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==Financial information== ==Financial information==
Alstom was listed on the London, New York and Paris Stock Exchanges when it was floated on 22 June 1998. Following the financial reconstruction in 2003 involving the French Government, the Group remains listed on the Paris Stock Exchange, but has not been listed on the London Stock Exchange since 17 November 2003, nor on the New York Stock Exchange since August 2004. Alstom was listed on the London, New York and Paris Stock Exchanges when it was floated on 22 June 1998. Following the financial reconstruction in 2003 involving the French Government, the Group remains listed on the Paris Stock Exchange, but has not been listed on the London Stock Exchange since 17 November 2003, nor on the New York Stock Exchange since August 2004.

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Whereas the direction announced a drop of orders for the 1st semester of 2013 explained by a persistent absence of major projects,<ref>http://www.usinenouvelle.com/article/les-commandes-d-alstom-plongent-de-32-au-1er-trimestre.N201988</ref> members of the French government still arguing to lead on ] <ref>http://www.lalettrea.fr/action-publique/2013/07/18/fabius-et-moscovici-se-defient-a-l-export,107969796-EVL</ref>


==History== ==History==

Revision as of 19:30, 5 December 2013

Alstom S.A.
File:Alstom.svg
Company typeSociété Anonyme
Traded asEuronext: ALO
ISINFR0010220475 Edit this on Wikidata
IndustryPower generation and transmission, transportation
Founded1928 (Alsthom)
HeadquartersLevallois-Perret, west of Paris, France
Key peoplePatrick Kron (Chairman and CEO)
ProductsEquipment, services, and installation for power generation and transmission
Trams, passenger trains, locomotives
Revenue€20.92 billion (2010/2011)
Operating income€764 million (2010/2011)
Net income€462 million (2010/2011)
Total assets€29.63 billion (March 2011)
Total equity€4.152 billion (March 2011)
Number of employees85,225 (March 2011)
Websitewww.alstom.com
File:Alstom HQ (Levallois).jpg
Alstom head office, 3 avenue André Malraux, Levallois-Perret, France.

Alstom is a large French multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2010–2011 Alstom had annual sales of over €20.9 billion, and employed more than 85,000 people in 70 countries. Alstom's headquarters are located in Levallois-Perret, west of Paris. 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 trains, 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 was listed on the London, New York and Paris Stock Exchanges when it was floated on 22 June 1998. Following the financial reconstruction in 2003 involving the French Government, the Group remains listed on the Paris Stock Exchange, but has not been listed on the London Stock Exchange since 17 November 2003, nor on the New York Stock Exchange since August 2004.

History

Year     Points of note
1928
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 first 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)
1988/9
  • Break up of Belgian electrical engineering company ACEC SA: Holding company GCEE Alsthom acquires energy division ACEC Energie SA (hydroturbines, electrical equipment for nuclear industry), and its automation division ACEC Automatisme SA. Alsthom acquires 100% of the rail transport equipment division of ACEC as ACEC Transport.
1989
  • GEC Alsthom is formed from the merger of the power and transport activities of Compagnie Générale d'Electricité (CGE) and the UK General Electric Company plc (GEC). France's market was no longer sufficient, so the merger was to enable Alsthom to export into Europe.
1994
1995
  • Outstanding shares in MAN Energie (steam turbines) are acquired
1998
  • GEC Alsthom acquired Cegelec (electrical contracting) as Alstom Power Conversion
  • 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.
  • Alstom acquires a 51% stake in Fiat Ferroviaria, the Italian rail manufacturer and world leader in tilting technology.
2003
  • Alstom supplies the highest capacity automated metro in the world to Singapore
  • In 2003 Alstom was undergoing a financial crisis due to poor sales and debt liabilities, with the potential to force the liquidation of the company; in part due to $4 billion costs due to a design flaw in the turbines of a 2000 acquisition from ABB Group, as well as collapse of customer Renaissance Cruises. Alstom's share price had dropped 90% over two years, and the company had over $5 billion of debt. Subsequently Alstom would sell several of its subsidiaries to raise funds.
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 ocean liner, to Cunard.
  • Alstom sells Alstom Power Rentals to APR LLC later becoming APR Energy LLC
  • Alstom sells the diesel locomotive manufacturer Meinfesa (Valencia, Spain) to Vossloh AG.
  • Alstom receives EU approved, French government bailout worth €2.5 billion.
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.
  • June 2006, Bouygues group acquires French government 21% holding, for €2 billion, (increased to 30% by March 2011) Later in the year, Bouygues increases its shareholding to 24%.
  • Alstom launches major clean coal technology initiative with the EU.
  • Alstom sells Alstom Power Conversion which became Converteam Group in a leveraged buy-out (LBO) deal funded by Barclays Private Equity France SAS
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, and was named Alstom Ecotècnia until April 2010, when the Ecotécnia name was dropped. The new entity legal name is Alstom Wind.
2009
2010
  • Alstom announces opening of a wind turbine assembly facility in Amarillo, Texas
  • Alstom re-acquires the Electric power transmission Division of Areva SA. (previously sold to Areva in 2004.) A new division is created called Alstom Grid.
  • Alstom opens in Chattanooga, USA, a state-of-the-art turbine manufacturing facility to address the North American power generation market
  • Alstom inaugurates new hydropower manufacturing facility in China
2011
2012
  • Alstom begins construction of factories at:
    • Sorel-Tracy, Quebec, Canada (passenger rail vehicles), in part to construct vehicles for a $1.2 billion (Canadian) order from Société de transport de Montréal awarded to Alstom/Bombardier.
    • Cherbourg (Turbine blades in association with LM Power, wind turbine towers), and at Saint-Nazaire (Nacelles and generators) to construct wind turbines, after a consortium of Alstom (Alstom Wind), EDF, and Dong Energy was awarded three French offshore wind farm contracts.
    • Ufa, Russia, joint venture with RusHydro to manufacture equipment for small and medium power hydropower plants (up to ~100MW).

Company structure, products and services

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

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 turn-key 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 turn-key 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.

Notes

  • The company supplied major equipment for 25% of the worldwide existing power plants. Recently, the group won a contract for the turn-key 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 late 2000s, Alstom won Middle Eastern contracts to the value of ~€100m for power generation equipment.
  • The Chief Executive, Patrick Kron, on behalf of Alstom Group signed a technical cooperation agreement with Taleveras Group, which is owned by a Nigerian, Igho Sanomi. "The agreement is for supplies and services for the rehabilitation and capacity expansion of the Afam power station."

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 turn-key solutions. These includes information solutions, electrification, communication systems, track laying, station utilities, as well as workshops and depots.

Turn-key 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.

Notable products includes series production of the TGV high-speed trains with over 650 trainsets sold over 25 years, as well as the AGV (Automotrice Grande Vitesse) unveiled in February 2008 and which entered service with NTV in Italy in 2012. The company also produces Citadis trams; as of 2009, over 1100 Citadis trams are in use by 28 cities including Dublin, Algiers, Barcelona, Melbourne and Paris. Since 2002, Alstom has been manufacturing the Pendolino tilting train, following the acquisition of Fiat Ferroviaria.

Alstom Grid

A third business section based on power transmission was formed on 7 June 2010 with the acquisition of the transmission business of Areva SA. The division manufactures equipment for the entire chain of electrical power transmission, including ultra-high voltage transmission lines (both AC and DC). The new sector, headquartered in France at La Défense, the business district west of Paris, has four main businesses: products (electrical equipment of the ultra-high-voltage and high-voltage electricity transmission system, 51% of sales), with world leading positions in disconnectors and instrument transformers; Systems (network management systems and big turn-key projects, 34% of sales), with a leading position in HVDC solutions (high-voltage direct current) thanks to its expertise in power electronics; Automation (sophisticated information systems for real-time management of electricity grids); and Service.

Sponsorship

Alstom who had an operational plant in Lincoln, Lincolnshire, England became official shirt sponsor of Lincoln City Football Club in 1998. The deal ended midway through the 2002–03 season when Siemens took over both the plant and the sponsorship deal.

See also

References

  1. ^ "Consolidated financial statements Year ended 31 March 2011" (PDF). Alstom. Archived from the original (PDF) on 25 July 2011.
  2. "Want to contact us?." Alstom. Retrieved on 24 September 2009.
  3. Sources:
  4. "ABB to Sell Stake in ABB Alstom Power". tdworld.com. Transmission & Distribution World. 1 May 1, 2000. {{cite web}}: Check date values in: |date= (help)
  5. "Article: Alstom Takes Over Fiat Ferroviaria". www.highbeam.com. International Railway Journal Article. 1 July 2000.
  6. "Can Alstom Get Back on Track? It's a financial wreck, and the rescue plan may not work". www.businessweek.com. Bloomberg. 21 July 2003.
  7. "French capitalism. Bull again France's state-backed rescue of Alstom is all too familiar". The Economist. 7 August 2003.
  8. Maurice Braud (22 October 2010), "Alstom rescue plan agreed", www.eurofound.europa.eu, Eurofound
  9. "EU gives Alstom bailout backing". news.bbc.co.uk. BBC NEWS. 7 July 2004.
  10. "Bouygues buys Alstom stake", www.guardian.co.uk, The Guardian, 28 April 2006
  11. "Registration Document - Full year financial review" (PDF), www.bouygues.com, Bouygues, p. 134, 2010
  12. "Converteam Annual Report 2006". www.converteam.com. Converteam. 5 May 2007.
  13. "Alstom and the Russian rail manufacturer Transmashholding sign a strategic partnership agreement". eng.tmholding.ru. 31 March 2009.
  14. "Alstom Outlines Plans for North American Wind Turbine Assembly Facility". 25 May 2010.
  15. "Alstom Acquires Areva Division for 2.3 Billion Euros (Update3)". www.businessweek.com. Bloomberg. 8 June 2010.
  16. "Alstom wants to buy former unit from Areva". www.reuters.com. Reuters. 9 March 2009.
  17. "Alstom creates a third Sector, Alstom Grid, with the acquisition of the transmission business of Areva". www.alstom.com (Press release). Alstom. 8 June 2010.
  18. "Alstom opens in Chattanooga, USA, a state-of-the-art turbine manufacturing facility to address the North American power generation market". 24 June 2010.
  19. "Alstom inaugurates new hydropower manufacturing facility in China; New carbon-neutral factory will reinforce Alstom's leading position in the Chinese hydro market". 4 November 2010.
  20. "Iraq: France's Alstom signs high-speed rail line deal". BBC News Online. 24 June 2011. Archived from the original on 27 June 2011. Retrieved 27 June 2011.
  21. Sources:
  22. Sources:
  23. "Alstom and RusHydro start work on new manufacturing plant", www.waterpowermagazine.com, 15 May 2012
  24. Alstom - Our Activities www.alstom.com
  25. "Alstom Bags EUR100m Contracts To Provide Power Generation Equipment To Middle East". http://www.constructionweekonline.com. http://www.constructionweekonline.com. 11 November 2012. {{cite web}}: External link in |publisher= and |work= (help)
  26. Theodore Opara (October 19, 2013). "Alstom partners Nigeria in infrastructural development". Vanguard.
  27. "Firms seal deal over Afam station expansion". Energy Mix Report.
  28. The creation of a third sector, Alstom Grid, opens a new development phase for Alstom www.alstom.com
  29. http://www.historicalkits.co.uk/Lincoln_City/Lincoln_City.htm

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