ABB Group

Head office: Affolternstrasse 44, Postfach 8050 Zürich, Switzerland Tel: +41 (43) 317 4144 www.new.abb.com | Israeli Branch: ABB Technologies Ltd. 5 Nahum Het Street, Haifa, Israel Tel:+972-4850211 www.new.abb.com/il



ABB Group is a publicly traded Swedish-Swiss multinational corporation manufacturing electrification products, robotics and motion, industrial automation and power grids. The Group serves customers in utilities, industry, transport and infrastructure.

In October 2017, ABB Group equipment was documented by Who Profits at the Kalia settlement solar energy field in the Jordan Valley in the occupied West Bank. The specific product documented was the 1SL0221A00, an industrial electrical enclosure. The Kalia Solar Field is a joint project of Clal Sun Ltd and Kibbutz Kalia, a settlement in the occupied Jordan Valley. The Field is one of the largest commercial solar fields built on occupied Palestinian land. The project’s facility stretches over 135,000 square meters of Palestinian land. The 10.8 MW project is now connected to the high-voltage power grid.

ABB Group’s solar invertors were also used in one of Israel’s largest solar fields in the Negev. The 55MW plant in the western part of the Negev was planned and funded by Enlight Renewable Energy, an Israeli company that builds and operates solar and wind power facilities. In total, 36 ABB ULTRA-1400 inverters were used in this project which is brining electricity to 18,000 households in Israel. In close proximity to this solar field live Palestinian citizens of Israel in what is deemed “unrecognized” villages with no access to public services including electricity.

ABB’s entry to the Israeli solar energy industry started in 2012 with the installation of solar panels on top of cowsheds at kibbutz Yifat. The around $11 million project generates 3MW of electricity, financed by Bank Haboalim and is owned by RAPAC Infrastructure and communication Ltd. (25%), Dolar Solar (25%) and Reft HaEmek, a consortium bringing together Kibbutz Yifat, Magiddo and Mirhavia (50%).

In addition to the supply of equipment to Israeli companies, ABB Group, through its corporate venture arm, ABB Technology Ventures (ATV), invests millions of dollars in a number of Israeli companies and startups such as PountGrab, TaKaDu and Pentalum.

ABB Group also has an industrial cooperation agreement with the Israeli Industrial Cooperation Authority.



Company Response

Dear Madam, Sir

This is to confirm receipt of your letter dated November 9, 2017, requesting us to respond on your planned publication about certain business of the ABB Group.

We confirm that the draft statements you have submitted to us for review are basically correct. We suggest the following amendments:

·       As regards your proposed list of Partners, Doral Solar is a local customer, but not a strategic business partner of ABB.

·       For correct quotation of our 2016 revenues, kindly note that they amount to 33,379,000,000 USD.

ABB is strongly committed to doing business in compliance with all applicable international regulations, and we consider the business cases you are referring to in your letter to be in line with this principle.

Yours sincerely,

 

Adrienne Williams

Head of Corporate Responsibility

ABB Asea Brown Boveri Ltd
Affolternstrasse 44
8050 Zurich, Switzerland
Phone: +41 (0)43 317 65 52
Mobile: +41 (0)79 456 68 60
email: [email protected]

Ownership

ABB Groups is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland. The company traded on SIX Swiss Exchange, NASDAQ OMX Stockholm Exchange and the New York Stock Exchange under the ticker symbol ABB.

ABB Ltd, is the ultimate parent company of the ABB Group, which comprised approximately of 320 consolidated operating and holding subsidiaries worldwide.

Major shareholders include: Investor AB (10.48%), Cevian Capital II GP Limited (5.23%) and BlackRock (3.15%).

CEO: Ulrich Spiesshofer

CEO of Israeli subsidiary: Ronen Aharon


Subsidiaries

ABB group has dozens of subsidiaries worldwide.

Israeli subsidiary: ABB Israel


Partners

Philips Lighting (The Netherlands), Microsoft (USA), Nordke Shell (a subsidiary of Royal Dutch Shell), Fluor (USA), Aibel (Norway). Doral Solar is ABB Group’s local distributor in Israel. 

All the information contained in this page is valid until Tue 24/10/2017



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