Komatsu, ABB Collaborate to Enable Net Zero Emissions for Heavy Industrial Machinery

Komatsu and ABB have signed a Strategic Collaboration Agreement to jointly develop and bring to market integrated solutions that will help move net zero emissions for heavy industrial machinery a step closer to reality. The two global leaders will leverage industry expertise and equipment in a bid to create world-class interoperability, ranging from renewable energy generation to fully electrified mining equipment, for customers.

ABB: Q4 2023 results

Q4 2023

  • Orders $7.6billion, 0%; comparable1 0%
  • Revenues $8.2 billion, +5%; comparable +6%
  • Income from operations $1,116 million; margin 13.5%
  • Operational EBITA1 $1,333 million; margin1 16.3%
  • Basic EPS $0.50, -18%2
  • Cash flow from operating activities $1,897 million; +176%

FY 2023

ABB invests $170 million in the US

ABB is accelerating its growth strategy in the United States by investing approximately $170 million and creating highly skilled jobs in manufacturing, innovation and distribution operations. ABB is committed to growing in the US by investing in its electrification and automation businesses that meet increased demand from industry-leading customers, while supporting the clean energy transition and the trend towards reshoring of production. This commitment is highlighted by today's pouring of the concrete foundations for a greenfield drives and services facility in New Berlin, Wisconsin.

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