What does ABB mean? Please, 3Q.

ABB's full name is ASEA· Brown Boveri Co., Ltd. ABB(www.abb.com) is a global leader in the field of power and automation technology, and is committed to providing solutions for customers in the industrial and power industries, helping customers improve their performance and reduce the adverse impact on the environment. ABB Group's business covers more than 100 countries and has110,000 employees. ABB Group ranks among the world's top 500 enterprises, and ranks 273rd among the world's top 500 enterprises (the revenue in 2007 was $24.883 billion). Headquartered in Zurich, Switzerland, the Group is listed and traded on the Zurich, Stockholm and new york stock exchanges. ABB was formed by the merger of two international enterprises with a history of more than 100 years-Arcia of Sweden (ASEA) and BBC Braun Boveri of Switzerland in 1988. The relationship between ABB and China can be traced back to 1907 at the beginning of last century. At that time, ABB provided China with the first steam boiler. ABB set up the China business department in Hongkong on 1974, and then set up a permanent office in Beijing on 1979. 1994, ABB moved its headquarters in China to Beijing, 1995, and officially registered its investment holding company-ABB (China) co., ltd. After years of rapid development, abb has 25 joint ventures and wholly-owned enterprises in China, sales and service branches in more than 38 major cities, and has 12000 employees. In 2005, ABB's sales in China reached $2.4 billion. China has thus become ABB's second largest market in the world. In 2003, ABB was rated as one of the "excellent employers" in China 10 in a survey jointly conducted by Fortune magazine and Yahoo. At the beginning of 2006, ABB was rated as one of the most popular employers by college students in a survey organized by Worry-Free Future China. In early 2006, ABB also moved its global robot business headquarters to Shanghai, China. ABB has established a strong production base in the fields of power transmission and distribution, automation products and systems through close cooperation with local partners in China. Business includes a complete series of power transformers and distribution transformers; High, medium and low voltage switch applications; Electric drive system and motor, etc. These products have been widely used in industry and power industry. ABB pursues excellent quality, and its enterprises and products have become the benchmark in the industry. ABB's ability in engineering and project management is manifested in many fields such as metal, pulp, chemistry, life science, automobile industry, electric power industry automation and building system. ABB has participated in the construction of many national key projects in China, such as the Three Gorges Power Station construction and transmission and distribution project, the South-to-North Water Transfer Project, the Qinghai-Tibet Railway, the reconstruction and expansion project of the Beijing Olympic Capital International Airport, the substation project and the light rail project. In addition, ABB also provides reliable power or automation technology solutions for many customers, such as Shanghai Secco, Guangzhou Metro, Shanghai Metro, Beijing Great Hall of the People, Shanghai General Motors, Baosteel, etc. These are the largest petrochemical projects in Asia.