ABB - ABB to invest $20M to expand robotics factory in the U.S.
2023-03-16 08:44:19 ET
- ABB ( NYSE: ABB ) has strengthened its commitment to one of its largest customer markets , the U.S. with construction starting on the expansion of its existing North American robotics headquarters and manufacturing facility in Auburn Hills, Michigan.
- The project is expected to be completed in Nov. 2023 and represents an investment of $20M.
- The expansion will create 72 highly skilled new jobs in the area and is supported by a $0.45M Michigan Business Development Program performance-based grant.
- Also, with the expansion set to significantly increase the factory’s production capacity, it responds to the increased demand for automation from 70% of US businesses looking to bring production closer to home, as revealed by ABB Robotics’ survey of 1,610 executives in the US and Europe in June 2022.
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ABB to invest $20M to expand robotics factory in the U.S.