ABB Ltd recorded asbestos provisions of US$28 million as of June 30, 2010, compared with US$53 million as of Dec. 31, 2009, according to a Company report, on Form 6-K, filed with the Securities and Exchange Commission on July 22,…
ABB Ltd. says that the asbestos-related loss from discontinued operations, net of tax for the year ended Dec. 31, 2008 was US$31 million, according to the Company’s annual report, on Form 20-F, filed with the Securities and Exchange Commission on…
Other ABB Ltd entities (aside from Combustion Engineering, Inc. and former unit Lummus Global) face 7,500 asbestos-related claims at Dec. 31, 2008, compared with 9,500 claims at Dec. 31, 2007.
ABB entities that are subject to such claims will continue to…