Alstom
| Alstom
|
<tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;"> </td></tr>
| Type
| Public (Euronext: ALO)
|
| Founded
| 1928 (Alsthom)
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| Headquarters
| Levallois-Perret, France
|
<tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Patrick Kron, Chief Executive Officer and Chairman</td></tr><tr class="note"><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Manufacturing</td></tr><tr class="note"><th style="text-align:right; padding-right:0.75em;">Products</th><td>Equipment and services for power generation and rail transport</td></tr><tr><th style="text-align:right; padding-right:0.75em;">
Revenue</th><td>€ 13.413 billion (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Employees</th><td>65,000</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Website</th><td>www.alstom.com</td></tr>
Alstom (formerly GEC-Alsthom) (Euronext: ALO) is a large French company whose businesses are power generation, railway signalling; and manufacturing trains (e.g. the TGV and Eurostar as well as Citadis trams) and the world's largest ships (e.g. Normandie and the Queen Mary 2). According to the company website, in the year 2004/05 Alstom had annual sales of over €13.7 billion, and employed more than 69,000 people in over 70 countries. Its headquarters are located in Levallois-Perret, near Paris.
The current CEO is Patrick Kron, who succeeded Pierre Bilger.
[edit] Financial information
Alstom has been listed on the Paris Stock Exchange since June 22 1998. The Group has not been listed on the London Stock Exchange since November 17 2003, nor on the New York Stock Exchange since August 2004. When the markets closed on December 31 2005, its market capitalization was € 6.7 billion. Market capitalization as of March 9 2007 was € 13.6 billion.
[edit] History
The name of the company derives from the French region of Alsace and the surname of the engineer Elihu Thomson.
[edit] Alsthom
It was formed in 1928 from three companies: Société Alsacienne de Construction Mécanique, Compagnie Générale d'Electricité (CGE) and Thomson Houston.
[edit] GEC Alsthom
It was formed in 1988 from the heavy engineering interests of Britain's GEC and Compagnie Générale d'Electricité's Alsthom division as GEC Alsthom. In 1991 CGE adopted the name Alcatel Alsthom and in 1998 this became simply Alcatel. In 1989 the company acquired the railway interests of Metro Cammell, and maintained train production at its Birmingham plant until 2005. Today Alstom's heavy rail interests in the UK are limited to various maintenance facilities up and down the railway network.
[edit] Alstom
In December 1997, GEC Alsthom had its initial public offering as Alstom. GEC and Alcatel maintained 24% shares in the new company. Shares were initially at a price roughly equivalent to 32 euros.
In 1998, Alstom acquired railway signaling companies in Italy (Sasib Railways) and the United States (General Railway Signal) from their Italian parent company Sasib.
Between January and February 2001 Marconi plc (the renamed GEC) sold 76.4% of its 24% share. The remaining 5.67% share was sold in June. In 2001, Alcatel also sold its 24% stake. The share price fell steeply following the September 11, 2001 attacks when a number of cruise liner orders failed. On March 12 2003, shares dipped 50 per cent in one day, and finished at 1.36 euros. At this point it was announced that the most profitable division of the company would be sold off: its power transmission interests. In January 2004 these were transferred to Areva.
In 2003, Alstom purchased Telecite, a passenger information company in Montreal, Quebec in Canada.
In January 2006, the sale of Alstom shipyards to Aker Yards ASA (a part of the Norwegian Aker group) was announced. The transaction was completed on May 5 2006. A new company consisting of Alstom's shipyards in Saint-Nazaire and Lorient was established under the name of Aker Yards SA. Aker Yards owns 75% of Aker Yards SA, and ALSTOM the remaining 25% until 2010.
In March 2006 the Power Conversion Business, formerly Alstom Power Conversion (APC), was bought by Barclays Private Equity France (BPEF). The Power Conversion Business, which deals in projects and hardware to convert electrical power to mechanical movement, now trades as Converteam.
The U.S. headquarters for Alstom Power is located on Day Hill Road in Windsor, Connecticut at the former location of Combustion Engineering. The Country President is Tim Curran.
[edit] Products
Alstom's products include:
Passenger Rail Vehicles
Railway Signalling Equipment
Shipbuilding — Alstom Marine (Chantiers de l'Atlantique)
Power business
- Turnkey power plants,
- Boiler,
- Gas turbines,
- Steam turbines,
- Steam turbine retrofits,
- Generators,
- Environmental Control Systems (Air pollution control systems, filters etc) for the power industry and various other industries.
Power conversion business
[edit] Rail clients
[edit] Power clients
- Various electric suppliers, transmission and distribution companies around the world
[edit] See also
[edit] External links
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