Stable profitiability - FCF imapcted by project profiles and downpayments :
Ambitious cost saving programme accelerated
Strategic mobility to be enhanced through asset sales
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Alstom Transport is China’s market leader in high speed trains, trains, metro, signalling and traction systems.
Working with local partners, Alstom’s technological expertise has equipped many prestigious power projects.
Alstom has been a dedicated partner of China’s rail transport, power and transmission industry for 50 years.
Localised manufacturing and innovation in China is a key priority in Alstom Grid’s global strategy.
China is a key market for Alstom, with around 10,000 employes, in about 30 sites and units all over the country.
Alstom’s global cutting-edge technology has marked an additional milestone. Wall bushings of 800 kV and 400 kV have been successfully manufactured and delivered to State Grid Corporation of China (SGCC), one of China’s main electrical utilities. The units have been designed for China Xiloudu-Zhexi 800 kV Ultra High Voltage Current (UHVDC) transmission line and are already in operation.
Between 1 April 2013 and 31 March 2014, Alstom booked €21.5 billion of orders, down 10% compared to last year. Sales, at €20.3 billion, showed a 4% organic growth compared to last year. Income from operations amounted to €1,424 million, down 3%, with a 7% operating margin.
Alstom was recently given an Excellent Supplier award by the China Three Gorges Corporation- in recognition of the company’s outstanding performance in contract execution, excellent quality and on-time delivery of hydro turbine generator units and auxiliary equipment for the Xiangjiaba Hydro Power Plant.
Alstom was recently given an Excellent Supplier award by the China Three Gorges Corporation- in recognition of the company’s outstanding performance in contract execution, excellent quality and on-time delivery of hydro turbine generator units and auxiliary equipment for the Xiangjiaba Hydro Power Plant.
The latest GT13E2 gas turbine has been successfully synchronized to the grid in open cycle mode at the Shenzhen Nantian Electric Power Company’s combined cycle power plant in Guangdong Province, China. The plant in combined-cycle mode is scheduled to enter commercial operation in April 2014.
Alstom has recently signed a strategic cooperation agreement (SCA) with China Energy Engineering Group Co., Ltd. (Energy China) to tap the growing international market in thermal and renewable energy segments.
Alstom and China Datang Corporation (CDT) finalized a strategic cooperation agreement during Chinese President Xi Jinping's visit to France, at an economic forum on Franco-Chinese relations in Paris, to form a long-term partnership supporting CDT’s future power infrastructure projects in China and around the world.
Alstom showcased its industry-leading hazard waste management approach recently at Shijingshan Waste Hazard Communication Meeting. The Meeting, organized by Shijingshan Environment Bureau, was successfully held at Alstom Beizhong Power (Beijing) Co. Ltd. (ABP) site.
Alstom and the City University of Hong Kong (CityU) signed today a Framework Agreement on Establishing Strategic Alliance on Advanced Open Systems for Smart Cities, in presence of Ronan Stephan, Group Chief Innovation Officer of Alstom and Professor Way KUO, President and University Distinguished Professor of City University of Hong Kong.
2013 saw a successful year for Alstom in China with confirmation of the Final Acceptance Certificate for Ling Ao Unit 4 by CNPEC. The warranty period for Ling Ao II – encompassing Units 3 and 4 – was thus successfully completed with the plant operating at full capacity and above guaranteed values.
Alstom, together with The First Northeast Electric Power Engineering Co. of China Engineering Group (NEPC), has signed a contract to supply Filinvest Development Corp Utilities Inc’s (FDC) with equipment for the 405MW Circulating Fluidized Bed Power Plant located at Phividec Industrial Estate located in Misamis Oriental, Philippines.
Alstom was awarded a contract by China’s Sinohydro Corporation Limited to provide electromechanical equipment and technical services to its Soubre Hydropower Project in Ivory Coast in Africa.
Alstom and its local joint venture Satee have been awarded two contracts worth a total of €75 million to supply new traction equipment for more than 550 cars due to operate on Chengdu metro lines 3 and 4 and Xi’an metro line 3 from 2015.
Alstom has been awarded a contract by MTR Corporation Limited, Hong Kong’s metro network operator, to build, install, test and put into service a 22 km-long track, which includes 6 km of depot and sidings, and a 25kV overhead line (including the catenary system) for the city’s new Shatin-Central Link. The contract value for Alstom is approximately €41 million. The project is scheduled to be completed in 2018.
Alstom Grid in China has successfully commissioned its highest-rated generator transformer after completing all on-site tests.
Alstom sets a high-speed record in Poland reaching 293 km/h while conducting tests on its Pendolino train on the Gora Wlodowska - Psary line north-west of Krakow. The record was reached as Alstom was conducting tests in the presence and in partnership with its customer, Polish operator PKP Intercity.
Alstom has just completed this week-end the seaside installation of its new-generation offshore wind turbine, the 6-MW Haliade™ 150, off Ostend harbour at the Belwind site in Belgium.
Stable profitability - FCF impacted by project profiles and downpayments : Ambitious cost saving programme accelerated / Strategic mobility to be enhanced through asset sales / Guidance maintained
PRASA (Passenger Rail Agency of South Africa) signed today a contract with Gibela - a joint venture led by Alstom to supply 600 passenger trains (3 600 coaches) to be delivered between 2015 and 2025. The contract is worth R51 billion and includes the construction of a local manufacturing facility.
Alstom’s largest hydropower industrial site was inaugurated in Tianjin, China on September 17, 2013 in the presence of Patrick Kron, Chairman and CEO of Alstom, and Jérôme Pécresse, President of Alstom’s Renewable Power Sector.
All four units manufactured by Alstom for China’s Xiangjiaba underground hydro power plant have now successfully entered commercial operation. These 800 MW class units coupled with a 889 MVA generator are the most powerful hydroelectric generating units in the world
Alstom has signed today a cooperation agreement with China's Dongfang Electric Corporation (DEC) on the supply of turbine & generator packages for future Chinese AP1000 nuclear power projects. Patrick Kron, Chairman and Chief Executive of Alstom and Wang Ji, Chairman of DEC formalised the agreement at a ceremony in the city of Chengdu.
Alstom has signed a long term agreement to license its GT13E2 gas turbine for manufacture, assembly and sales in China through the Harbin Turbine Corporation (HTC).
Alstom's commitment to delivering cleaner energy across the world has saved more than the equivalent of three times Austria's annual emissions over the last decade, new figures show.
Alstom Grid and Intel today signed a global agreement to combine expertise and work together on solutions and technologies for smart grids and smart cities. The focus will be on embedded intelligence and IT systems security to facilitate a fast roll-out of new architectures for future grids. The deal is the fruit of three years’ close collaboration on projects.
Paris, 30 May 2013. EDF Energies Nouvelles and wpd offshore, two key players in European offshore wind energy, have announced the signing of a partnership agreement.
Alstom participates in the 10th China International Exhibition Nuclear Power Industry (CIENPI) from 23rd to 25th May, 2013, in Shanghai to present our proven technology, leading expertise and strong capability in nuclear power generation, as well as our long-term commitment to China nuclear power development.
Alstom and its local joint venture, Shanghai Alstom Transport Electrical Equipment Co., Ltd. (SATEE), have been awarded a contract by Nanjing Metro Group to provide traction systems and associated services to the Nanjing Metro line 4 phase I project. The contract value is approximately €28 million. The Nanjing Metro Line 4 is expected to be put into commercial operation in October 2015.
Between 1 April 2012 and 31 March 2013, Alstom booked €23.8 billion of orders, up 10% compared to last year. As announced, the group achieved a strong level of orders in the fourth quarter at €6.6 billion, leading to a book-to-bill above 1 for the 10th consecutive quarter.
Alstom is going to participate to the 2013 China (Shanghai) International Technology Trade Fair, showcasing strong innovation and cutting-edge offering in power generation, urban rail transportation and power transmission sectors.
Alstom Hydro China (AHC) announced the launch of “Alstom Forest” Project in Tianjin today. A total of 800 trees will be planted at the Tianjin Airport Economic Zone. Representatives from Tianjin Municipal Commission of Development and Reform, Tianjin Airport Economic Zone, AHC and Global Village of Beijing (GVB) jointly inaugurated the “Alstom Forest”. This is part of AHC’s comprehensive environmental and social responsibility programme called “Tree Saving, Life Protection”.
Alstom has been selected to refurbish four steam turbine generator units, with an approximate power capacity of 900 MW each, for Ontario Power Generation’s (OPG) 3,512 MW Darlington power plant (Darlington).
Two of the transformers manufactured by Alstom Grid’s Wuhan factory (China) in the frame of Brazil’s Rio Madeira transmission line contract have arrived at the Porto Velho substation in north-west Brazil. The total journey of the transformers from Wuhan to Porto Velho took around 70 days with stops in Shanghai (China), Manaus (Brazil) and Porto Velho.
Alstom has signed a contract with Harbin Turbine Company Limited (HTC) to supply two sets of GT13E2 gas turbine generators for Huaneng Power International’s (HPI) Suzhou combined heat and power plant. This is Alstom’s third gas turbine order awarded by HTC over the last nine months.
When Patrick Kron is appointed Chairman & CEO of Alstom, he takes the helm of a company in a critical situation, whose very survival is at stake. The drastic decisions which will be taken and the considerable efforts implemented in the following years will have a profound effect on Alstom.
Alstom’s Thermal Services business has recently inaugurated its Switched Integrated Rectifier (SIR) manufacturing site in Beijing. With this facility Alstom aims to support Chinese power and industrial operators to meet the new emission regulations and reduce pollution. Alstom reinforces its presence in the thermal services market in China by local production of SIR 4 – the fourth generation of SIR in the country.
Alstom has inaugurated its new Mobile Precision Workshop facility in Tianjin, China. Operated by Alstom Thermal Services China (TSCN) the Workshop aims to meet the increasing needs of customers across China by providing on-site and superior quality repair services in maintaining large steam turbines, generators and related equipment at customer premises on a very short notice.
Alstom Grid has achieved the best performance ever seen in a High Voltage Direct Current (HVDC) circuit breaker while testing a prototype at Alstom’s testing facility in Villeurbanne, France, in presence of an independent expert. In less than 2.5 milliseconds , the HVDC circuit breaker interrupted currents exceeding 3,000 amperes. These tests were conducted as part of RTE’s demonstration activities on the architecture and technologies for DC power grids, within the large scale demonstration project TWENTIES supported by the FP7 programme of the European Commission.
Alstom has witnessed a rapid development in China in the year of 2012, with a high record of 12 hydro units, greater than 400MW per unit, put into operation. A Global Technology Centre (GTC) was also announced to be established in Alstom’s new Tianjin facility in the same year.
Alstom and its consortium partner Hydrochina Huadong Engineering Corporation have been awarded a contract worth around €20 million by Vinacomin Power Holding Corporation to supply electro-mechanical equipment for Dong Nai 5 hydropower project.
Alstom and its consortium partner, Hydrochina Zhongnan Engineering Corp, have signed a contract worth over €90 million with Vietnam Electricity (EVN) to provide the electro-mechanical equipment of the 1,200 MW Lai Chau hydro power plant located on the Da River, in Lai Chau Province.
Alstom is a member of a team led by Dominion Virginia Power, which has been awarded a $4M USD grant by the US Department of Energy (DOE) to complete the engineering, site evaluation and planning phase for an offshore wind demonstration project in the state of Virginia.
Alstom Grid has successfully completed factory acceptance tests (FAT) for the 16 furnace transformers destined for the Qinghai Salt Lake project in North-West China.
Alstom and its local joint venture, Shanghai Alstom Transport Electrical Equipment Co., Ltd. (SATEE), have been awarded a new contract worth €37 million by Shanghai Shentong Metro Group Co., Ltd., to supply the state-of-the-art traction system to Shanghai Metro, existing lines 3 and 4. This new traction system will be operational in 2014.
Alstom today announced the launch of its “LP75” very long Last Stage Blade (LSB) for nuclear steam turbines at the Nuclear New Build Summit in Shanghai.
Between 1 April and 30 September 2012, Alstom booked a sound level of orders at €12.1 billion, up 19% compared to the first half of last year, driven in particular by a strong semester for Transport. Over the same period, sales were up 4%, amounting to €9.7 billion.
Alstom has successfully delivered in China, the first of the world’s most powerful hydroelectric generating units.
From 1 April to 30 June 2012, Alstom booked €6 billion orders, up 20% compared to the first quarter last year. As expected, sales grew by 6%, at €4.8 billion in the first quarter 2012/13.
Alstom Renewable Power, Alstom’s division in charge of renewable power generation equipment and services, plans to establish a Global Technology Centre (GTC) in Tianjin, China, as part of its 100 million euro investment announced in November 2010 to upgrade Tianjin’s hydro industrial facility – the largest one for Alstom in the world – and support its hydro business growth in China and abroad. With the addition of the new GTC to Tianjin facility, Alstom Hydro China will become a full value chain entity with a wide array of activities, ranging from R&D, sales & marketing, engineering design, sourcing, manufacturing, project management, installation maintenance and service.
Wuhan Boiler Company (WBC), Alstom’s largest utility boiler manufacturing site in the world, has signed a contract with Shandong Weiqiao Pioneering Group Co. Ltd., to supply four 350 MW sub-critical pulverised coal-fired boilers, for a cogeneration power plant located in Shandong Province, China.
Between 1 April 2011 and 31 March 2012, Alstom booked €21.7 billion of orders, up 14% compared to last year. As announced, the fourth quarter was particularly strong with €6.6 billion of new contracts.
Alstom was recently awarded three contracts by MTR Corporation Limited (MTRCL), the operator of Hong Kong’s metro network, to supply a fully-automatic signalling system for the South Island Line (East); track and overhead line infrastructure systems for the South Island Line (East), track and overhead line infrastructure systems for the Kwun Tong Line extension; and confirmation of the option for a signalling system for the Kwun Tong Line extension. The total value of these three contracts and option amounts to € 71 million.
Alstom wins France’s first offshore wind tender as part of the EDF EN consortium. Four factories will be created to supply 240 Haliade 150 wind turbines.
On 19 March, Alstom inaugurated the largest offshore wind turbine in the world, at Carnet in the Loire-Atlantique. The ceremony was attended by Eric Besson, Minister of Industry, Energy and the Digital Economy, and Patrick Kron, Chairman and CEO of Alstom.
Alstom, the global power generation company announced today at Russia Power 2012, that it is introducing an upgraded version of its highly successful GT13E2 gas turbine.
Alstom and its consortium partner, Hydrochina Huadong Engineering Corporation, have signed a contract worth approximately €18 Million, with Vietnam Electricity (EVN), to provide electro-mechanical equipment and technical services for Song Bung 4 hydropower project in Vietnam.
The Land Transport Authority of Singapore has awarded Alstom a contract worth around €240 million to provide new trains for two metro lines, the Circle Line (CCL) and North East Line (NEL), along with signaling upgrade for both lines.
Alstom, a global leader in power generation equipment and services, has signed a close to €50 million contract with China State Development and Investment Corporation (SDIC), to supply 2x660MW Steam Turbine Generator units for a fossil fuel power plant in Xinjiang Uygur Autonomous Region, China. The power plant, located in Hami, will be the first 600MW size power plant in Xinjiang, China with supercritical steam conditions designed for leading efficiency and lower carbon emissions.
Alstom and its local joint venture Shanghai Alstom Transport Electrical Equipment Co., Ltd. (SATEE) have been awarded a contract worth around euro 26 million by Qingdao Metro Co., Ltd to supply the state-of-the-art traction system to Qingdao Metro Line 3.
China Datang Corporation (Datang) and Alstom signed the feasibility study agreement for CCS Demo Project in Daqing, Heilongjiang province. This is another major step for both parties in forming the long-term strategic partnership to develop carbon capture and storage (CCS) demonstration projects following the signing of MOU in September this year. The agreement was signed in the presence of Mr. WANG Sen, Vice President of Datang and Philippe Joubert, Deputy CEO of Alstom.
Between 1st April and 30th September 2011, Alstom booked a sound level of orders at €10.2 billion, up 45% compared to the first half of last year, confirming the recovery achieved in the second part of 2010/11. Over the same period, sales amounted to €9.4 billion, down 10%, reflecting the low level of orders taken during the last economic downturn. Impacted by this lower volume, income from operations decreased to €627 million, corresponding to a margin of 6.7%. The net result stood at €363 million, whilst the free cash flow was negative at €(914) million, due to the low sales and some non-recurring events.
The agreement was signed in Beijing in the presence of Cao Zhi’An, Executive Vice-President of SGCC, Wei Qinghai, General Manager of CET and Grégoire Poux-Guillaume, President of Alstom Grid.
China Datang Corporation and Alstom have signed a Memorandum of Understanding (MoU) to form a long-term strategic partnership and jointly develop carbon capture and storage (CCS) demonstration projects in China.
The two partners to create a 50/50 joint venture combining their activities in boilers for coal-fired power plants.
Alstom and its two Chinese joint ventures have been awarded two contracts by Beijing MTR Construction Administration Corp., totaling €140 million, to provide both advanced traction and signalling systems for the new Line 6 of the Beijing metro.
Over the third quarter 2010/11 (from 1 OctoOver the third quarter 2010/11 (from 1 October 2010 to 31 December 2010), Alstom registered its best level of order intake since the first quarter of 2009/10 on a comparable perimeter. With €5.5 billion, the orders booked during the period were supported by the strong demand in emerging markets which represented 60% of the total contracts registered. With orders above €2.8 billion and €1.6 billion respectively, Power and Transport Sectors recorded marked increases over the recent quarters, while Grid booked again a solid €1 billion of orders. With sales at €5.2 billion for the third quarter 2010/11, the Group achieved a book-to-bill ratio exceeding 1 for the first time over the last two years.
Alstom, a global leader in power generation equipment and services, has signed a €950 million contract with Narva Elektrijaamad AS, a subsidiary of Estonia’s state owned utility Eesti Energia, to supply two 300 MW units for a fossil fuel power plant based on Circulating Fluidized Bed (CFB) boiler technology in Estonia. The power plant, located in Narva, will be fuelled with local oil shale. This agreement includes a first unit of 300 MW for an amount of €540 million and an option for a second unit of 300 MW for €410 million, which could be exercised by the customer within the next 18 months.
As part of the strategy to become a top Automation & Controls player in the Asia Pacific region, Alstom Power has signed a strategic Memorandum of Understanding (MoU) with PetroVietnam Power Services JSC (PVPS) to collaborate on Instrumentation & Control (I&C) projects. Under the MOU, Alstom and PVPS will collaborate to deploy the state-of-the-art Alstom ALSPA Series 6 Distributed Control System (DCS) for new and existing plants.
Alstom and Bouygues—through its subsidiaries Bouygues Immobilier and ETDE—have agreed to create a 50/50 joint venture under the name EMBIX to develop and provide energy-management services for eco-districts. The initiative opens a new chapter in the fruitful partnership begun by Bouygues and Alstom in 2006.
Alstom congratulates Electricity of Vietnam (EVN) on Son La Hydro Power Plant Unit 1 successful commissioning and synchronisation to the grid, and proudly joins in the celebrations for this achievement on 7 January 2011.
A consortium formed by Alstom and Schrader Camargo, a Colombian assembly company, have signed a contract with Emgesa – a subsidiary of Endesa, and the first private operator in Colombia – for the supply and assembly of electromechanical equipment for the 400 MW El Quimbo hydro power plant. The total value of the contract is approximately 115 million euros, of which Alstom’s share is around 90 million euros.
Alstom has secured orders worth €340 million to rehabilitate and maintain a part of EDF’s nuclear fleet in France. Under the terms and conditions of the contracts, Alstom will supply stators for 900 MW and 1300 MW generators, rotors for 900 MW generators and lines of rotors for 900 MW steam turbines.
Alstom signed on 9 December in Moscow strategic agreements with major Russian energy companies to jointly provide power generation products and services for Russia’s power industry in the fields of hydropower generation, thermal power generation, nuclear power generation and electricity transmission. With the most comprehensive and balanced portfolio of generation equipment in the market, Alstom confirms its strategy to become a key partner for Russian infrastructure development through these agreements.
Alstom has won a contract worth approximately €70 million for the supply of equipment to a new hydroelectric dam in China, underlining its position as one of the leading equipment suppliers to the country’s booming hydropower industry.
Alstom, a global leader in power generation, will retrofit six units (7 to 12) of the 4,460 MW Belchatow power plant, Europe’s largest and the world’s second largest fossil power plant. The two contracts signed with PGE Gornictwo i Energetyka Konwencjonalna S.A., which owns and operates Belchatow and several power plants in Poland, are worth approximately €140 million.
Alstom today inaugurated its new hydropower manufacturing facility at Tianjin in China. The new factory will place Alstom in a better position to supply its customers in China and abroad, while offering opportunities for further expansion in China's healthy hydropower market, which accounts for 22% of the country's electricity generation capacity and is expanding at a rate of 15 GW per year.
Alstom has won a contract for the supply of equipment to a new hydroelectric dam in China, underlining its position as one of the leading equipment suppliers to the country's hydropower industry.
Alstom has recently been awarded a contract, from Baoshan Iron & Steel Co. Ltd. (BaoSteel) in Shanghai, to upgrade the Electrostatic Precipitators (ESP) of units 1 and 2 of its captive power plant. The ESP equipments in BaoSteel were originally supplied by MHI Lurgi and have been in service since 1980. The upgrade will reduce particulate emissions, currently greater than 400 mg/Nm3 down to a level of 100 mg/Nm3, thus allowing BaoSteel to conform to China’s environmental requirements.
Alstom, a global leader in the supply of equipment and services for power generation, has been selected by Keppel Merlimau Cogen (KMC) Pte Ltd to build and maintain a new 800 MW power plant in Singapore. KMC is a unit of Keppel Energy Pte Ltd, the energy division of Singapore-based Keppel Corporation Limited.
Alstom, a global leader in the supply of equipment and services for power generation, has won an order worth approximately €260 million to construct a new power plant for Tuas Power Generation Pte Ltd (TPG) in Singapore. TPG, owned by NYSE-listed Huaneng Power International and one of Singapore’s largest power generation companies, already operates four existing combined cycle power plants and two oil fired steam power plants.
On 20 October, Beijing Metro Line 15 Phase 1, equipped with the state-of-the-art traction system supplied by Alstom, enters into trial run based on operation schedule, after going through 50 days of type tests in Beijing.
Alstom, the world’s leading supplier of air quality control systems (AQCS) for power plants, has won a contract worth approximately €160 million to build South Africa’s first wet flue gas desulphurisation (FGD*) system at the Kusile power plant, further strengthening its leadership in air quality control systems.
Claude Burckbuchler, who served twice as Alstom China Country President (1996-1998 and 2007-2010), won the "China's Friendship Award 2010" - the nation's most prestigious state award to appreciate and honour selected foreigners who have made remarkable contributions to China's social and economic development.
Alstom has won an order worth close to €100 million from Chinese industrial group Dong Fang Electric Limited (DECL) to supply equipment and services for six 1000 MW steam turbine-generator packages for three nuclear power plants in China. The power plants are NingDe Phase II (units 3 and 4), FuQing Phase II (units 3 and 4) and TianWan Phase III (units 5 and 6).
Alstom has won an order worth close to €100 million
from Chinese industrial group Dong Fang Electric Limited (DECL)
to supply equipment and services for six 1000 MW steam
turbine-generator packages for three nuclear power plants in
China. The power plants are NingDe Phase II (units 3 and 4),
FuQing Phase II (units 3 and 4) and TianWan Phase III (units 5
The first unit of Ling Ao phase II (unit 3) nuclear power plant entered commercial operation in China on September 20, 2010. This unit will supply electricity to the Guangdong province. The plant was synchronised to the grid in July this year and the output of the turbine generator has progressively increased since then. Construction of the plant began in 2005 and the first unit has entered operation earlier than scheduled. The turbine generator package of the plant has been constructed by the global power generation company, Alstom in partnership with China's Dongfang Electric Corporation, Ldt (DECL) for China Nuclear Power Engineering Co. ltd (CNPEC).
Alstom signed a Memorandum of Understanding (MoU) with two
Chinese companies - CNR Corporation Ltd., (“CNR”) and
Shanghai Electric Group Co., Ltd., (“SEC”) - to form
a strategic partnership and jointly develop new markets for mass
transit products. The agreement was signed in the presence of
Dominique Bussereau, France’s Secretary of State for
Alstom signed a Memorandum of Understanding (MoU) with two Chinese companies - CNR Corporation Ltd., ("CNR") and Shanghai Electric Group Co., Ltd., ("SEC") - to form a strategic partnership and jointly develop new markets for mass transit products. The agreement was signed in the presence of Dominique Bussereau, France's Secretary of State for Transport.
Effective from 1 September 2010, Dominique Pouliquen is appointed Country President, China in addition to his current position as SVP Asia-Pacific Region, Transport. In his new role as China President, Dominique has responsibility to oversee Transport, Power and Grid business in China. He is now based in Beijing, China.
This acquisition occurs after Alstom and Schneider Electric announced in July 2009 they were launching a joint acquisition offer of Areva T&D. At the end of November 2009, Alstom and Schneider Electric entered into exclusive negociation with Areva for the acquisition of its transmission and distribution business, then signed the acquisition agreement end of January 2010. The closing of this transaction took place yesterday, according to the planned schedule.
A consortium agreement was signed by the two partners in November 2009 for the purpose of this joint acquisition. The price paid for Areva T&D’s shares amounted to EUR 2.29 billion. The net financial debt of Areva T&D was about EUR 0.89 billion as of December 31, 2009.
Alstom Power Inc. acquired the business and facilities of Amstar Surface Technology Ltd. and Amstar International Ltd., headquartered in Houston, Texas. Amstar specializes in thermal spray coatings that protect surfaces against corrosion, erosion and wear. The company had sales of approximately 11 million USD in 2009 and employs around 50 people. This acquisition strengthens Alstom’s service offerings with advanced technologies that improve power plant component life.
Alstom, a global leader in equipment and services for power generation, said today that it will complement its strong portfolio in renewables through a partnership with BrightSource Energy Inc to enter the high-growth solar energy market. Alstom today announces it is investing up to $55 million in BrightSource Energy Inc., with an equity stake that positions Alstom as one of the main shareholders in the company. This operation takes place as part of a capital increase of $150 million organised by BrightSource. This privately-owned company is a specialist in designing, building and operating tower based solar thermal power plants with operations in the USA, Israel and Australia.
Between 1 April 2009 and 31 March 2010, driven by the quality of its backlog, Alstom registered record sales (€19.7 billion) and income from operations (€1.8 billion), up respectively by 5% and 16% over the previous year. The operating margin reached 9.1%, whilst the net result amounted to €1.2 billion (+10%). During the same period, order intake was heavily impacted by the economic recession. At €14.9 billion, orders were down by 39% from the very high level of last year. Alstom generated a free cash flow of €185 million.
IMMA - Mechanical and Metallurgical Industry of the Amazon - a joint venture formed by Alstom and Bardella, a leading Brazilian provider of equipment for the industries of metallurgy, energy, oil and gas, is being inaugurated today in Porto Velho, in the State of Rondônia (north of Brazil), in the presence of Brazilian authorities and Alstom and Bardella executives. The unit will be responsible for production of power equipment to Santo Antonio power plant, in Madeira river, Brazil. Investment in the plant is approximately €37 million and 400 jobs are created.
Alstom, a leader in integrated energy management solutions for power plants, has won a contract worth €90 million for the automation of Eskom’s latest thermal power plant project, Kusile. Alstom Power will engineer, supply and install its latest ALSPA® Series 6 Distributed Control System (DCS).
Orders booked during the third quarter of 2009/10 amounted to €4.2 billion. Order intake in both Sectors strongly improved as compared to the previous quarter. Power received orders of €2.7 billion, with commercial successes in coal in Europe. Transport registered contracts amounting to €1.6 billion, benefiting notably from a large order for regional trains in France.
The fund, Aster Capital, is based in Paris and will receive progressively a capital subscription of €70 million, from Schneider Electric (€40 million) and Alstom (€30 million). Other industrial partners can be invited to join this initiative to create the European benchmark fund specializing in energy and the environment.
Alstom, the leader on Clean Power technologies and leading supplier of boilers worldwide, today inaugurated the new manufacturing site of Wuhan Boiler Company Ltd. (WBC) in Wuhan, Hubei province, China, a factory with an energy efficient design that will vastly increase the working conditions of its workers while considerably lightening Alstom's environmental footprint.
Alstom has signed a contract worth over 200 million euros
with China Guang Dong Nuclear Power Company (CGNPC) for the
engineering and procurement of the complete turbine island for
the nuclear power plant to be built in Taishan (south-western
province of Guangdong). Taishan will be China’s first EPR
Alstom is the world’s leading supplier of
“conventional islands” (or “turbine
islands”) for nuclear power plants, and has fitted close to
180 units around the globe. More than 30% of the world’s
nuclear power stations operating today use Alstom-made
Patrick Kron, Chairman and CEO of Alstom, and Minghong
Ying, Chairman of Shanghai Shentong Holdings, signed on 27
November 2007 in Shanghai, China, a contract for the supply of a
transit control system for line 10 of Shanghai metro, in presence
of Nicolas Sarkozy, President of the French Republic.
Alstom Hydro* has signed several contracts, worth
approximately 350 million euro, to supply electro-and
hydro-mechanical equipment for hydropower plants in Brazil and
China. These contracts have been booked in the first half backlog
of the 2007/08 fiscal year.
Alstom has acquired 51% of the capital of the Wuhan Boiler
Company Ltd (WBC), a Chinese company listed on the Shenzhen Stock
Exchange, for €32.8 million after gaining the final
approval by the Chinese Authorities on 6 July 2007 and after
closure of the General Offer launched on 11 July 2007, in
accordance with current Chinese stock market regulations.
Alstom has won a 135 million Euro order from Chinese
industrial group Dong Fang to supply 4 x 1000 MW-Class steam
turbine-generator packages for the conventional island of a new
nuclear power plant to be built at Hong Yan He, in Liaoning
province, northern China.
Alstom Transport, together with its Chinese partner CSR
Nanjing Puzhen Rolling Stock Works, has been awarded a contract
worth a total of 120 million euros for supplying 144 metro
coaches to the city of Nanjing, located 600 kilometres to the
South West of Beijing. Alstom’s share of the contract
amounts to 36.8 million euros.
Alstom has just completed the acquisition of Qingdao
Sizhou, a market leader in China for boiler auxiliaries with a
strong focus on bottom ash handling systems and the related
service business, a critical element of the coal-fired power
Patrick Kron, Chairman and Chief Executive Officer of
Alstom, has signed today in Beijing two contracts for a total
amount of more than 350 million euros with the Chinese Ministry
of Railways, for the manufacture of electric freight locomotives
and the electrification of a high speed line.
ALSTOM has won a contract worth more than €80 million
with Dongfang Electric Group Corporation (DEC) for the supply of
two steam turbine and generator packages for Ling Ao nuclear
power station, China.
The Shanghai Shetong Holdings Group, the transport
investment branch of the Shanghai Municipality, has announced
today that the ALSTOM consortium was chosen for the supply of
METROPOLIS trains for the extension of Shanghais metro line
ALSTOM and Dong Fang have agreed to cooperate in the
preparation and submission of a mutually agreed proposal to
supply the Turbine Generator Package for Ling Ao nuclear power
plant Phase II (2 X 1000 MW), as launched by the China Nuclear
Power Engineering Company.
ALSTOM has just signed four contracts with a combined value
of 357 million euros to provide power generating equipment for
three pumped-storage projects in China and transfer the related
The Ministry of Railways of the Peoples Republic of
China has announced that ALSTOM has been chosen for the supply of
regional trains and locomotives.
ALSTOM has signed a Joint Venture Frame Agreement with
Beijing BEIZHONG Steam Turbine Generator Co.....
ALSTOM has signed an agreement on cooperation for the
manufacture of locomotives with CNR Datong Electric Locomotive
Co. of China. The contract was signed in the presence of Prime
Minister Jean-Pierre Raffarin of France and Vice Premier Zeng
Peiyan of China in Paris at the Hotel Matignon, the residence of
the French prime minister, on June 11.
ALSTOM has been awarded a contract by the Three Gorges
International Tendering Co. Ltd. to supply four 700 MW generating
units to the projects Right Bank powerhouse on Chinas
The contract, valued in excess of 163 million,
comprises four turbines and their associated generators.
ALSTOM, in consortium with Beijing Beizhong Steam Turbine
Generator Co. Ltd, has been awarded two contracts, valued at
around 180 million - with an ALSTOM share of approximately
90 million - to supply six steam turbine generators in
China with a total output of 3600 MW.
ALSTOM has recently won a series of Power generation
contracts for a total value more than €180 million from
countries all over the world.
ALSTOM has signed two 8-year long-term service agreements
(LTSA) with the Baosteel Group in China and with the Socialist
Republic of Vietnams National Utility, Electricity Vietnam
The Shanghai Mass Transit Yangpu Line Development Co. has
ordered 28 six-car ALSTOM METROPOLIS trainsets worth about
184 million for the citys future Yangpu metro
ALSTOM will supply an integrated signaling and
train-control information solution for an extension of Line
ALSTOM reinforced its long-term cooperation with the
People’s Republic of China announcing a contract worth
around 65 million euros for a 300 MW circulating fluidized bed
boiler for the site of Baima, Sichuan Province, People's Republic
The Nanjing Metro Company Ltd. of the People's Republic of
China has selected ALSTOM, in partnership with Nanjing Puzhen
Rolling Stock Works, for the supply of 20 metro trains for its
Phase 1, North-South Line project. The contract is valued at
approximately 160 million euros.
The first high voltage test in CTC High Voltage Laboratory is successfully performed on May 20th, 2011.
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