ABB revamps EPC business to cap year of transition

ABB revamps EPC business to cap year of transition
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28.12.2017

MOSCOW (MRC) — ABB will reshape its engineering, procurement and construction (EPC) business—including its biggest but least profitable power grids division—by spinning off and winding down some operations, triggering fourth-quarter charges totaling USD225 MM, as per Hydrocarbonprocessing.Chief Executive Ulrich Spiesshofer called the move ABB's final step in a year of transition tha

Full article at mrcplast.com

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