tiprankstipranks
The Fly

ABB to invest $120M to expand U.S. manufacturing

ABB to invest $120M to expand U.S. manufacturing

ABB (ABBNY) will invest $120M in the United States to expand the production capacity of its low voltage electrification products. The investment will enable ABB to meet increasing demand from customers in a wide range of key growth industries, including data centers, buildings and utilities. ABB expects to create 50 new jobs at a new advanced manufacturing facility in Selmer, Tennessee, and will double the size of its existing manufacturing site in Senatobia, Mississippi, creating 200 new jobs. As part of the commitment, ABB will invest $80M to build a new, 320,000 sq. ft. facility in Selmer, TN. Replacing the existing ABB Selmer operations is expected to increase production capacity by more than 50 percent. The new factory will produce essential electrical distribution equipment for large-scale industrial and technology-driven facilities, including data centers, factories and high-rise residential and office spaces where consistent, high-quality power is critical. ABB’s busway and bus plug products help businesses simplify their power distribution, supporting seamless expansion or reconfiguration without the need for extensive rewiring. The new facility, expected to open in Q4 2026, will add 50 new skilled jobs, increasing ABB’s Selmer workforce by more than 25 percent. ABB will also invest $40M to double the footprint of its Senatobia, MS, facility to meet increasing demand for advanced low voltage circuit breakers from customers across North America. ABB’s industrial circuit breakers provide the higher power reliability that is essential for data center expansion, advanced manufacturing facilities, and renewable energy microgrids. Expanding production will also support growing demand from customers across North America who are upgrading their aging power infrastructure and expanding their operations. When the new facility opens in Q2 2026, the 200 new jobs will increase the workforce in the Senatobia facility to more than 1,000.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com