ABB, the leading power and automation technology group, is opening an engineering centre in Singapore to carry out engineering of Floating Production, Storage and Offloading (FPSO) projects in the marine and oil and gas industries. ABB's investment will further strengthen Singapore's offshore ecosystem and is in line with Singapore's desire to develop as an integrated marine and offshore hub.

Building on its competence in marine and offshore systems and solutions, ABB will be bringing expertise in FPSO/Floating Storage Offloading (FSO) projects closer to customers in the expanding Asian market with the new engineering centre. ABB has expanded its Singapore presence since establishing a global Centre of Competence (CoC) for Marine Drilling Drives Systems here in 2005 with 15 engineers. The CoC now has 90 dedicated engineers, and revenue has risen more than four-fold over the last two years.