Mon. Sep 25th, 2023
    ABB to Invest $280 Million in New Robotics Campus in Sweden

    The ABB Group, a leading technology company, has announced plans to invest $280 million in the construction of a new ABB Robotics European Campus in Västerås, Sweden. This investment will allow ABB to expand its production capacity by 50% and accommodate the growing demand for its robotics offerings in Europe.

    The new campus, spanning almost 700,000 square feet, will serve as a hub for ABB’s Robotics division in Europe. It will bring together research and development, customer experiences, training centers, and automated manufacturing in one location. The campus is set to be operational by late 2026, replacing an existing facility.

    The decision to build the new campus is driven by customer demand and the projected market growth in Europe. Björn Rosengren, CEO of ABB Group, stated that the investment in the new facility demonstrates the company’s commitment to serving its European customers with locally manufactured products. Currently, approximately 95% of the robots sold by ABB in the region are manufactured in Europe.

    This investment in the Swedish campus follows ABB’s previous investments in robotics facilities in China and the United States. In total, ABB will have invested $450 million in three robotics facilities since 2018. The facility in Shanghai caters to the Asian market, while the venue in Auburn Hills, Michigan, serves customers in North and South America.

    With the establishment of the new robotics campus in Sweden, ABB aims to strengthen its capabilities in Europe and meet the increasing demand for its robotic solutions. The investment aligns with the company’s “local for local” strategy, ensuring that ABB can provide efficient and localized support to its customers across Europe.

    – MarketScreener
    – ABB Group