ABB receives Frost & Sullivan's prestigious Best Practices Award for its excellence in delivering automation and electrification solutions to the marine and offshore market.
SINGAPORE, Oct. 18, 2013 /PRNewswire/ -- ABB, the leading power and automation technology group, has received the coveted Frost & Sullivan Asia Pacific Electrical Solutions Company of the Year in the Marine & Offshore Market Award at the 2013 Frost & Sullivan Asia Pacific Best Practices Awards ceremony held on the 17th of October at the St. Regis Hotel, Singapore. Frost & Sullivan, a leading global research organization with over 50 years of experience, has recognized ABB for its continued efforts and best practices in bringing solutions that incorporate the latest technologies in safety and reliability. This is especially important in marine and offshore vessels with crew members working far out at sea.
"ABB has established its market leadership position in the Asia Pacific marine and offshore electrical solutions market within a very short span of time since its market entry in 2008. The brand has become synonymous with top-notch quality, reliability, and efficient service amongst their customers, who include leading oil and gas and shipbuilding companies. With no room for complacency, ABB strives to better its own performance and enhance customer value every year to build an enviable market position," Avanthika Satheesh, senior research analyst of the Asia Pacific Energy & Environment Practice at Frost & Sullivan, said.
ABB focused on efforts to grow its marine and offshore business in Singapore back in 2007 and today, this business segment constitutes a very important portfolio in the company's global business. Singapore has emerged to become the company's global center for marine and FPSO operations. Almost 70% of the existing global vessels have been built or refurbished by the company's operations here and ABB in Singapore also houses a technology R&D center.
"We are a company that constantly strives to be at the leading edge of technology, and this has enabled us to provide our marine and offshore customers with safe and reliable electrical and automation systems," said Haider Rashid, region manager for ABB in South Asia. "Together with a strong focus on our customers, this enables us to deliver the necessary value in all of our projects."
"Receiving this award represents a significant milestone in our efforts to provide best-in-class technologies for this market and we are very happy to be recognized by our customers and the industry. We believe our in-depth process knowledge combined with our customer-centric approach and experienced team will continue to support our customers' needs effectively," said Ravi N, region division manager for the Process Automation division, South Asia.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.
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