abb unveils high growth strategy - energy storage solutions

ABB, global leader in power electronics and energy storage systems, has announced a new strategy to shift its focus to high profit growth
Increase the market, enhance the competitive power, reduce the risk of business model.
Abb ceo Ulrich Spiesshofer, who unveiled the strategy on the company's capital market day, said: "Our next strategy will focus on actions to accelerate ABB's organic growth momentum and improve capital efficiency, achieve greater shareholder value.
"We are shifting our focus to higher areas of growth while improving our competitive power and reducing risk, especially in our power system sector.
We are increasing the customer focus of our organization by simplifying it for increased flexibility and speed.
We will drive change with a focus of 1,000.
Ensure a successful day program, "he said.
The company aims to achieve revenue growth by focusing on its key advantages 4-
Seven cents as of 2020.
ABB will continue to build on its leading power and automation portfolio, which will be managed in its business units under the leadership of five departments.
As of January 2015, its regional structure will be streamlined from eight regions responsible for customer collaboration, shared services and related countries to three regions.
"These initiatives will increase customer focus and productivity, generate clear responsibility and accountability, and drive the market --
For cooperation . "Spiesshofer.
The three new regions are: America, Europe and Asia, Middle East Africa (AMEA).
In India, the focus will be on power transmission and distribution, clean energy and automation solutions.
In power and automation, ABB will target utilities, infrastructure and industry.
As the Indian government promises to power all residents in a time-bound manner, ABB sees greater opportunities in the grid sector --
Application of micro-grid.
To further strengthen its position in these areas, the company recently established a partnership with BYD, the leader in energy storage solutions in China.
On this occasion, ABB released YuMi, the world's first cooperative robot.
Friendly dual-arm robot designed for a new era of automation.
YuMi is always there for you and me.
It is developed to meet the flexible and agile production needs of the consumer electronics industry.
The robot will be available in April 2015.
ABB also announced a $4 billion acquisition.
Plan to repay shareholders. (
Reporters in London at the invitation of the company)