ABB is a Swiss engineering group. ABB?s U.S. subsidiary is Lummus Global. Lummus made industrial boilers lined with asbestos, which can cause cancer and other diseases. Lummus filed for Chapter 11 bankruptcy protection earlier this year to give it a chance to settle its asbestos liabilities.
ABB has now resolved the asbestos claims against Lummus, which has exited bankruptcy protection, the Swiss engineering group said Friday. The reorganisation for Lummus became effective on Aug