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GENEVA, Sept. 6 (Xinhuanet) -- Chief executive Fred Kindle of the
Swiss-Swedish engineering giant ABB said on Tuesday his company will relocate
its robotics division from the United States to China, and boosting its
activities in China is part of ABB's five-year strategy.
"China rightfully has a very strong position because it is a huge market
with a lot of opportunities. Therefore, it is attracting a lot of our
attention," Kindle said in an interview with the official website swissinfo.
As to ABB's decision to relocate its robotics division and its workforce to
China, Kindle said: "We must stay at the cutting edgewhere we are not facing
cost competition that forces us to relocate more of our workforce."
"Our success in emerging countries may lead to a build-up of jobs in OECD
(Organization for Economic Cooperation and Development) countries in the
future," he added.
In October 2004, the Zurich-based engineering group unveiled major
expansion plans in China, which it said should become its largest market within
five years.
Besides China, Kindle said ABB has also seen a stellar performance in its
development in India and there is very dynamic development in the Middle East.
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