Alstom SA (OTC PINK:ALSMY/AOMFF, Euronext:ALO) was founded in 1928 and is headquartered in Saint-Ouen, France. It has 34,500 full-time employees and is a French company. A large, diversified industrial company that develops and sells systems, equipment and services for the transportation sector in Europe, America, Asia Pacific, the Middle East and Africa. Its main business is power and rail transit infrastructure (such as TGV and Eurostar). Alstom is also the world’s largest supplier of hydropower equipment, the world’s largest supplier of conventional islands for nuclear power plants, and the world’s largest supplier of environmental control systems.
Alstom SA (ALSMY):
Alstom provides subway trains, trams, suburban trains, regional trains, high-speed trains, passenger and freight locomotives; and signaling products such as railway control systems, safety and control, track and interlocking products.
In addition, Alstom is also engaged in design and installation solutions for track laying; electrification and power supply of lines; and supply and installation of electromechanical equipment.
Furthermore, Alstom also provides urban and mainline railway systems to manage trains, signals, infrastructure and services; and maintenance, modernization, parts and repairs, and support services.
In addition, Alstom also provides various components, including bogies, motors, traction systems, switchgear, auxiliary converters, traction transformers, feed systems and dampers.
Alstom has established a strategic partnership with Cosmotech to develop a new application to improve the efficiency of the railway system.
Alstom SA (ALSMY) business:
Alstom’s technology is applicable to all forms of energy (coal, natural gas, nuclear energy, fuel oil, water power, wind energy), and is in a leading position in the field of environmental protection (carbon dioxide reduction, nitrogen oxide reduction…). Alstom will supply conventional islands for France’s future European pressurized water reactor nuclear power plants. The group is also developing a carbon dioxide capture process, which will be commercialized in the medium term.
In the power field:
- The world’s first hydropower equipment;
- No. 1 nuclear power plant conventional island in the world;
- The world’s first environmental control system;
Alstom’s technology comes from Alstom’s technology for every 4 light bulbs in the world.
In the field of transportation:
- No. 1 in the world for super high-speed trains and high-speed trains, such as the TGV French high-speed train;
- The urban transportation market, regional trains, infrastructure equipment and all related services are second in the world, such as the Singapore Metro Circle Line and the Singapore Metro Northeast Line.
Alstom SA (ALSMY) in Mainland China:
Alstom has participated in the construction of mainland China for the past 50 years. At present, Alstom has joint venture companies in Beijing, Shanghai, Wuhan, Xi’an, Tianjin, Qingdao, Suzhou, Yangzhou, Wuxi, Guangzhou and other places. There are 6 wholly-owned companies in Qingdao, Qingdao and Shenzhen, and 6 offices in Chengdu, Guangzhou, Kunming, Xi’an, Tianjin and Shenyang, employing approximately 10,000 employees. There are also 3 branches in Hong Kong.
- Alstom (China) Investment Co., Ltd.
- Alstom Technical Services (Shanghai) Co., Ltd.
- Alstom Hong Kong Limited
- Alstom Technical Services (Hong Kong) Co., Ltd.
- Shanghai Alstom Transportation Electric Co., Ltd.-traction equipment
- Casco Signal Co., Ltd. (Shanghai)-Signal System (China CRSC-Alstom Joint Venture)
- Shanghai Alstom Transportation Equipment Co., Ltd.-Train Manufacturing
- Qingdao Alstom Railway Equipment Co., Ltd.-Shock Absorber
- Xi’an Alstom Yongji Electrical Equipment Co., Ltd.-Traction Engine
- Alstom Hong Kong Investment Co., Ltd.-Metro signals and trains
- Beizhong Alstom (Beijing) Electrical Equipment Co., Ltd.-mainly produces steam turbines and steam turbine generators
- Alstom Hydropower Equipment (China) Co., Ltd. and Tianjin Alstom Hydropower Equipment Co., Ltd.-Turbine Generator
- Shanghai Alstom Aohan Thermal Energy Equipment Co., Ltd.-Air heating components
- Alstom Sizhou Power Equipment (Qingdao) Co., Ltd.-Fly Ash Treatment Equipment
- Alstom (Wuhan) Engineering Technology Co., Ltd.-Engineering and procurement professional services, project management services
- Wuhan Boiler Co., Ltd.-large boiler equipment
- Alstom Creative Technology Development (Shenzhen) Co., Ltd.-Remote Monitoring and Diagnosis
- Alstom Power Services (Hong Kong) Co., Ltd.-Power Services
- Alstom Yuli (Beijing) Isolating Switch Co., Ltd.-AC high voltage isolating switch ranging from 27.5 kV to 750 kV
- Alstom Grid Technology Center Co., Ltd.-China Technology Center for Grid Business
- Alstom Power Grid Engineering (Shanghai) Co., Ltd.-Project Management and Services
- Alstom Transformer (Shanghai) Co., Ltd.-gas insulated substation
- Shanghai Electric Alstom Baoshan Transformer Co., Ltd.-Transformers ranging from 110kV to 800kV
- Shanghai Electric Alstom Lingang Transformer Co., Ltd.-Transformers ranging from 110 kV to 800 kV
- Alstom Grid Enterprise Management (Shanghai) Co., Ltd.-resource sharing services, etc.;
- Alstom Suzhou High Voltage Electrical Switch Co., Ltd.-high voltage circuit breakers, disconnectors and gas insulated substations
- Alstom Isolating Switch (Wuxi) Co., Ltd. -27.5 kV to 750 kV AC high voltage isolating switch
- Alstom (Yangzhou) High Voltage Bus Tube Co., Ltd.-High Voltage Bus for Gas Insulated Substation
- Shanghai Electric Alstom (Wuhan) Transformer Co., Ltd.-Transformers ranging from 110 kV to 800 kV
- Owns Alstom (Guangdong) Switchgear Co., Ltd.-High Voltage Switchgear
Major projects in mainland China
- In 1958, Alstom provided the first batch of electric locomotives and electric drive diesel locomotives to China.
- In 1979, the first representative office was established in Beijing. It was one of the first multinational companies to conduct business in China after the reform and opening up.
- In 1995, Tianjin Alstom Hydropower Equipment Co., Ltd. was established; the third-generation Jiamu electric train in the capital city was built in Hong Kong Metro.
- In 1999, Alstom (China) Investment Co., Ltd. was established in Beijing; it won an order for 8 turbines and generator sets for the Three Gorges Left Bank Power Station.
- In 2003, won the contract to supply 300MW CFB boilers for Baima Thermal Power Station.
- From 2003 to 2004, provided 600MW locally manufactured steam turbines and generators for the Longshan, Pingwei and Dabieshan projects. Provided power systems for the three pumped storage power stations in Huizhou, Baoquan and Bailianhe, with a total value of 357 million euros. Work with partners to provide 60 EMUs (Harmony CRH5 electric EMUs) for China’s high-speed railways, and 180 double freight locomotives for Daqin railway transportation.
- In 2005, it cooperated with Dongfang Electric to win the Ling Ao Phase II nuclear power plant project, providing 2 sets of 1000MW steam turbines and generators.
- In 2006, signed an important technical cooperation letter of intent, and cooperated with Datong Electric Locomotive to jointly design 500 HXD2 electric locomotives (9600KW) with the world’s largest power.
- In May 2006, the supply of 20 trains, 80 sets of VVVF and 320 traction motors for Nanjing Metro Line 1 was completed.
- In 2007, it signed an important contract with the Ministry of Railways of China with a total value of more than 350 million euros to provide 500 electric freight locomotives for China Railways and to provide electrified infrastructure for the Shijiazhuang-Taiwan Passenger Dedicated Line.
- In April 2007, 144 METROPOLISTM subway trains were provided to Nanjing Metro Line 2.
- In January 2008, Alstom provided 126 subway trains for the southern extension of Nanjing Metro Line 1.
- In 2008, to welcome the Olympics, China’s first fully automatic subway line, the Beijing Airport Line, with a fully automatic signal system provided by Alstom, opened to traffic.
- Provided subway vehicles or signal systems for 8 of the 11 existing lines of the Shanghai Metro.
Alstom SA (ALSMY) history:
- 1928: Thomson-Houston Electric Company merged with Alsace Machinery Manufacturing Company to form Alsthom, the first factory in Belfort.
- 1932: Alstom entered the field of transportation by acquiring the French Construction Electric Company, a manufacturer of electric locomotives, electrical and hydraulic equipment.
- 1955: Alstom’s CC locomotive set a world record of 331 kilometers per hour.
- 1956: Alstom supplied the first 82MW nuclear power steam turbine for the Chinon Nuclear Power Plant in France.
- 1969: France Tong Electric became the majority shareholder of Alstom.
- 1976: Alstom merged with Atlantic Shipyard to form Alstom Atlantic (ALSTHOM Atlantique), and the company added shipbuilding business.
- 1977: Alstom built the first 1300MW generator for the Paluel Nuclear Power Plant, with a record output of 1500MW.
- 1978: Alstom delivered the first TGV high-speed train to the French national railway company. TGV set the world record for the speed of rail transit vehicles in 1981 (380 kilometers per hour) and 1990 (515.3 kilometers per hour) respectively. In 2001, the TGV drove from Calais to Marseille. The whole journey was 1067.2 kilometers and took 3 hours and 29 minutes, setting the world high-speed train endurance record.
- 1986: Alstom’s Belfort plant from EDF obtained at that time the world’s largest gas turbine (212MW) at the order.
- 1989: The Belgian Charleroi Electrical Engineering Company was dissolved and Alstom acquired its energy, automation and transportation divisions. In the same year, Alstom merged with the British General Electric Power Station System Division to form GEC Alstom. In the same year, Alstom acquired the train manufacturer Capital Jiamu in Birmingham, England, extending its business beyond France.
- In 1991, General Electric of France changed its name to Alcatel Alstom General Electric.
- 1994: GEC Alstom acquired the German railway vehicle manufacturer Link-Hoffmann-Busch.
- In 1995, GEC Alstom acquired shares of steam turbine manufacturer Man Energy.
- 1998: GEC Alstom acquired the electrical engineering contracting company Cegelec. On June 22, GEC Alstom was listed on the Paris Stock Exchange and the company name was changed from Alsthom to Alstom. Major shareholders General Electric and Alcatel sold some of their shares in the company (23.6% each). In the same year, Alstom acquired the Italian Sassib Railway Company and the US General Railway Signal Company.
- 1999: Alstom Energy Division and ABB jointly established ABB Alstom Power, each holding 50% of the shares. Alstom also acquired Télécité, a Canadian passenger information and security company. At the same time, Alstom sold its heavy-duty gas turbine business to General Electric .
- 2000: Alstom acquires ABB’s shares in ABB Alstom Power. In the same year, Alstom sold its diesel engine business to the MAN Group and acquired a 51% stake in Fiat Railways, a global leader in tilting train technology.
- 2003: Alstom faced a financial crisis of more than $5 billion in debt due to poor sales, and even the possibility of liquidation. The company’s stock price fell by 90% within two years. Alstom sold its industrial turbine business to Siemens for 1.1 billion euros . As part of the French government’s 3.2 billion euro rescue plan, Alstom was also required to sell several subsidiaries, including the shipyard.
- 2004: 21% of Alstom’s shares are held by the French government and received a 2.5 billion euros French government emergency relief fund approved by the European Union. Alstom sold its power transmission and distribution business to Areva, diesel locomotive manufacturer Mediterranean Railway Industries to Vosslow, and Alstom Power Leasing to Audi Performance and Racing. In the same year, Alstom delivered the world’s largest cruise ship Queen Mary II to Cunda
- 2006: Alstom sold its shipbuilding division to Norwegian Aker Shipyard and held 25% of the shares until 2010. At the same time, Alstom Power Conversion was also sold to Barclays Private Equity and later became the Corfude Group. In June, Bouygues acquired 21% of the shares held by the French government worth 2 billion euros and increased its capital to 24% at the end of the year.
- 2007: The Alstom V150 train set set a new world record for speed of 574.5 kilometers per hour for rail transit vehicles on the eastern line of the French high-speed railway, 59.5 kilometers per hour faster than the record set in 1990. In June, Alstom acquired a Spanish wind turbine manufacturer and changed its name to Alstom Ventilation.
- 2009: Alstom acquired 25% of the shares of the Russian Transport Machinery Holding Group.
- 2010: Alstom repurchased the transmission and distribution division sold to Areva in 2004 and created a new division called Alstom Grid. Alstom opened a wind turbine assembly plant in Amarillo, Texas, and a wind turbine manufacturing plant in Chattanooga, Tennessee. At the same time, a new hydropower equipment company also opened in China.
- 2011: Alstom signed a memorandum of understanding with the Iraqi government to build a high-speed railway from Baghdad to Basra.
- 2012: Alstom opened factories in many places around the world, including Sorell-Tracy in Quebec, Canada (passenger train), Cherbourg-Octeville, France (together with Elm Power Company to produce wind blades) , Saint-Nazaire (nacelle and generator), and Ufa, Russia (jointly producing hydropower equipment with Russian Hydropower), etc.
- 2013: In November, Alstom announced plans to sell non-core assets and lay off 1,300 employees.
- 2014: On May 1, General Electric spent EUR 12.4 billion (US$17 billion) in cash to acquire Alstom’s global power business.
- 2017: On September 26, Alstom merged with its former rival German Siemens to form a new company “Siemens Alstom” (Siemens Alstom). After the merger, Siemens will hold 50.6% of the shares in response to CRRC’s global rail transit The challenge of equipment market expansion.
- 2019: On February 6, the European Commission vetoed the merger of Germany’s Siemens railway system and Alstom’s railway transportation business. The EU believes that it will over-monopolize, which will overwhelm smaller competitors and cause the price of railways to rise.