Joint venture formed in EPC business



ABB’s current oil and gas engineering, procurement and construction (EPC) business will be transferred into a new joint-venture (JV) company which will have majority and controlling interest. The new JV company, Arkad-ABB, will provide the full range of integrated EPC services for oil and gas plants.

It will build on more than 50 years of experience in oil and gas EPC and the successful delivery of more than 300 projects globally.

Contact Shivani Chetram, ABB, Tel 010 202-5090, shivani.chetram@za.abb.com

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Source: EE plublishers

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