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Alstom

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Alstom S.A.
Company typeSociété Anonyme (Euronext: ALO)
ISINFR0010220475 Edit this on Wikidata
IndustryEngineering, manufacturing, technologies and transport
Founded1928 (Alsthom)
HeadquartersLevallois-Perret, France
Key people
Patrick Kron (Chairman and CEO)
ProductsEquipment and services for power generation and transport
Revenue€19.65 billion (year - Mar 2010)[1]
€1.779 billion (yr - Mar 2010)[1]
€1.217 billion (yr - Mar 2010)[1]
Total assets28,566,000,000 Euro (2021) Edit this on Wikidata
Number of employees
68,860 (Mar 2010)[1]
Websitewww.alstom.com

Alstom (Euronext: ALO) is a large French multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2007-'08 Alstom had annual sales of over €16.9 billion, and employed more than 81,500 people in 70 countries. Alstom's headquarters are located in Levallois-Perret, near Paris.[2] Its current CEO is Patrick Kron.

Alstom is active in the field of hydroelectric power generation; in conventional islands for nuclear power plants; and in environmental control systems. It is also the manufacturer of the AGV, TGV, and Eurostar series, as well as of Citadis trams. Alstom is also present in the urban transport market, and is behind regional train models, signalling infrastructure equipment, and a number of associated services.

Financial information

Alstom has been listed on the Paris Stock Exchange since 22 June 1998. The Group has not been listed on the London Stock Exchange since the 17 November 2003, not on the New York Stock Exchange since August 2004.

History

Year
    Points of note
1928
  • The beginning of Alsthom was from the merger of Thomson-Houston and Société Alsacienne de Constructions Mécaniques (SACM), with its 1st factory in Belfort.
1932
  • Alsthom acquires Constructions Electriques de France, Tarbes, a manufacturer of electric locomotives as well as electrical and hydraulic equipment. Transport thus becomes a part of Alsthom
1969
  • Compagnie Générale d'Electricité (CGE) becomes majority shareholder of Alsthom
1976
1977
  • Alsthom constructs the 1st 1300MW generator set for the Paluel power station which set a world record with an output of 1500 MW.
1978
  • The first TGV is delivered to SNCF. The TGV went on to break world rail speed records in 1981 (380 km/h) and 1990 (515.3 km/h), and achieved the world endurance record for high speed train lines in 2001, travelling from Calais to Marseille (1067.2 km) in 3 hours and 29 mins.
1986
  • The Alsthom Belfort site receives an order from EDF for the largest gas turbine in the world (212MW)
1989
  • GEC ALSTHOM is formed from the merger of the power and transport activities of Compagnie Générale d'Electricité (CGE) and the UK GEC. France’s market was no longer sufficient, so the merger was to enable ALSTHOM to export into Europe.
1994
  • LHB Salzgitter joins GEC Alsthom
1995
  • Outstanding shares in MAN Energie (steam turbines) are acquired
1998
  • GEC Alsthom acquired Cegelec (electrical contracting)
  • June: the Group is introduced on to the Paris Stock Exchange and changes its name from GEC ALSTHOM to ALSTOM. GEC and Alcatel sell off part of their stakes in the capital (23.6% each).
1998
1999
  • ALSTOM acquires the Canadian Télécité Inc., a worldwide Centre of Excellence in passenger information and security solutions ALSTOM and ABB merge their energy businesses in a 50-50 joint company known as ABB ALSTOM POWER.
  • ALSTOM sells its heavy duty gas turbine business to General Electric.
2000
  • ALSTOM acquires ABB’s share in ABB ALSTOM POWER.[3]
  • ALSTOM acquires a 51% stake in Fiat Ferroviaria, the Italian rail manufacturer and world leader in tilting technology.[4]
2003
  • ALSTOM supplies the highest capacity automated metro in the world to Singapore
2004
  • January: ALSTOM sells its T&D activities to Areva.
  • The French State takes up a 21% stake in ALSTOM’s capital to support the recovery of the company.
  • ALSTOM delivers the Queen Mary 2, the world’s largest cruise liner, to Cunard.
  • ALSTOM sells ALSTOM Power Rentals to APR LLC later becoming APR Energy LLC
  • ALSTOM sells the diesel locomotive manufacturer formerly known as Meinfesa (in Valencia, Spain) to Vossloh AG.
2005/2006
  • GT 24/26 turbines achieve 1.5 million operating hours and major sales to countries such as Italy, Germany, Spain and Thailand demonstrating the Group’s return to the gas turbine market with a technologically advanced product.
2006
  • ALSTOM sells its Marine Division to the Norwegian group Aker Yards. ALSTOM commits itself to keeping 25% of the shares until 2010.
  • On 27 April, ALSTOM signs a cooperation framework agreement with Bouygues, the French conglomerate, for the purchase of the 21% stake in ALSTOM that the French government held. Later in the year, Bouygues increase its shareholding to 24%.
  • ALSTOM launches major clean coal technology initiative with the EU.
2007
  • Following a new Graphic Chart, the Group name is now written "Alstom", with the exception of the legal entities which are written with ALSTOM in capitals, e.g. ALSTOM S.A.
  • April: on a test run in France, TGV Est set the world speed record for rail vehicles of 574.8 km/h
  • 25 June: Acquired the Spanish wind turbine manufacturer Ecotècnia, now Alstom Ecotècnia
2009
2010
  • Alstom re-acquires the Transmission Division of Areva T&D (The T of the T&D) that was previously sold to Areva in 2004 and creates a new division called Alstom Grid

Company structure, products and services

Alstom operates in three main business areas: Power generation, Rail transport, and Transmission.[6]

Power generation

Alstom power activities include the design, manufacturing, services and supply of products and systems for the power generation sector and industrial markets. The group covers all energy sources - gas, coal, nuclear, hydro, wind. Alstom supplies and maintains all components of a power plant and provides complete turnkey solutions. During the financial year 2007/08, Alstom Power sales amounted to 11.4 billion euros.

The company provides components for power generation : Boilers, steam turbines and gas turbines, wind Turbines, generators, air quality control systems and monitoring and control systems for power plants, as well as related products.

Additionally the company provides turnkey solutions for the construction and operation of gas-fired, coal fired and hydroelectric power plants, conventional islands for nuclear power plants, and wind farms

The company also provides a variety of services including product retrofitting for nuclear and fossil steam turbines and refurbishment of existing power plants, maintenance as well as servicing under long term agreements for Alstom, GE and Siemens gas turbines.

References
  • The company supplied major equipment for 25% of the worldwide existing power plants. Recently, the group won a contract for the turnkey construction of two coal-fired power plants in South Africa.
  • In France, Alstom is currently providing the "conventional island" (turbogenerator unit) of Flamanville 3, the third generation of nuclear power plants.
  • The group participated in the largest hydropower projects in the world like the Three Gorges Dam in China and Itaipu in Brazil and Paraguay.
  • In May 2008, the company signed a frame agreement with Iberdrola to supply around 300MW of wind turbines.
  • In the emirate of Fujairah (United Arab Emirates), an Alstom-led consortium won a contract to build a 2,000 MW gas-fired power and desalination plant including a long term maintenance contract.
  • In the recent times, Alstom has won contracts worth approximately EUR100m in the Middle East in the field of power generation equipment.[7]

Transport

Alstom Transport develops and markets a complete range of systems, equipment and service in the railway industry. With a market share of 18% and sales of 5.3 billion euros, the company is number 1 in very high-speed trains, number 2 in tramways and metros, and is among the leaders for electrical and diesel trains, information systems, traction systems, power supply systems and track work. Alstom Transport is present in 60 countries with 26,000 employees.

Alstom's product range includes high and very high speed trains, trams, metros, commuter and intercity trains, as well as tilting trains and locomotives. The company also operates in the rail infrastructure market, designing, producing and installing infrastructure for the rail network to upgrade safety and performance of existing networks, or as part of new turnkey solutions. These includes information solutions, electrification, communication systems, track laying, station utilities and workshops & depots.

Turnkey systems for light rail systems including tramways with or without electric overhead lines, metro systems and air-rail links (traditional and automatic) are also supplied.

Maintenance, rebuilding and renovation services are also provided by the company.

Rolling stock

Grid (Transmission)

A third business section based on power transmission was formed on 7 June 2010 with the acquisition of the transmission business of Areva T&D.[8] The division manufactures equipment for the entire chain of electrical power tranmission, including ultra-high voltage transmission lines (both AC and DC).

Competitors

Corruption Investigations

On December 8, 2005 Mexican authorities (Secretaría de la Función Pública) imposed a 27,000 USD penalty and disqualified Alstom from obtaining contracts from the federal government for two years after it was revealed that the company had made deposits to the overseas accounts to the Director General and Deputy Director in order to win contracts worth 2.8 million USD. [1][2][3]

May 6, 2008 French authorities investigated Alstom after the Wall Street Journal reported that the company had paid hundreds of million dollars in bribes to win contracts in Asia and South America between 1995 and 2003. French authorities said the investigation was the result of information provided by the Swiss Government in May 2007.[4]

Alstom at the time denied it was even under investigation for bribery in reference to South American and Asian contracts. In one case, the WSJ alleges that Swiss and Brazilian police coordinated in order to discuss suspicions that Alstom paid $6.8m (£3.5m) to win a $45m contract to expand São PItalic textaulo's underground network.[5]

August 22, 2008 Swiss police carried out a series of house searches at various locations throughout Switzerland, including the offices of the Alstom AG in Baden, the Swiss government said in a statement.[6]

On Wednesday the 24th March 2010 three directors were arrested in a UK corruption probe by the Serious Fraud Office. The arrests followed a raid on Alstom offices in Ashby de la Zouch and Rugby UK. The SFO released a statement stating it believed bribes had been paid in order to win foreign contracts.[7]

Jerusalem light rail controversy

See also: Jerusalem Light Rail

Alstom's participation in the construction of the Jerusalem Light Rail System brought criticism from some shareholders and investors; Swedish pension fund AP7 and the Dutch ASN Bank excluded Alstom from their investments due to the route of the rail project passing through the contentious occupied territories captured by Israel in the Six-Day War.[9]

See also

References

  1. ^ a b c d "Annual Results 2009/2010" (PDF). Alstom. Retrieved 16 May 2010.
  2. ^ "Want to contact us?." Alstom. Retrieved on 24 September 2009.
  3. ^ http://tdworld.com/mag/power_abb_sell_stake/
  4. ^ http://www.transport.alstom.com/pr_transp_v2/2000/31827.EN.php?languageId=EN&dir=/pr_transp_v2/2000/&idRubriqueCourante=13931
  5. ^ "Alstom and the Russian rail manufacturer Transmashholding sign a strategic partnership agreement". eng.tmholding.ru. 31 March 2009.
  6. ^ Alstom - Our Activities www.alstom.com
  7. ^ http://fossilfuel.energy-business-review.com/news/alstom_bags_eur100m_contracts_to_provide_power_generation_equipment_to_middle_east_091027/ Alstom wins a contract worth Euros100m
  8. ^ The creation of a third sector, Alstom Grid, opens a new development phase for Alstom www.alstom.com
  9. ^ Adri Nieuwhof (24 March 2009). "Divestment campaign gains momentum in Europe". electronicintifada.net.

External links

Wikimedia Commons has media related to Alstom.
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