Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Alstom    ALO   FR0010220475

ALSTOM (ALO)

Delayed Quote. Delayed  - 09/23 05:35:12 pm
24 EUR   -0.48%
09/23 ALSTOM SA : Alstom announces the suspension of S&P Global Ratings' r..
09/23 ALSTOM SA : Alstom announces the suspension of S&P Global Ratings' r..
09/23 Huawei Releases Digital Urban Rail 2.0 Solutions at InnoTrans 201..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Alstom : to contribute to the metro development in Chengdu and Xi’an

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/11/2014 | 06:32pm CEST

Alstom and its local joint venture Satee1 have been awarded two contracts worth a total of €75 million2 to supply new traction equipment for more than 550 cars3 due to operate on Chengdu metro lines 3 and 4 and Xi'an metro line 3 from 2015.

Both cities are significantly expanding their existing metro networks. Chengdu - an important economic centre in western China - will count 10 lines (350 km) by 2020, and the historic city of Xi'an - located in central China - will consist of six metro lines by 2018.

Alstom and Satee will provide the metros of Chengdu and Xi'an with Optonix, the latest traction system technology developed by Alstom. Specifically designed and developed for the Chinese market, Optonix reduces travel time thanks to optimized acceleration and deceleration increasing train frequency. The traction system, which includes motors and auxiliary converters, will be manufactured locally by Satee and supported by Alstom's design unit in Charleroi, Belgium.

"This is Alstom's first batch of metro contracts in central and western China, marking a strategic breakthrough for us in China," said Dominique Pouliquen, Senior Vice President of Alstom Transport Asia Pacific. "These contracts demonstrate our customers' continued confidence and trust in Alstom technologies and solutions. With a strong localization strategy combined with enhanced R&D and engineering capabilities, Alstom, through our Satee JV, has reinforced its leading position in traction systems in the booming Chinese market."

Over the last few years, Alstom has supplied more than 1,600 metro cars to China and provided traction systems to over 1,400 metro cars in major Chinese cities including Beijing, Shanghai, Qingdao, Nanjing and Hong Kong. Alstom has a major office in Chengdu responsible for its western China business development. In Xi'an, Alstom has a joint-venture - Xi'an Alstom Yongji Electric Equipment Co., Ltd., engaged in the manufacture, assembly, testing, and warranting of traction motors.

Press contacts

Virginie Hourdin / Claire Biau (Alstom Group) - Tel +33 1 41 49 21 36 / 39 95

virginie.hourdin-bremond@chq.alstom.com ; claire.biau@alstom.com  

Linda Huguet (Alstom Transport HQ) - Tel: + 33 1 57 06 10 42

linda.huguet@transport.alstom.com

Jenny Zhang (Alstom China) - Tel: +86 10 8460 9196

Jenny-y.zhang@transport.alstom.com

1 Shanghai Alstom Transport Electrical Equipment Co. Ltd.

2 Over €42 M for Chengdu, booked in Dec. 2013; and close to €33 M for Xi'an, booked in Nov. 2013

306 metro cars for Chengdu metro line 3 and 4; 246 metro cars for Xi'an's line 3

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALSTOM
09/23 ALSTOM SA : Alstom announces the suspension of S&P Global Ratings' ratings
09/23 ALSTOM SA : Alstom announces the suspension of S&P Global Ratings' ratings
09/23 Huawei Releases Digital Urban Rail 2.0 Solutions at InnoTrans 2016
09/23 ALSTOM : achieves a world first, with successful test of ETCS Level 2 baseline 3..
09/23 ALSTOM : achieves a world first, with successful test of  ETCS level 2 baseline ..
09/23 ALSTOM : France’s Alstom keen to take part in Baku Metro expansion
09/22 ALSTOM : signs the German Diversity Charter
09/22 ALSTOM : France’s Alstom interested in North-South project
09/21 ALSTOM : unveils zero-emission train
09/21 ALSTOM : selected in Dow Jones Sustainability World and Europe indices for the s..
More news
Sector news : Heavy Electrical Equipment - NEC
09/21DJABB Sells Unit to NKT Cables in $934 Million Deal
09/21DJABB Sells Unit to NKT Cables in $934 Million Deal -- Update
09/21DJNKT Cables to Acquire ABB Cable Unit Valued at EUR836 Million
09/13DJActivists Want ABB to Spin Off Power Grids Unit -- Update
09/13 ABB : Cevian says ABB Power Grid spin-off would raise value for shareholders
More sector news : Heavy Electrical Equipment - NEC
News from SeekingAlpha
09/16 WALL STREET BREAKFAST : iPhone 7 Hits Retail Stores
08/26 Alstom wins $2B deal to design, build high-speed trains for Amtrak
07/13 Alstom's (ALSMY) CEO Henri Poupart-Lafarge on Q1 2017 Results - Earnings Call..
07/13 Alstom ADR reports FQ1 results
06/07 GE, Alstom accused of decade-old bribes by ex-Petrobras exec
Advertisement
Financials (€)
Sales 2017 7 381 M
EBIT 2017 396 M
Net income 2017 239 M
Debt 2017 428 M
Yield 2017 1,03%
P/E ratio 2017 24,05
P/E ratio 2018 17,67
EV / Sales 2017 0,77x
EV / Sales 2018 0,95x
Capitalization 5 259 M
More Financials
Chart ALSTOM
Duration : Period :
Alstom Technical Analysis Chart | ALO | FR0010220475 | 4-Traders
Full-screen chart
Technical analysis trends ALSTOM
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 25,7 €
Spread / Average Target 7,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Henri Poupart-Lafarge Chairman & Chief Executive Officer
Thierry Best Chief Operating Officer
Marie-José Donsion Senior Vice President-Finance
Pascal Colombani Independent Non-Executive Director
Klaus J. Mangold Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ALSTOM-14.79%5 904
ABB LTD.23.05%50 594
SHANGHAI ELECTRIC GROU..-27.04%14 664
CHINA XD ELECTRIC CO.,..0.00%4 089
BWX TECHNOLOGIES INC22.51%4 025
WOODWARD INC23.48%3 770
More Results