Governor McDonnell Announces ABB Inc. Investment in Halifax County
Company to invest $4.6 million; project supports retention of 140 jobs and creates 15 new jobs
RICHMOND - Governor Bob McDonnell today announced that ABB Inc., a provider of power and automation products, systems, solutions and services, will expand its operation in Halifax County. The facility manufactures liquid-cooled transformers for large utility, industrial and government users. The company plans to invest $4.6 million in two phases over the next three years for the expansion and retooling of a new and more efficient process for manufacturing its Distribution Transformers (DTR). The first phase of the investment totaling $3.0 million will begin immediately. The retention and expansion of DTR products will create 15 new jobs and preserves 140 jobs.
Speaking about today's announcement, Governor McDonnell said, "ABB Inc. is an important employer in Halifax County and in Virginia. The company employs more than 400 in Halifax, and approximately 1,000 people in its other locations in Chesterfield and Bland Counties. ABB's retention and expansion of its Distribution Transformers manufacturing division is significant for the region. The employees at the plant are valuable assets, and this project will positively impact these positions, as well as add new jobs that pay above the region's average prevailing wage. I thank the company for continuing to grow in Halifax County, and anticipate its new technology will increase profitability, competitiveness, and market share."
"ABB Inc. has been a strong corporate partner to Halifax County since it started as Westinghouse Electric Corporation in 1968, and has experienced impressive growth since that time," said Jim Cheng, Virginia Secretary of Commerce and Trade. "We are thrilled the Commonwealth of Virginia offered the pro-business environment and assistance needed to win this expansion project, and thank all of the important players involved."