Welcome to our dedicated page for ABB news (Ticker: ABBNY), a resource for investors and traders seeking the latest updates and insights on ABB stock.
ABB Ltd. (ABBNY) drives technological innovation in electrification, automation, and robotics across global industries. This news hub provides investors and professionals with timely updates on strategic developments shaping industrial efficiency and sustainable infrastructure.
Access ABB's official press releases alongside curated analysis of earnings reports, product launches, and partnership announcements. Track critical updates including:
• Quarterly financial performance
• Automation technology breakthroughs
• Strategic acquisitions and expansions
• Sustainability initiatives and ESG progress
Bookmark this page for verified updates on ABB's market leadership in energy transition technologies and industrial digitalization. Monitor how the company's innovations in motion systems and smart grids impact global manufacturing and energy sectors.
Nouveau Monde Graphite Inc. (NMG) has made significant progress in preparing for the construction of its Phase-2 Matawinie Mine. Key developments include:
1. Awarding the 120kV electrical substation contract to ABB, enabling zero-emission operations powered by clean hydroelectricity.
2. Advancing detailed engineering with AtkinsRéalis and SRK.
3. Engaging with local and Indigenous contractors to maximize regional economic benefits.
4. Securing financing for a recreational center adjacent to the mine, enhancing community integration.
The Matawinie Mine, set to become the world's first all-electric open-pit mine, will have a 103,000-tpa graphite mining and concentrator complex. NMG is collaborating with Caterpillar Inc. for a zero-emission mining fleet. The project aims to address the North American market's demand for local, carbon-neutral graphite supply, as Canada and the US currently produce minimal amounts globally.
Deutsche Bank has been appointed as the successor depositary bank for ABB 's American Depositary Receipt (ADR) Program, effective July 1, 2024. ABB is a leading technology company in electrification and automation. The program will be managed under Level I ADR with the symbol ABBNY, traded on the OTC market. Each ADR represents one ordinary share of ABB The custodian bank for this program will be Credit Suisse (Switzerland), This change highlights Deutsche Bank's robust capability in managing cross-border equity structures, including ADRs, for global clients.
FAQ
What is the current stock price of ABB (ABBNY)?
What is the market cap of ABB (ABBNY)?
