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The Swiss multinational engineering group ABB is halting its work in
Sudan because of the country's increasing political and social
instability.
The company, which insisted last year that it would not pull out over human rights concerns (EP8, issue 3, p2), believes it is now too risky to stay, but promises to continue to support social projects in Sudan.
ABB said: 'In view of a number of political, legislative and economic factors we have decided to suspend our business activities in Sudan ... We will resume business once we believe the conditions are appropriate.'
The Zurich-based company has been under pressure from investors and campaigners, and also several US states, to end its Sudan involvement, but argues that it aids the country through social projects. ABB supplies power transmission and distribution equipment there, and also instrumentation for an oilfield. In 2005 its income in Sudan accounted for only $20million (£10.3m) of its $22billion revenue.
The company, which insisted last year that it would not pull out over human rights concerns (EP8, issue 3, p2), believes it is now too risky to stay, but promises to continue to support social projects in Sudan.
ABB said: 'In view of a number of political, legislative and economic factors we have decided to suspend our business activities in Sudan ... We will resume business once we believe the conditions are appropriate.'
The Zurich-based company has been under pressure from investors and campaigners, and also several US states, to end its Sudan involvement, but argues that it aids the country through social projects. ABB supplies power transmission and distribution equipment there, and also instrumentation for an oilfield. In 2005 its income in Sudan accounted for only $20million (£10.3m) of its $22billion revenue.
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