimold® solutions essential to wildfire
mitigation, as well as underground and grid hardening projects that
power homes, businesses and communities in a safe and reliable way.
When completed in 2024, the Albuquerque facility will include ABB
Robotics technology and digital automation to produce more than 1
million additional units annually – the vast majority will be
supplied to US customers.
“As the focus on strengthening the US infrastructure and
electric grid intensifies, ABB’s latest investment in Albuquerque
will advance our production capabilities and significantly boost
capacity to meet the needs of utilities for safe, reliable and
innovative solutions that are easier to install and maintain,” said
Matthias Heilmann, President of ABB Electrification’s Installation
Products division. “Continuing to grow our US manufacturing
operations and distribution network accelerates our ability to
deliver high-demand electrical products our partners rely on to
manage today’s needs and prepare for tomorrow’s energy
demands.”
The new manufacturing facility will be located on ABB’s 40-acre
site in Albuquerque, in addition to its existing Installation
Products manufacturing facility, which opened in 1973. That
adjacent plant already employs nearly 450 production, engineering
and quality specialists who develop, test, and make a wide range of
custom and standard utility solutions. This newest investment will
make ABB one of the top ten manufacturing employers in New Mexico
and adds to over $100 million in Installation Products expansions
and improvements made in the US over the past few years to increase
capacity and drive innovation. It also builds on the $14 billion
ABB has already invested in the US since 2010.
Part of ABB’s Electrification business area, the Installation
Products Division is a global leader in the design, manufacture and
marketing of products used to manage the connection, protection and
distribution of electrical power in industrial, construction and
utility applications. With more than 200,000 products across
more than 38 premium brand names, ABB Installation Products
solutions can be found wherever electricity is used.
ABB is a technology leader in electrification and
automation, enabling a more sustainable and resource efficient
future. The company’s solutions connect engineering know-how and
software to optimize how things are manufactured, moved, powered
and operated. Building on more than 130 years of excellence, ABB’s
~105,000 employees are committed to driving innovations that
accelerate industrial transformation. www.abb.com
- ABB ELIP Albuquerque facility rendering
Elizabeth Lubben
ABB
470 449 2683
elizabeth.lubben@us.abb.com
ABB (NYSE:ABB)
Historical Stock Chart
From Nov 2024 to Dec 2024
ABB (NYSE:ABB)
Historical Stock Chart
From Dec 2023 to Dec 2024