ABB to Issue CHF 350 million Bond
ABB, the leading power and automation technology group, announced a new issuance of CHF350 million 1.50% Notes due in 2018.
Zurich, Switzerland, Jan. 4, 2012 - ABB, the leading power and automation technology group, announced a new issuance of CHF350 million 1.50% Notes due in 2018.
The net proceeds of the issue will be used for general corporate purposes.
The Notes will be issued by ABB Ltd, which is incorporated in Switzerland and is the ultimate holding company of the ABB Group.
Issuance will take place on or around January 23, 2012, which is the expected settlement date of the Notes.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 130,000 people.
Featured Product
The ERT150 - Dorner's Next Evolution of Edge Roller Technology Conveyors
The next evolution in Dorner's Edge Roller Technology conveyor platform, the ERT®150, is ideal for small and light-load assembly automation, as well as medical and medical-device assembly application. The ERT platform is the only pallet conveyor of its kind available with an ISO Standard Class 4 rating for cleanroom applications. Earning the ISO Standard 14644-1 Class 4 rating means Dorner's ERT150 will conform and not contribute to the contamination of cleanrooms to those standards. As implied by its name, the ERT150 (Edge Roller Technology) uses rollers to move pallets through the conveyor smoothly with no friction (a byproduct often seen in belt-driven platforms). The conveyor's open design eliminates concerns of small parts or screws dropping into rollers and causing conveyor damage or jamming. The ERT150 is suited to operate in cleanroom environments requiring a pallet handling conveyor. It is capable of zoning for no or low-back pressure accumulation and is ideal for automation assembly applications within industries including medical devices, electronics, consumer goods among others.
