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ABB Invests $20M to Expand Robotics Facility in Auburn Hills

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ABB Ltd is investing $20 million to increase production at its existing North American robotics headquarters and manufacturing facility in Auburn Hills, MI. The project, expected to be completed in November 2023, will create several new jobs in Michigan.

ABB has already invested $14 billion in the United States since 2010. The latest investment will benefit customers in the Americas, especially those in the electric vehicles, healthcare, packaging and logistics sectors. The expansion will cater to the increased demand for automation from several U.S. businesses looking to bring production closer to home.

Featuring the most advanced technology with AI-enabled robots and smart digital manufacturing systems, the expanded facility at Auburn Hills will support the production and manufacture of superior customer solutions.

John Bubnikovich, president of ABB United States Robotics Division, said, “Almost every aspect of the site will be upgraded to enrich our efforts to attract, retain and nurture the best automation talent, while creating a US manufacturing hub and headquarters befitting of a global leader in automation.”

By implementing the latest digital and automation technologies to manufacture next-generation robots in the United States, the investment will help streamline the delivery process and reduce lead times. The expanded facility in Auburn Hills will soon start making the majority of the robots for customers in the United States, Canada, Mexico and South America. Tasks such as screw driving, assembling and material handling will be taken over by AI-powered robotic systems.

Zacks Rank & Other Key Picks

ABB currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks within the broader Industrial Products sector are as follows:

Deere & Company (DE - Free Report) currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.

Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 7.8% in the past six months.

Ingersoll Rand (IR - Free Report) presently carries a Zacks Rank #2. The company delivered a four-quarter earnings surprise of 8.5%, on average.

Ingersoll Rand has an estimated earnings growth rate of approximately 3% for the current year. The stock has rallied 10% in the past six months.

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