ABB to increase local US production to reduce tariff impact By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
0mins
Should l Buy ?
Source: Investing.com
ABB's Expansion Plans: Swiss engineering group ABB is increasing its local production in the U.S. and other countries to counteract the effects of tariffs imposed by the Trump administration, with a commitment of $120 million for expanding low voltage electrical equipment production in Tennessee and Mississippi.
Local Production Goals: ABB aims to achieve over 90% local production in key markets like India, China, and the U.S., emphasizing the importance of flexible local manufacturing to ensure supply chain resilience amid global disruptions, while currently producing 75-80% of its U.S. sales domestically.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
