ABB in Argentina in strategic alliance

Jan 16, 1997 01:00 AM

ABB Lummus Global has made a strategic association with the local Sideco Americana to pursue opportunities in the construction of oil & petrochemical plants in Argentina, a $ 5 bn business over the next five years. So far they signed a contract with YPF to a asphalt plant at La Plata, and with Shell to set up another oil processing unit in Dock Sud refinery. The contracts represent investments of $ 60 mm. ABB has overall sales of $ 300 mm in Argentina.

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