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(Redirected from Alsthom)
'Alstom' (formerly 'GEC-Alsthom') () is a large French multinational conglomerate 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 years 2006/07 Alstom, had annual sales of over €14 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.
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.
The name of the company derives from the region of Alsace and the surname of the engineer Elihu Thomson.
It was formed in 1928 from three companies: Société Alsacienne de Construction Mécanique, Compagnie Générale d'Electricité (CGE) and Thomson Houston.
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 GEC 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.
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.
At the same time, a number of problems became apparent in the new generation of gas turbines, G24 and G26, Alstom installed around the turn of the century. The financial liability for repairing these problems caused Alstom became financially insolvent. 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.
Alstom's products include:
★ Amtrak California passenger cars
★ Coradia and Adelante trains
★ Bay Area Rapid Transit (BART) C (C1) cars
★ Citadis trams
★ Chicago Chicago Transit Authority trains
★ Metropolis Urban trains
★ Indian Railways LHB passenger coaches
★ Israel Railways JT42BW and JT42CW locomotives
★ Korail EL 8000 locomotive
★ Korail KTX (TGV Corèe) High-speed passenger cars
★ London Underground 1995 and 1996 stock
★ New Jersey Transit Rail Comet V passenger cars and PL42AC locomotives
★ New York City Transit R160A cars
★ Pendolino trains
★ Prima diesel and electric locomotives
★ SNCF electric locomotives.
★ TGV high-speed trains
★ Various metro trains
★ X'Trapolis Suburban trains
★ X60 Train Suburban trains
★ 4th generation S-trains Suburban trains
★ NS Class 1600/1800
★ NS Class 1700
★ Control Centers
★ Interlocking Equipment
★ Signals
★ Switch/Point Machines
★ Track Circuits
===Shipbuilding — Alstom Marine (Chantiers de l'Atlantique)===
★ The Queen Mary 2
★ Boiler
★ Environmental Control Systems (Air pollution control systems, filters etc) for the power industry and various other industries
★ Gas turbines
★ Generators
★ Steam turbines
★ Steam turbine retrofits
★ Turnkey power plants
★ Variable-speed drives
★ Programmable logic controllers
★ Amtrak
★ Amtrak California
★ China Ministry of Railways
★ Connex Melbourne
★ CP
★ E.On
★ Indian Railways
★ KCRC
★ London Underground
★ Luas
★ MARTA
★ MTA New York
★ MTR
★ New Jersey Transit
★ RATP
★ SBS Transit
★ Sao Paulo Metro
★ SEPTA
★ SNCF
★ SMRT Corporation
★ SJ
★ Storstockholms Lokaltrafik
★ STM
★ Taipei Metro
★ Vattenfall
★ VIA Rail
★ WMATA
★ Various electric suppliers, transmission and distribution companies around the world
★ List of French companies
★ List of locomotive builders
★ General Railway Signal
★ Company website
★ Alstom Power Sector
★ Alstom Power Service Sector
★ Alstom Transport Sector
'Alstom' (formerly 'GEC-Alsthom') () is a large French multinational conglomerate 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 years 2006/07 Alstom, had annual sales of over €14 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.
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.
History
The name of the company derives from the region of Alsace and the surname of the engineer Elihu Thomson.
Alsthom
It was formed in 1928 from three companies: Société Alsacienne de Construction Mécanique, Compagnie Générale d'Electricité (CGE) and Thomson Houston.
The old GEC Alsthom Logo.
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 GEC 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.
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.
At the same time, a number of problems became apparent in the new generation of gas turbines, G24 and G26, Alstom installed around the turn of the century. The financial liability for repairing these problems caused Alstom became financially insolvent. 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.
Products
Alstom's products include:
Passenger Rail Vehicles
★ Amtrak California passenger cars
★ Coradia and Adelante trains
★ Bay Area Rapid Transit (BART) C (C1) cars
★ Citadis trams
★ Chicago Chicago Transit Authority trains
★ Metropolis Urban trains
★ Indian Railways LHB passenger coaches
★ Israel Railways JT42BW and JT42CW locomotives
★ Korail EL 8000 locomotive
★ Korail KTX (TGV Corèe) High-speed passenger cars
★ London Underground 1995 and 1996 stock
★ New Jersey Transit Rail Comet V passenger cars and PL42AC locomotives
★ New York City Transit R160A cars
★ Pendolino trains
★ Prima diesel and electric locomotives
★ SNCF electric locomotives.
★ TGV high-speed trains
★ Various metro trains
★ X'Trapolis Suburban trains
★ X60 Train Suburban trains
★ 4th generation S-trains Suburban trains
★ NS Class 1600/1800
★ NS Class 1700
Railway Signalling Equipment
★ Control Centers
★ Interlocking Equipment
★ Signals
★ Switch/Point Machines
★ Track Circuits
===Shipbuilding — Alstom Marine (Chantiers de l'Atlantique)===
★ The Queen Mary 2
Power business
★ Boiler
★ Environmental Control Systems (Air pollution control systems, filters etc) for the power industry and various other industries
★ Gas turbines
★ Generators
★ Steam turbines
★ Steam turbine retrofits
★ Turnkey power plants
Power conversion business
★ Variable-speed drives
★ Programmable logic controllers
Rail clients
★ Amtrak
★ Amtrak California
★ China Ministry of Railways
★ Connex Melbourne
★ CP
★ E.On
★ Indian Railways
★ KCRC
★ London Underground
★ Luas
★ MARTA
★ MTA New York
★ MTR
★ New Jersey Transit
★ RATP
★ SBS Transit
★ Sao Paulo Metro
★ SEPTA
★ SNCF
★ SMRT Corporation
★ SJ
★ Storstockholms Lokaltrafik
★ STM
★ Taipei Metro
★ Vattenfall
★ VIA Rail
★ WMATA
Power clients
★ Various electric suppliers, transmission and distribution companies around the world
See also
★ List of French companies
★ List of locomotive builders
★ General Railway Signal
External links
★ Company website
★ Alstom Power Sector
★ Alstom Power Service Sector
★ Alstom Transport Sector
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