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ABB lowers growth outlook amid China slowdown

2015-09-09 09:34:09| Electronics - Topix.net

ABB Ltd. on Wednesday lowered its five-year growth outlook and launched a big reorganization of its business as the power and automation giant said it faced slower global growth, including in China. Zurich-based ABB, the world's largest maker of power grids, cut its annual revenue growth target to 3% to 6% between 2015 and 2020 from 4% to 7% previously.

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