Alstom (ALO-FR)

QUOTE AND NEWS
Financial Times  May 20  Comment 
Europe fears sale could distort competition in gas turbine market
Wall Street Journal  May 20  Comment 
GE said it would be willing to sell off intellectual property to secure regulatory approval for its $17 billion deal for Alstom’s power business.
Biomass Magazine  May 19  Comment 
Alstom has signed its third contract this year with Burmeister & Wain Scandinavian Contractor, the Danish power plant specialist, for a geared reaction steam turbine (GRT) at the proposed Tilbury biomass project.
The Hindu Business Line  May 19  Comment 
Fair trade regulator Competition Commission of India (CCI) has approved the acquisition of Alstom’s India assets by General Electric as part of global deal. In a filing to the BSE today,...
The Hindu Business Line  May 18  Comment 
Public sector agencies have to revamp their procurement policies to be more cost-efficient, said Bharat Salhotra, Managing Director of Alstom Transport (India & South Asia).They end...
TheStreet.com  May 12  Comment 
NEW YORK (TheStreet) -- Shares of General Electric Co  are lower by 0.56% to $26.77 in early market trading Tuesday, as European Union antitrust regulators resume their investigation into the company's $13.97 billion plan to buy most of...
New York Times  May 12  Comment 
The European Commission has asked G.E. for more information on the proposed agreement, adding to concerns that it is prepared to block it.
The Hindu Business Line  May 12  Comment 
Alstom T&D India has been awarded a contract worth approximately Rs 226 crore by Power Grid Corporation of India Ltd (PowerGrid) to supply two gas-insulated substations (GIS). The su...
Yahoo  May 11  Comment 
NEW YORK/BRUSSELS (Reuters) - General Electric Co (GE.N) said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France's Alstom (ALSO.PA). "We are...




 
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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 76,000 people in 70 countries.
  • Global 500 (2008) rank : 338
Alstom's headquarters are located in Levallois-Perret, near Paris.
CEO: Patrick Kron
Activities on official website: http://www.alstom.com/home/activities

Financial year 2007-2008

In financial year 2007/08, Alstom's Power Systems Sector booked:

  • a record 38 gas turbines, including 18 GT26.
  • a major contract for steam turbines and generators in a coal power plant in South Africa.
  • an order for four conventional islands in Chinese nuclear power plants.
  • several hydro projects in Brazil, China, Vietnam and Uganda.

Alstom's Power Service Sector signed:

  • 10 operation and maintenance contracts (mainly for gas-fired power plants)
  • many small and medium sized orders, notably in Europe and USA.

Alstom's Transport Sector achieved orders including:

  • a major contract for very high speed trains in France.
  • Pendolino high speed trains for the Helsinki - St Petersbourg line.
  • metros in New York and several other cities.
  • tramways in Dublin and Rotterdam
  • regional and suburban trains in Spain, Australia and Germany
  • a signalling system in Belgium
  • a maintenance contract in the UK.

2009

source Bloomberg Feb,9

The engineering group and its partners won a 6.8 billion-riyal ($1.8 billion) contract to build a 444- kilometer (276-mile) railway in Saudi Arabia, Saudi Gazette reported. The shares gained 2.28 euros, or 5.3 percent, to 44.64 euros.

source China Daily, Feb 10

Alstom will continue technology transfer to China and strengthen its presence in the country, which potentially boasts the world's largest market for infrastructure building.Technology transfer has been a key part of Alstom's strategy. It usually forms consortiums with local partners when bidding for projects in overseas markets.

Competitors

  • Siemens_AG_(SI)
  • Bombardier_(BBD-T)
  • Ansaldobreda (company based in Pistoia and Naples, Italy and responsible for designing and manufacturing railway and mass transit vehicles)

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