ABB: targets achievable.

Fonction Financial News

The automation technology division of Swiss engineering group ABB is on track to achieve its targets, the division's head Dinesh Paliwal was quoted in 'Finanz und Wirtschaft' as saying. Even so, the unit must further improve its efficiency.

Ongoing cost cuts and the unit's order situation also give grounds for optimism and ABB expects its markets to stagnate in 2004 and must therefore improve its efficiency and take market share, he says. He sees a few...

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