ABB expands manufacturing capacity for Low Voltage (LV) motors at its Faridabad facility, powered by renewable energy

The expansion will increase plant capacity by more than 20 percent and will further strengthen ABB's presence in the region and global markets. The Faridabad facility has been at the forefront of promoting sustainable practices and is adopting renewable energy usage and improving energy efficiency across the plant.

Expanding its current capacity for manufacturing of low voltage motors, ABB has added a new manufacturing line at its Faridabad plant. The new line will develop energy efficient motors up to 55kW for customers operating in different industrial segments such as F&B, water & wastewater, cement, metals and mining, HVAC, textiles, rubber and others. ABB's LV motors are compactly designed to minimize space and total cost of ownership. Offering greater flexibility to meet specific customer requirements, ABB's LV motors help in operating critical processes with minimum downtime.

"This expansion further reinforces our commitment to the 'Make in India' initiative. The new line will not only meet the growing demands of domestic market, but also help us boost exports to other significant markets like Middle East and Africa. Our state-of-the-art manufacturing facilities will continue to manufacture world-class motors that are reliable and energy efficient." said Sanjeev Arora, President, ABB Motion India.

As roughly 75% of industrial motors are used to run pumps, fans, and compressors, usage of energy efficient motors play a vital role in reducing energy consumption. ABB is manufacturing Super Premium efficiency motors in India that meet the IE4 standard, which specifies energy losses about 15% lower than those delivered by IE3 motors. These motors are robust, customizable, reliable, and suitable for use in numerous industries and applications, as well as in some of the most demanding conditions.

State-of-the-art facility focused on sustainability

In an endeavor to enable a low carbon society, ABB is continuously working towards achieving RE100 commitment and reduction of carbon footprint at its Faridabad manufacturing unit. In 2020, the unit contributed to 100% CO2 emission reduction (scope 2 emission) through inhouse solar power generation and purchase of energy attribute certificates (IREC). Various energy efficiency improvement activities are carried out in line with EP100 commitment such as adoption of energy efficient lighting, high efficiency IE 3/IE4 motors and enhancement of energy efficiency potential of compressors.

In 2020, ABB had launched a new series of high-output motors for its industrial customers in India with compact design, reducing the overall size of equipment and total cost of ownership. Manufactured at ABB's Bengaluru and Faridabad factories, the made-in-India motors helped in bolstering ABB's presence in the domestic market.

Shares of ABB India Limited was last trading in BSE at Rs. 1653 as compared to the previous close of Rs. 1707.7. The total number of shares traded during the day was 7893 in over 1000 trades.

The stock hit an intraday high of Rs. 1730 and intraday low of 1629.2. The net turnover during the day was Rs. 13154156.

Source : Equity Bulls

Keywords