By Reuters
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ZURICH - ABB is aiming to increase sales at its motion business 50% quicker than the overall market for electric motors, the Swiss engineering company said on Tuesday ahead of its investor day for the division.
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The business, which makes motors and drives, is targeting faster growth by offering more variable speed drives which save energy.
Currently only 23% of the world's 300 million industrial electrical motors have variable speed drives, which consume less energy and are more environmentally friendly, ABB said.
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