Turbocharging – inspired by our customersActivity Report 2014
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Editorial
As we reflect back on the year of 2014, it has given us a renewed focus on our visionto be our customers’ very first choice. We have lived this vision through new initia-tives and developments across ABB Turbocharging throughout the year. Althoughmany markets in which we operate remained slow, as in 2013, we have been drivenby our commitment to move our business forward to support our customers inachieving their goals.
Despite a demanding twelve months, we had a number of highlights. For low-speedengine applications, the A200-L has continuously grown ABB’s market share offeringoperational flexibility and allowing for dual ratings. The A100 series has receivedmarket-wide acceptance in four-stroke turbocharging. Last year also saw Power2®,our two-stage turbocharging solution on an additional engine platform in seriesdelivery and we will see in 2015 additional engines being launched. The TPR 56 withVTG was delivered as a serial product in the traction market in China – offering fuelsavings and operational robustness at varying load profiles and across different cli-matic environments. In addition, there was increased market interest in 2014 for ourVCM® technology, a major element of our growing portfolio of products and services.
The maintenance of our products in operation for efficiency, safety and uptime is key,and our Service Business fared well over the year as a result of our tailored offer-ings, with our long-term agreements such as OPAC once again receiving increasedcustomer interest. One particular highlight is our upgrades business, 2014 was the second year of offering these packages, which grew strongly, showing that themarket is keen to improve the performance of long-life assets. ABB turbo chargersare a good platform to adapt for future needs, backed up with the strong technicalknowledge of our people.
In the industries where we are present, marine and power generation remainedslow, as in 2013. Oil and gas (on- and offshore) which in recent years propelled thebusiness also showed a clear slowdown towards Q4. Low oil prices will be anadvantage to some customers where fuel is a key element of their costs and thiswill create strong headwind where oil price defines their top line.
Contents
Editorial 2
2014 highlights in products and services 4
Our work in 2014 5
Adapting to the market 8
Key facts 2014 11
Perspectives on 2015 13
Our thoughts on the road ahead 16
Organization 18
The focus of ourinvestments in 2014and 2015 is onpeople and seg-ment specific products and ser -vices: making areal difference tohow our cus-tomers’ engineproducts performin the field.
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For our business overall, 2014 ended on a comparable level versus 2013. Our differentiated, segment based development of offerings, as outlined in 2013, is now supported even better by an organizational set-up focusing our energy andattention on specific market segments. In 2014 and 2015, our investment is focusedon people and segment specific products and services: making a real difference to how our customers’ engine products perform in the field. Over the past year, wemaintained our focus on offering and developing leading edge technologies. Weplan to continue this through further expansion in 2015, proactively addressing theneeds and concerns of engine builders and end users in the development of specificsolutions.
As a business we have faced another unpredictable year, but the expertise of ourpeople working in close cooperation with our business partners has led to advance-ment in initiatives to overcome the challenges of 2014. It is difficult to predict 2015with any degree of certainty, we anticipate that some pressures across our industrieswill continue, however we also see opportunities over the coming months. The impactof the Swiss Franc no longer being pegged to the Euro, may create additional chal-lenges, but we move ahead confident that our new global organizational structurewill steer us in the right direction.
I would like to thank our customers and business partners for their loyalty through-out the year, and of course our own people who have committed to our mission to make a real difference in how our customers’ engine products perform. We lookforward to continuing our journey with you through 2015.
Oliver Riemenschneider
Offering and developing leadingedge technologieswas our continuedcommitmentthroughout theyear.
ABB Turbocharging extended Management Team in 2014.
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Service. 22 percent increase in Maintenance ManagementAgreements and Operation Performance Packages since 2013. Service agreements now cover 15,000 turbochargers. 80 turbocharger upgrades completed in 2014. First US MMApackages sold. 7 new Service Stations opened. Products. Over 550 A200-L turbochargers specified or ordered. Power2achieves commercial success. Successful Valve Control Management (VCM) test on full gas engine. Release of first type TPS-H for gas compression. Milestones. 90 years of the Test Center. Investment. 13 MUSD investment into the Test Center.
2014 highlights in products and services
MarineIn 2014 the marine and shipping industrysaw some continuation across the boardof the challenges faced in 2013, as wellas some new opportunities. The start of the year saw increased activity in ship -building orders, although this createdovercapacity which had a noticeable im -pact in Q2, as new orders for all vesseltypes fell to levels below 2013. The over -capacity issue is not likely to end soon,creating increased pressure for suppliersin the marine market.
The medium-speed marine market sawa significant slowdown in drilling ship newbuildings. We have however seen high
production volumes in 2014 of auxiliaryengines, which puts some further pres-sure on ABB in this area of the marketdue to com petitive pricing. In 2015,some slowdown of large bore engines is anticipated.
The low-speed market was relativelydepressed throughout most of the year,although there were some positives.Freight rates having lowered at the startof the year did show some improvementlater into 2014. The dramatic fall in oilprices may shift operators’ focus away,to some extent, from fuel consumptionconcerns. This will help the industry andhas also created some market potential
as customers show increased interest inengine dual rating allowing them greaterflexibility although with significantly highercosts.
Furthermore, the trend for ever largercontainer ships is continuing – 2014 sawthe launch of the largest vessel currentlyin service with 19,000 TEU capacity andthe largest engine in operation boostedby ABB designed turbochargers. Alreadywork is under way on a vessel evenlarger illustrating that ship operators arestill focused on economies of scale inmanaging their overall costs.
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Our work in 2014Turbocharging solutions for the marine, offshore, power generation and rail markets continued to be our focus in 2014.
19,000 TEU CSCL Globe with ABB designed turbochargers docked in Hamburg, Germany.
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Despite challenges faced by the marineindustry, 2014 saw fast uptake for ABBTurbocharging’s latest generation prod-ucts with over 550 A200-L turbo chargersspecified or ordered in 2014. Also furthersuccess with latest technologies wasachieved in 2014, with the delivery ofPower2 for Wärtsilä’s first commercialorder for two-stage turbocharged dieselengines.
OffshoreThe year started well, there was invest-ment activity and continued planning ofexploration for deep sea fields. Q1 sawpositive orders for offshore vessels. Fromthe mid-point of the year this changed,with falling oil prices which have beenkey in shaping industry dynamics. Fromthe summer peak to end of year the pricedrop was around 60 percent, directlyimpacting the ordering activity which fellquite significantly in the second half ofthe year.
Consequently, we started to see thatsome projects were stopped or delayed.Some new exploration activity has beenpostponed or cancelled altogether. As aresult, the industry has seen the firstround of seismic ships, and drill shipsunemployed, previously having been very
hand faced similar obstacles in winningnew projects, with no real change froma year ago. The weak Eurozone, andlack of positive legislation compoundedthe financial issues. Consequently wesaw order intake drop from Q2 onwards,as well as relatively short lead times.
In the medium-speed market, the patternwas similar with a strong Q1 tailing offover the year due to market volatilityand difficulties in securing investment.Those projects that did go ahead creatednew challenges for suppliers with re -quire ments for tight delivery time scales, so a real need for flexibility to meet customer needs. The positive news isthat Wärtsilä managed to sell the firstW20V32TS diesel power plant projectconsisting of five engines. The W20V32TSis Wärtsilä’s first two-stage turbochargedserial engine re leased into the market,with the application of our Power2 550-M.
Our continued focus on VCM led to thesigning of a development agreementwith Caterpillar Energy Solutions for a 5 MW power generation engine that willincrease efficiency and improve loadacceptance. A further similar agree mentwith another high-speed customer isalso at final negotiation stage.
A power plant equipped with type TPL turbochargers in Denmark.
busy. Many companies have reviewedtheir costs with a few announc ing budgetreductions. There have been some casesof companies collaborating or exploringmerger and acquisition opportunities tobecome more cost competitive.
ABB successfully continued to close further maintenance agreements with oil and gas offshore players in severalcountries, supporting our customers in improving their equipment availabilityand reducing their total costs. There has been increased interest from ourcustomers in this segment in managingtheir service on a more centralizedbasis, getting a better overview and gripon their costs on a global scale. Thishas the potential to lead to an increasein global agreements with standardizedglobal terms for suppliers.
Power generationThe market continued in much the sameway as 2013 for high-speed and medium-speed power generation. A positivedevelopment in the high-speed marketwas driven by stronger demand for pro-duction and transportation of oil andgas in the US which positively affectedour customer Caterpillar. All Europeanhigh-speed engine builders on the other
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In terms of penetrating the market withour new technologies, the successfultesting of VCM on a full-size lab enginewith another high-speed engine builderwas completed and now we are workingtowards a field trial. Also, our focus on helping customers to reduce fuelconsumption continued with the com-mercial launch of GE Jenbacher’s 920engine in the 10 MW engine class withPower2.
Industry pressures have had an impacton our business; power stations previ-ously running at base load are now incompetition with renewables in provid-ing power to the grid. This completelychanges the business model of the elec-trical power stations as they oper atenow at peak times, so overall, they arerunning for fewer hours each year con-verse to their original purpose. Thisdoes challenge the value of efficiencyenhancing technologies and decreasesopportunities for our Service Business.
Away from power generation, but still a notable highlight in the high-speedengine market was the release of thefirst TPS-H for use on gas compressionengines. The first units successfullycom pleted field tests on biogas engines.
RailThe traction industry presented severalsignificant opportunities in 2014 despitethe challenges facing engine buildersand end users. China, India and Russiaall have future potential for growth intraction applications.
A significant highlight for 2014 was inChina, where we achieved successfulqualification of 4,400 hp HXN diesel-electric locomotives for commercial operation with TPR 56 turbochargers.This materialized in several batch ordersfor an approximate total of 400 turbo -chargers, more than half with our VariableTurbine Geometry (VTG) technology.
Russia has presented opportunity forABB with the first turbo charger appli -cation for rail in the country, on theisland of Sakhalin. Besides testing ofABB turbo chargers on several engine
platforms there is also further potentialin the Russian traction market with thefirst test units for a completely newlydeveloped medium-speed engine plat-form that is tailor-made for traction appli-cation. VTG technology testing is alsoplanned on this engine in 2015. How -ever the difficult economic situation couldpose an obstacle to this development.
Across India business was stable andwe move into the application of newtechnologies. Also, in Asia, a milestonefrom our production management waslocalization of TPR 56 production in China with the first units dispatchedfrom the ABB Turbocharging productionfacility in Jiangjin.
Overall, 2014 was a very positive year in the rail industry with significant break-through in some key geographies.
Diesel locomotive in Russia – a key market for turbocharging of traction applications.
Against the backdrop of a demanding twelve months,we had a number of highlights with our latest generationproducts and technologies.
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Adapting to the marketIn 2014, we were driven by our customers’ business environments, working in partnership with them is our approach to ensuring that we help them to achieve their objectives.
Continued evolutionOver the course of the year we havebeen led by our vision, developed in2013, to be our customers’ very firstchoice. Having taken time to review thechanging dynamics and reshaping ofbusiness models in the industries inwhich we operate, we now face thecoming year strengthened by a neworganizational structure that reflectshow we aim to serve customers better.
We are not only focused on the develop-ment of high performance products, butalso on the value we can bring to ourcustomers’ businesses. Industry devel-opments over the past year have meantthat life cycle offerings are increasinglyimportant to our customers, so we haveresponded to this demand over the courseof the year and will continue next year to develop opportunities for deliveringtailored support to customers, helpingthem to increase the lifetime value oftheir ABB products.
There is no doubt that 2015 will continueto see challenges and volatility, butalongside this will be opportunities forour customers that will also createopportunities for us.
Productivity improvementTo realize the next steps of our produc-tivity improvement initiative throughleveraging global sourcing opportunitiesand dedicated future oriented manu -facturing systems was key in 2014. Insupply management we achieved remark -able improvements and gained fruitthrough our dedicated supplier develop-ment program of our global supplierbase. This has strengthened our collab-oration with one joint focus: the needsof our customers.
In production we finalized the integrationof the Deitingen plant into our Klingnauand Baden plants according to plan, and have installed cutting-edge manu-facturing technologies in line with our“make or buy” strategy to reinforce our compet itiveness further. We havealso enlarged our productivity program
through a dedicated initiative, focusedon meeting future challenging demandpatterns of our customers with agiledemand driven value chains, and to freeup cash which can be used for futureinvestments into our competitiveness.
These productivity programs are key inmanaging the pressure from the entireglobal market environment and toimprove our competitiveness.
Expanding our service portfolioWith service agreements we support ourcustomers in the planning and globalexecution of their maintenance, leadingto accurate budgets and reducing theirmaintenance investments considerablywithout compromising on quality. Morethan 400 service agreements coveringover 15,000 turbochargers prove thatwe offer value to our customers.
A new organizational structure reflectshow we aim to serve customers better,and strengthens our business.
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TPR 56 turbochargers equipped with Variable Turbine Geometry (VTG) in Baden, Switzerland.
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Therma Marine power barge upgrade in Manila, Philippines.
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For our global business overall, 2014has been relatively stable, although at alow level on the volume side. The firsthalf of the year started positively, but the second half saw low order intakeacross all industries, particularly in off-shore due to falling oil prices.
Although the year was challenging andour customers continued to be undercost pressure, our Service Business per-formed well and was on budget for theyear. Our Product Business finished theyear above budget. From our work inthe preceding year, we saw the benefitsin 2014 from our business reorganiza-tion, and we now operate with a lowercost structure.
The second half of the year saw a weak-ening of the Swiss Franc compared toall other major currencies, however this did not result in a positive impactfor us. Then early in 2015 we faced the announcement of the Swiss Francno longer being pegged to the Eurosending markets into a tailspin. This willof course have an impact on all Swissexport businesses, but we also expectto see some opportunities arise.
Product BusinessThanks to increased demand in the pro-duction and transportation of shale gasin the United States, order intake in Q1was strong in high-speed. There wasalso sound order intake and revenues inthe first quarter in the medium-speedmarket. In shipping, the LNG and drillingmarine markets remained strong early in the year, and Hyundai Heavy Industriesplaced an order to equip for the firsttime ever, two drilling vessels with ourA100-M radial turbochargers. We werealso awarded an order for the first Yamalvessel, one of 16 LNG carriers involving160 turbo chargers.
Profitability in the low-speed market wasmore challenging, although we did re -ceive an order for the first waste heatrecovery system and delivered an orderfor the largest power turbine stand-aloneproject. We also saw interest in HighPressure Tuning (HPT), and 2014 markedthe milestone of 550 A200-L turbo -chargers on specification or order. Intothe second quarter, the market for gascompression engines was strong, withorder intake positive. We also saw furtheracceptance of our two-stage turbo -
charging system, Power2. In the latterpart of the year, the medium-speed market became impacted by volatility in the power generation industry andorder intake slowed. In addition, we sawincreased competition in the medium-speed marine market.
By year end, all market segments wereunder pressure – marine saw little changeand the European market for high-speedgas engines slowed impacting orders.Our approach has been to drive marketpenetration of our latest generationproducts and technologies to meet customer requirements, which has ledto increased uptake for the TPR, A100and A200 series turbochargers, andPower2. One further key highlight from2014 was in traction, with the qualifica-tion of our TPR with VTG for the railmarket in China, representing a break-through in this application for rail withfurther potential identified in Russia andIndia.
Key facts in 2014 All market segments have faced volatility, however a focus onvolume flexibility and supply chain improvements has helped ussecure positive results.
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ServiceOverall, 2014 was again a mixed journey.The tumbling oil price changed marketforces – the merchant marine marketsaw a release of cost pressure while inthe oil and gas market the income out-look has tightened. Lower fuel pricesmade some heavy fuel oil power plantscompet itive again and some ownersstarted installations once again, whichhas a positive effect on the active in -stalled base for service.
We made further progress on the road -map to expand our service portfoliobeyond scheduled and corrective main-tenance. Upgrading existing turbochargerswith the latest components to improveengine fuel efficiency has been wellreceived by the power market and it hasbecome clear that best performanceresults are achieved while the engine
builder tunes the engine and turbochargerjointly. Our upgrade portfolio expandedconsiderably in 2014, providing offeringsfor new engine platforms and the firstupgrades on marine applications weresuccessfully completed. Overall, theupgrade business performed in line withour ambitious targets.
Supply and productionBesides our productivity initiatives, in2014 we optimized our global footprint to better serve the different requirementsof our customers. We have increased our production portfolio in China throughthe extension of the A200-L turbochargerseries for our local two-stroke enginebuilders, and ramped-up production ofTPR for the rail market focusing produc-tion on the required capabilities to meetfurther market potential identified in Russia and India.
In supply management we opened anew sourcing hub in Ostrava, CzechRepublic to be closer to the supplierswe have built up in Eastern Europe. Thiswill further drive our strategy regardingdifferentiation of our supplier base tomeet customer requirements. We haveinvested further to build up the requiredcapabilities in our other global sourcinghubs in China, India and Switzerland,with particular focus on tailored devel-opment of the supplier base coveringour global strategic targets.
Ultimately we aim to be one step ahead;managing supply and production by inte-grated collaboration from customer tosupplier, and controlling resources alongthe value chain while fulfilling customers’requirements.
In 2014, further progress was made to expand our service portfolio.
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Marine Overall, the market slowed in 2014 forcontainer ships, bulk carriers and tankers.Significant change is not expected acrossthe low-speed market in 2015 for themarine industry. Overcapacity, particu-larly for container ships is likely to remain,but it is positive to see the upsizingtrend continuing with orders coming forvessels of increased tonnage. In themedium-speed market a clear shift willbe visible as drilling ship orders virtuallydisappeared and volume is partly beingcompensated by production of biggerauxiliary engines for larger containervessels. The LNG vessel forecast remainshigh, with large projects being underdiscussion up to 2019, however appli -
cation of medium-speed engines isjeopardized due to the immense costpressure as well as competition fromtwo-stroke dual-fuel engines from MANand Wärtsilä.
Lowered fuel prices are helping somecustomers in the marine industry ad -dressing their costs, but the fall has not been so significant to make it a non-issue, and early forecasts point to a possible slow rise in the price of oilmoving into 2015.
Highlights looking ahead to 2015 includesuccessfully having turbochargers speci-fied for the Yamal project, consisting of 16 LNG vessels equipped with four
W12V50DF engines fitted with TPL 71-Cand two W9L50DF engines fitted withTPL 76-C turbochargers per vessel. Alto gether, a volume of 160 TPL turbo -chargers will be delivered on this projectup to 2018.
Ship efficiency to reduce operating costsremains a priority for our business part-ners and we will continue to promotetechnologies that offer solutions in thisarea. One example of this is High Pres-sure Tuning, a highly effective way ofimproving fuel consumption of modernelectronically-controlled two-strokeengines at low and part load, using highpressure ratio turbochargers like ourA100-L and A200-L.
Perspectives on 2015Our strategic focus in 2015 is to deliver segment specific solutions, at the same time maintaining our drive for engine efficiency, reduced emissions, reliability and safe operations, without compromise on quality.
Tugboat with ABB turbochargers in Hong Kong, China.
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Inspired by our customers in 2014, and anticipating industrychallenges into 2015, we have taken steps to ensure we arebest prepared in all market segments to partner with our customers, enabling us to respond effectively to their businessneeds.
Application of Power2 in Daejeon, South Korea.
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In 2015, we will remain committed to providing turbochargingsolutions that respond to the changes and challenges for customers in the industries that we serve.
OffshoreDespite the direct impact on marineactiv ity, the impact of the fall in oil priceshas not yet fully materialized as theindustry has a five to ten year lag so cur-rently oil production levels appear rela-tively stable. If the outlook for oil pricesremains low, this presents potential challenges for both our Product Busi-ness and Service Business with vesselsnot being chartered and a slowdown ex -pected in order levels for vessels in 2015.
In the short term, it is likely that there willbe some fallout from industry confidencehaving been shaken. In conjunction with other concerns of increasing oper-ating costs and greater competitionfrom renewa bles and alternative energysources, this is likely to send some shock -waves across the industry. A partialreaction to this may be in cutting invest-ment, so we anticipate more plannedprojects being stopped or delayed if noteconomically viable. Inevitably cost con-trol will come into sharper focus, andcompanies will look for ways to reducecosts across the entire value chain, slow-ing decision making. With some indi -cations of oil prices rising, the outlookfor ABB points to being relatively stablethrough 2015 presenting to us some potential in this market. How ever, if vol -atility continues, there will be an impacton our business in this segment.
Power generationWe are focused on maintaining our strongoffering to customers in the high-speedmarket, with another VCM developmentagreement and further customer testingof Power2.
ABB Turbocharging’s market share inpower generation gas engines remainsvery strong, but currently we are hardlypresent in the high-speed diesel market.In line with our approach to look aheadat how we can better meet customerdemands, we have started developmentof a new product for expansion into thehigh-speed diesel market. It will also beuseful for different applications in otherindustries.
In addition, our upgrades offering looksset to see some opportunities, specifi-cally for the medium-speed market andnow with an established upgrades teamwe will strive to meet market needs.
In the medium-speed power generationmarket the situation is expected to re -main unchanged with respect to volatility,hence increasing pressure to reduceleadtimes of key components. Compe -tition amongst the major key players, for example, Wärtsilä, MAN, BergenEngines is rising and quotations are atan all-time high.
Overall, looking ahead and given thevolatility present across the power gen-eration industry over the entire year, ourstrong and stable position in the marketgives us confidence.
RailOver the next year, we will see the firstcommercial application of TPR 56 high-pressure version with pressure ratios up to 5.8 :1 for extreme altitude application.Also, the introduction of increased specific volumetric flow capacity forTPR 56, for upgrading the current enginepower pack. This will offer exchange-ability and availability while enhancingreliability and durability in operation.
Further anticipated milestones in the yearahead will be the first two-stage turbo -charging application for rail to be quali-fied in a field test, and the start of fieldtesting in the high altitude rail project.
The traction industry is facing the chal-lenge of strict emissions regulationscombined with pressure to reduce oper-ating costs, particularly in the area oflowering fuel consumption. These issuesare driving the demand for new tech -nologies such as ABB’s VTG provides.Highest performance combined with reliability and flexibility of ABB’s tractionturbochargers will offer substantial bene-fits to the worldwide rail markets.
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The market environment is changingfaster and faster – we will adjust ourservice offerings to the changing cus-tomer needs, without compromising on quality and safety.
Herbert MüllerService
Our thoughts on the road ahead
Our focus remains on innovative, marketspecific solutions which add true valueto the performance of our customers’business – also in changing and volatilemarkets.
Urs GribiABB Turbo Systems Ltd, Switzerland
Our energy and attention is focused on segment specific solutions to offerour customers tailored support that will meet their changing and divergingrequirements, and will deliver satis-faction.
Oliver Riemenschneider ABB Turbocharging
We embrace the challenges presentedin 2014, and moving forward we look toconquer new markets while cultivatingthe existing ones.
Rolf SchweizerProduct Group High-Speed
Our customers need market specificsolutions during the entire life cycle oftheir product. We aim to provide offer-ings that will meet operating needs and,at the same time, create competitiveadvantages for their long-term future.
Roland SchwarzProduct Group Marine Auxiliary, and ABB Turbocharging, China
We have put our efforts into better antici-pating market fluctuations, to continueand improve our flexible and adaptableofferings. We continue to pursue our mis-sion of making a real difference to theperformance of our customers’ engines.
Axel KettmannProduct Group Medium- and Low-Speed
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In a time of political, social and economicuncertainty, more fundamental than everis an overt demonstration of trustwor -thiness and accountability from all of usas organizational leaders.
Hendrik SchauermannHuman Resources
To drive further the diversity of our valuechains and to be always one step aheadregarding the future requirements of ourcustomers, our key focus will be on valuechain innovation and collaboration, goingfar beyond the traditional categories.
Maurizio BoschettiSupply and Value Chain Excellence
We are continuously pushing technolog-ical limitations to offer flexible and lead-ing edge solutions that will make a realdifference, ultimately helping our cus-tomers to achieve their business goals.
Christian RodunerTechnology
China enters “the new normal”, towardsa cleaner and more efficient economy.Our presence and offerings in Chinaneed to satisfy the change in the market.
Allan-QingZhou WangABB Jiangjin Turbo Systems Co., Ltd, China
The slow economic developmentimpacts our customers’ businessprospects. Our service and upgradesolutions offer interesting returns toequipment operators.
Darko FuxFinance and Controlling
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Organizationas of December 31, 2014
Management Team
Oliver Riemenschneider Head of Business Unit Turbocharging
Urs Gribi Head of ABB Turbo Systems Ltd
Axel Kettmann Head of Sales, Marketing and Service
Darko Fux Head of Finance and Controlling
Christian Roduner Head of Technology and Engineering
Maurizio Boschetti Head of Supply and Production
Hendrik Schauermann Head of Human Resources
Roland Schwarz Head of ABB Turbocharging China
Allan Wang Head of ABB Jiangjin Turbo Systems Co., Ltd, China
Contact
ABB Turbo Systems LtdBruggerstrasse 71 aCH-5401 Baden/SwitzerlandPhone: +41 58 585 7777Fax: +41 58 585 5144E-mail: [email protected]
www.abb.com/turbocharging
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