Alstom to change emphasis

• 12 years ago (2011-10-12)
• David Flin

Asia 848 Europe 1061 North America 998

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Alstom’s Chairman and CEO Patrick Kron has announced that Alstom has decided to place more emphasis on BRIC (Brazil, Russia, India, and China) countries and emerging markets, including East Asia, because of the higher growth they offer when compared with conventional markets such as the USA and Europe.

He said combined orders from the USA and Europe used to account for 65 percent of Alstom’s order value, with the remainder coming from BRIC countries and emerging markets. However, this has changed in recent years, with 60 percent now coming from BRIC and emerging markets, and 40 percent from USA and Europe.

The growth of power generation business between conventional and emerging markets has also changed. Growth in the USA and Europe is about 1-1.5 percent per annum, while the figure for emerging markets is over 4 percent.

Kron said about 22 GW of power generation capacity were installed every year in East Asia, excluding China and India, with Alstom accounting for 6 GW of this. He said that Alstom had a 15 percent share of the Thailand market, compared with its global market share of 25 percent. “We believe we can do better,” he said.