ELECTRICAL GIANTS: A Review of the World's Generation, Transmission and Distribution Equipment Manufacturers

1.Introduction 1

1.1 Objectives 1

1.2 Methodology 1

2.RECAPITULATIVE TABLES 3

3.PROFILES OF THE MAJOR ELECTRICAL MANUFACTURERS 7

3.1 ABB 7

3.1.1 Address 7

3.1.2 Company History 7

3.1.3 Summary of Operations 8

3.1.4 Financial Highlights 10

3.1.5 Acquisitions, Divestitures & Major Contracts 10

3.1.6 Selected 2002 Press Releases 11

3.1.7 Group Personnel 12

3.1.8 Group Financials 13

3.1.9 Sales of Electricity Generation, Transmission and Distribution Equipment 14

3.1.10 Other Corporate Data 15

3.2 ALSTOM 17

3.2.1 Address 17

3.2.2 Company History 17

3.2.3 Summary of Operations 18

3.2.4 Financial Highlights 19

3.2.5 Acquisitions, Divestitures & Major Contracts 19

3.2.6 Selected 2002 Press Releases 20

3.2.7 Group Personnel 21

Independent Directors 21

Executive Committee 21

3.2.8 Group Financials 22

3.2.9 Sales of Electricity Generation, Transmission and Distribution Equipment 23

3.2.10 Other Corporate Data 23

3.3 BHEL - Bharat Heavy Electricals Limited 27

3.3.1 Address 27

3.3.2 Company History 27

3.3.3 Summary of Operations 27

Power 27

Industry 28

International Operations 28

3.3.4 Financial Highlights 29

3.3.5 Acquisitions, Divestitures & Major Contracts 29

3.3.6 Selected 2002 Press Releases 29

3.3.7 Group Personnel 31

3.3.8 Group Financials 31

3.3.9 Sales of Electricity Generation, Transmission and Distribution Equipment 32

3.3.10 Other Corporate Data 32

3.4 COOPER 35

3.4.1 Address 35

3.4.2 Company History 35

3.4.3 Summary of Operations 36

3.4.4 Financial Highlights 37

3.4.5 Acquisitions, Divestitures & Major Contracts 37

3.4.6 Selected 2002 Press Releases 37

3.4.7 Group Personnel 38

3.4.8 Group Financials 39

3.4.9 Sales of Electricity Generation, Transmission and Distribution Equipment 40

3.4.10 Other Corporate Data 40

3.5 EATON 43

3.5.1 Address 43

3.5.2 Company History 43

3.5.3 Summary of Operations 44

Fluid Power 44

Industrial and Commercial Controls 45

Automotive 45

Truck 45

3.5.4 Financial Highlights 46

3.5.5 Acquisitions, Divestitures & Major Contracts 47

3.5.6 Selected 2002 Press Releases 47

3.5.7 Group Personnel 48

3.5.8 Group Financials 49

3.5.9 Sales of Electricity Generation, Transmission and Distribution Equipment 50

3.5.10 Other Corporate Data 50

3.6 EMERSON 53

3.6.1 Address 53

3.6.2 Company History 53

3.6.3 Summary of Operations 54

3.6.4 Financial Highlights 56

3.6.5 Acquisitions, Divestitures & Major Contracts 57

3.6.6 Selected 2002 Press Releases 57

3.6.7 Group Personnel 57

3.6.8 Group Financials 60

3.6.9 Sales of Electricity Generation, Transmission and Distribution Equipment 61

3.6.10 Other Corporate Data 61

3.7 FUJI ELECTRIC 63

3.7.1 Address 63

3.7.2 Company History 63

3.7.3 Summary of Operations 63

3.7.4 Financial Highlights 65

3.7.5 Selected 2002 Press Releases 65

3.7.6 Group Personnel 66

3.7.7 Group Financials 67

3.7.8 Sales of Electricity Generation, Transmission and Distribution Equipment 68

3.7.9 Other Corporate Data 68

3.8 GE 71

3.8.1 Address 71

3.8.2 Company History 71

3.8.3 Summary of Operations 72

3.8.4 Financial Highlights 73

3.8.5 Acquisitions, Divestitures & Major Contracts 73

3.8.6 Selected 2002 Press Releases 74

3.8.7 Group Personnel 74

3.8.8 Group Financials 76

3.8.9 Sales of Electricity Generation, Transmission and Distribution Equipment 77

3.8.10 Other Corporate Data 77

3.9 HITACHI 79

3.9.1 Address 79

3.9.2 Company History 79

3.9.3 Summary of Operations 80

3.9.4 Financial Highlights 81

3.9.5 Acquisitions, Divestitures & Major Contracts 81

3.9.6 Selected 2002 Press Releases 82

3.9.7 Group Personnel 82

3.9.8 Group Financials 83

3.9.9 Sales of Electricity Generation, Transmission and Distribution Equipment 84

3.9.10 Other Corporate Data 84

3.10 INVENSYS 87

3.10.1 Address 87

3.10.2 Company History 87

3.10.3 Summary of Operations 88

3.10.4 Financial Highlights 89

3.10.5 Selected 2002 Press Releases 89

3.10.6 Acquisitions, Divestitures & Major Contracts 90

3.10.7 Group Personnel 91

3.10.8 Group Financials 92

3.10.9 Sales of Electricity Generation, Transmission and Distribution Equipment 93

3.10.10 Other Corporate Data 93

3.11 LEGRAND 95

3.11.1 Address 95

3.11.2 Summary of Operations 95

3.11.3 Financial Highlights 96

3.11.4 Acquisitions, Divestitures and Mergers 96

3.11.5 Group Personnel 97

3.11.6 Group Financials 98

3.11.7 Sales of Electricity Generation, Transmission and Distribution Equipment 99

3.11.8 Other Corporate Data 99

3.12 LG GROUP 101

3.12.1 Address 101

3.12.2 Company History 101

3.12.3 Summary of Operations 102

3.12.4 Financial Highlights 103

3.12.5 LG Electronics Personnel 103

3.12.6 Group Financials 105

3.12.7 Sales of Electricity Generation, Transmission and Distribution Equipment 106

3.12.8 Other Corporate Data 106

3.13 MEIDENSHA CORPORATION 109

3.13.1 Address 109

3.13.2 Company History 109

3.13.3 Summary of Operations 110

3.13.4 Financial Highlights 111

3.13.5 Acquisitions, Divestitures & Major Contracts 111

3.13.6 Group Personnel 111

3.13.7 Group Financials 113

3.13.8 Sales of Electricity Generation, Transmission and Distribution Equipment 114

3.13.9 Other Corporate Data 114

3.14 MITSUBISHI 117

3.14.1 Address 117

3.14.2 Company History 117

Mitsubishi Electric Corporation 117

Mitsubishi Heavy Industries Ltd 118

3.14.3 Summary of Operations 118

3.14.4 Financial Highlights 120

3.14.5 Acquisitions, Divestitures & Major Contracts 121

3.14.6 Selected 2002 Press Releases 121

Mitsubishi Electric 121

Mitsubishi Heavy Industries 121

3.14.7 Group Personnel ? Mitsubishi Electric 122

3.14.8 Group Personnel ? Mitsubishi Heavy Industries 122

Managing Directors 122

3.14.9 Group Financials 123

3.14.10 Sales of Electricity Generation, Transmission and Distribution Equipment 125

3.14.11 Other Corporate Data 125

3.15 PIRELLI 129

3.15.1 Addresses 129

3.15.2 Company History 129

3.15.3 Summary of Operations 130

3.15.4 Financial Highlights 131

3.15.5 Acquisitions, Divestitures & Major Contracts 131

3.15.6 Group Personnel 132

3.15.7 Group Financials 133

3.15.8 Sales of Electricity Generation, Transmission and Distribution Equipment 134

3.15.9 Other Corporate Data 134

3.16 ROCKWELL 137

3.16.1 Address 137

3.16.2 Company History 137

3.16.3 Summary of Operations 138

3.16.4 Financial Highlights 139

3.16.5 Acquisitions, Divestitures & Major Contracts 139

3.16.6 Selected 2002 Press Releases 140

3.16.7 Group Personnel 140

3.16.8 Group Financials 141

3.16.9 Sales of Electricity Generation, Transmission and Distribution Equipment 142

3.16.10 Other Corporate Data 142

3.17 SCHNEIDER ELECTRIC 145

3.17.1 Address 145

3.17.2 Company History 145

3.17.3 Summary of Operations 146

Electrical Distribution 146

Industrial Control and Automation 146

3.17.4 Financial Highlights 147

3.17.5 Acquisitions, Divestitures & Major Contracts 148

3.17.6 Selected 2002 Press Releases 148

3.17.7 Group Personnel 149

3.17.8 Group Financials 150

3.17.9 Sales of Electricity Generation, Transmission and Distribution Equipment 151

3.17.10 Other Corporate Data 151

3.18 SIEMENS 153

3.18.1 Address 153

3.18.2 Company History 153

3.18.3 Summary of Operations 154

Information & Communications 154

Automation & Control 154

Power 154

Transportation 154

Medical 154

Lighting 154

Others 154

3.18.4 Financial Highlights 156

3.18.5 Acquisitions, Divestitures & Major Contracts 156

3.18.6 Selected 2002 Press Releases 157

3.18.7 Group Personnel 158

3.18.8 Group Financials 159

3.18.9 Sales of Electricity Generation, Transmission and Distribution Equipment 160

3.18.10 Other Corporate Data 160

3.19 SUMITOMO CORPORATION 163

3.19.1 Addresses 163

3.19.2 Company History 163

3.19.3 Summary of Operations 164

3.19.4 Financial Highlights 166

3.19.5 Group Personnel 167

3.19.6 Selected 2002 Press Releases - Sumitomo Electric 168

3.19.7 Selected 2002 Press Releases - Sumitomo Heavy Industries 169

3.19.8 Other Sumitomo Corporation Companies 169

3.19.9 Group Financials 170

3.19.10 Sales of Electricity Generation, Transmission and Distribution Equipment 172

3.19.11 Other Corporate Data 172

3.20 TOSHIBA 175

3.20.1 Address 175

3.20.2 Company History 175

3.20.3 Summary of Operations 176

3.20.4 Financial Highlights 177

3.20.5 Acquisitions, Divestitures & Major Contracts 177

3.20.6 Selected 2002 Press Releases 178

3.20.7 Group Personnel 178

3.20.8 Group Financials 179

3.20.9 Sales of Electricity Generation, Transmission and Distribution Equipment 180

3.20.10 Other Corporate Data 180

3.21 VA TECHNOLOGIE AG 183

3.21.1 Address 183

3.21.2 Company History 183

3.21.3 Summary of Operations 184

3.21.4 Financial Highlights 184

3.21.5 Acquisitions, Divestitures & Major Contracts 185

3.21.6 Selected 2002 Press Releases 185

3.21.7 Group Personnel 186

3.21.8 Group Financials 186

3.21.9 Sales of Electricity Generation, Transmission and Distribution Equipment 187

3.21.10 Other Corporate Data 187

3.22 WEG 189

3.22.1 Address 189

3.22.2 Company History 189

3.22.3 Summary of Operations 190

3.22.4 Financial Highlights 190

3.22.5 Acquisitions, Divestitures & Major Contracts 191

3.22.6 Group Personnel 191

3.22.7 Sales of Electricity Generation, Transmission and Distribution Equipment 191

3.22.8 Other Corporate Data 192

3.23 YASKAWA 193

3.23.1 Address 193

3.23.2 Company History 193

3.23.3 Summary of Operations 194

3.23.4 Financial Highlights 195

3.23.5 Acquisitions, Divestitures & Major Contracts 195

3.23.6 Group Personnel 196

3.23.7 Group Financials 197

3.23.8 Sales of Electricity Generation, Transmission and Distribution Equipment 198

3.23.9 Other Corporate Data 198

4.DIRECTORY FOR THE MAJOR ELECTRICAL MANUFACTURERS 201

4.1 ABB 201

4.2 ALSTOM 226

4.3 BHEL 237

4.4 COOPER 238

4.5 EATON 240

4.6 EMERSON 244

4.7 FUJI 248

4.8 GE 253

4.9 HITACHI 259

4.10 INVENSYS 264

4.11 LEGRAND 265

4.12 LG 268

4.13 MEIDENSHA 270

4.14 mitsubishi 271

4.15 pirelli 277

4.16 rockwell 282

4.17 SCHNEIDER ELECTRIC 288

4.18 siemens 296

4.19 SUMITOMO 310

4.20 toshiba 312

4.21 va tech 316

4.22 weg 321

4.23 yaskawa 323

1.Introduction 1

1.1 Objectives 1

1.2 Methodology 1

2.RECAPITULATIVE TABLES 3

Company Sales, 1998-2001 (US$ Million) 3

Company Net Income, 1998-2000 (US$ Million) 4

Number of Employees by Company, 1998-2001 5

3.PROFILES OF THE MAJOR ELECTRICAL MANUFACTURERS 7

3.1 ABB 7

ABB Company Sales by Business Segment, 1999-2001 (US$ Million) 9

ABB Statistical Data, 1998-2001 (US$ Million) 10

ABB Group Financial Highlights, 1998-2001 (US$ Million) 13

ABB Sales by product segment, 1999-2001 (US$ Million) 14

ABB Employees, 2000-2001 15

ABB Sales per Region, 2001 (%) 15

ABB's Main Competitors by Business Segment 16

3.2 ALSTOM 17

Alstom Company Sales by Business Segment, 1999 - 2001 (US$ Million) 18

Alstom Statistical Data, 1999 - 2001 (US$ Million) 19

Alstom Financial Highlights, 1998-2001 (US$ Million) 22

Alstom Sales by product segment, 1999-2000 (US$ Million) 23

Alstom Employees by Business Segment, 1999 - 2001 23

Alstom Sales per Business Segment, 2000 (%) 24

Alstom's Main Competitors by Business Segment 25

3.3 BHEL - Bharat Heavy Electricals Limited 27

BHEL Company Sales by Business Segment, 1998 - 2001 (US$ Million) 28

BHEL Statistical Data, 1998-2001 (US$ Million) 29

BHEL Financial Highlights, 1998-2001 (US$ Million) 31

BHEL Sales by product segment, 1999-2000 (US$ Million) 32

BHEL Sales per Business Segment, 2001 (%) 32

BHEL's Main Competitors by Business Segment 33

3.4 COOPER 35

Cooper Statistical Data, 1998-2001 (US$ Million) 37

Cooper Financial Highlights, 1998-2001 (US$ Million) 39

Cooper Sales by product segment, 1999 - 2000 (US$ Million) 40

Cooper Sales per Region, 2001 (US$ Million) 40

Cooper's Main Competitors by Business Segment 41

3.5 EATON 43

Eaton Company Sales by Business Segment, 1998 - 2000 (US$ Million) 46

Eaton Statistical Data, 1998 - 2001 (US$ Million) 46

Eaton Financial Highlights, 1998-2001 (US$ Million) 49

Eaton Sales by product segment, 1999-2000 (US$ Million) 50

Eaton Sales per Region, 2001 (%) 50

Eaton's Main Competitors by Business Segment 51

3.6 EMERSON 53

Emerson Company Sales by Business Segment, 1998-2001 (US$ Million) 55

Emerson Statistical Data, 1998-2001 (US$ Million) 56

Emerson Financial Highlights, 1999-2001 (US$ Million) 60

Emerson Sales by product segment, 1999-2000 (US$ Million) 61

Emerson Sales per Region, 2001 (%) 61

Emerson's Main Competitors by Business Segment 62

3.7 FUJI ELECTRIC 63

Fuji Electric Company Sales by Business Segment, 1999-2002 (US$ Million) 64

Fuji Electric Statistical Data, 1998-2002 (US$ Million) 65

Fuji Electric Financial Highlights, 2000 - 2002 (US$ Million) 67

Fuji Electric Sales by product segment, 1999-2000 (US$ Million) 68

Fuji Electric Sales per Region, 2001 (%) 68

Fuji Electric's Main Competitors by Business Segment 69

3.8 GE 71

GE Company Sales by Business Segment, 1998-2001 (US$ Million) 72

GE Statistical Data, 1998-2001 (US$ Million) 73

GE Financial Highlights, 1998-2001 (US$ Million) 76

GE Sales by product segment, 1999-2000 (US$ Million) 77

GE Sales per Region, 2000 (US$ Million) 77

GE's Main Competitors by Business Segment 78

3.9 HITACHI 79

Hitachi Company Sales by Business Segment, 1999-2002 (US$ Million) 80

Hitachi Statistical Data, 1998-2002 (US$ Million) 81

Hitachi Financial Highlights, 1999-2002 (US$ Million) 83

Hitachi Sales by product segment, 1999-2000 (US$ Million) 84

Hitachi Sales per Region, 2001 (%) 84

Hitachi's Main Competitors by Business Segment 85

3.10 INVENSYS 87

Invensys Company Sales by Business Segment, 1998-2002 (US$ Million) 88

Invensys Statistical Data, 1998-2002 (US$ Million) 89

Invensys Group Financial Highlights, 1999-2002 (US$ Million) 92

Invensys Sales by product segment, 1999-2000 (US$ Million) 93

Invensys Employees by Profession, 1999 - 2002 93

Invensys Sales per Region, 2001 (US$ Million) 94

Invensys Main Competitors by Business Segment 94

3.11 LEGRAND 95

Legrand Statistical Data, 1998-2001 (US$ Million) 96

Legrand Financial Highlights, 1998-2001 (US$ Million) 98

Legrand Sales by product segment, 1999-2000 (US$ Million) 99

Legrand Sales per Region, 2001 (US$ Million) 99

Legrand's Main Competitors by Business Segment 100

3.12 LG GROUP 101

LG Statistical Data, 2000-2001 (US$ Million) 103

LG Group Financial Highlights, 2000 - 2001 (US$ Million) 105

LG Sales by product segment, 1999-2000 (US$ Million) 106

LG Sales per Region, 2000 (US$ Million) 106

LG's Main Competitors by Business Segment 107

3.13 MEIDENSHA CORPORATION 109

Meidensha Company Sales by Business Segment, 1999-2000 (US$ Million) 110

Meidensha Statistical Data, 1998-2001 (US$ Million) 111

Meidensha Financial Highlights, 1999-2001 (US$ Million) 113

Meidensha Sales by product segment, 1999-2000 (US$ Million) 114

Meidensha Sales per Region, 2001 (%) 114

Meidensha's Main Competitors by Business Segment 115

3.14 MITSUBISHI 117

Mitsubishi Electric Company Sales by Business Segment, 1998-2001 (US$ Million) 119

Mitsubishi Heavy Industries Company Sales by Business Segment, 1998-2001 (US$ Million) 119

Mitsubishi Electric Statistical Data, 1998-2001 (US$ Million) 120

Mitsubishi Heavy Industries Statistical Data, 1998-2001 (US$ Million) 120

Mitsubishi Electric Financial Highlights, 1999-2001 (US$ Million) 123

Mitsubishi Heavy Industries Financial Highlights, 1998-2001 (US$ Million) 124

Mitsubishi Sales by product segment, 1999-2000 (US$ Million) 125

Mitsubishi Electric Sales per Region, 2000 (US$ Million) 125

Mitsubishi Heavy Industries Sales per Region, 2000 (US$ Million) 126

Mitsubishi's Main Competitors by Business Segment 127

3.15 PIRELLI 129

Pirelli Company Sales by Business Segment, 1998-2001 (US$ Million) 130

Pirelli Employees by Division, 1998 - 2001 131

Pirelli Group Financial Highlights, 1998-2001 (US$ Million) 133

Pirelli Sales by product segment, 1998-1999 (US$ Million) 134

Pirelli Sales per Region, 2001 (%) 134

Pirelli's Main Competitors by Business Segment 135

3.16 ROCKWELL 137

Rockwell Company Sales by Business Segment, 1999-2001 (US$ Million) 138

Rockwell Statistical Data, 1999-2001 (US$ Million) 139

Rockwell Financial Highlights, 1999-2001 (US$ Million) 141

Rockwell Sales by product segment, 1999-2000 (US$ Million) 142

Rockwell Sales per Region, 2000 (%) 142

Rockwell's Main Competitors by Business Segment 143

3.17 SCHNEIDER ELECTRIC 145

Schneider Company Sales by Business Segment, 1999-2001 (US$ Million) 147

Schneider Statistical Data, 1998-2001 (US$ Million) 147

Schneider Financial Highlights, 1998-2001 (US$ Million) 150

Schneider Sales by product segment, 1999-2000 (US$ Million) 151

Schneider Sales per Region, 2000 (US$ Million) 151

Schneider's Main Competitors by Business Segment 152

3.18 SIEMENS 153

Siemens Company Sales by Business Segment, 1999-2001 (US$ Million) 155

Siemens Statistical Data, 1998-2001 (US$ Million) 156

Siemens Financial Highlights, 1999-2001 (US$ Million) 159

Siemens Sales by product segment, 1999-2000 (US$ Million) 160

Siemens Sales per Region, 2000 (US$ Million) 160

Siemens' Main Competitors by Business Segment 161

3.19 SUMITOMO CORPORATION 163

Sumitomo Heavy Industries Company Sales by Business Segment, 1998-2001 (US$ Million) 165

Sumitomo Electrical Industries Company Sales by Business Segment, 1998-2002 (US$ Million) 166

Sumitomo Heavy Industries Statistical Data, 1998-2001 (US$ Million) 166

Sumitomo Electric Industries Statistical Data, 1998-2002 (US$ Million) 167

Sumitomo Heavy Industries Group Financial Highlights, 1999-2001 (US$ Million) 170

Sumitomo Electric Industries Group Financial Highlights, 1999-2002 (US$ Million) 171

Sumitomo Sales by product segment, 1998 - 1999 (US$ Million) 172

Sumitomo Sales per Region, 2000 (US$ Million) 172

Sumitomo's Main Competitors by Business Segment 173

3.20 TOSHIBA 175

Toshiba Company Sales by Business Segment, 1999-2001 (US$ Million) 176

Toshiba Statistical Data, 1998-2001 (US$ Million) 177

Toshiba Financial Highlights, 1999-2001 (US$ Million) 179

Toshiba Sales by product segment, 1999-2000 (US$ Million) 180

Toshiba Sales per Region, 2000 (US$ Million) 180

Toshiba's Main Competitors by Business Segment 181

3.21 VA TECHNOLOGIE AG 183

VA Tech Company Sales by Business Segment, 1999-2001 (US$ Million) 184

VA Tech Statistical Data, 1998 - 2001 (US$ Million) 184

VA Tech Financial Highlights, 1998-2001 (US$ Million) 186

VA Tech Sales by product segment, 1999 - 2000 (US$ Million) 187

VA Tech Sales per Region, 2000 (US$ Million) 187

VA Tech's Main Competitors by Business Segment 188

3.22 WEG 189

WEG Company Sales by Business Segment, 1998 - 2001 (US$ Million) 190

WEG Statistical Data, 1998 - 2001 (US$ Million) 190

WEG Sales by product segment, 1999-2000 (US$ Million) 191

WEG Sales per Region, 2000 (US$ Million) 192

WEG's Main Competitors by Business Segment 192

3.23 YASKAWA 193

Yaskawa Company Sales by Business Segment, 1999 - 2001 (US$ Million) 194

Yaskawa Statistical Data, 1998-2002 (US$ Million) 195

Yaskawa Financial Highlights, 1999-2001 (US$ Million) 197

Yaskawa Sales by product segment, 1999 - 2000 (US$ Million) 198

Yaskawa Sales per Region, 2001 (%) 198

Yaskawa's Main Competitors by Business Segment 199

4.DIRECTORY FOR THE MAJOR ELECTRICAL MANUFACTURERS 201

4.1 ABB 201

4.2 ALSTOM 226

4.3 BHEL 237

4.4 COOPER 238

4.5 EATON 240

4.6 EMERSON 244

4.7 FUJI 248

4.8 GE 253

4.9 HITACHI 259

4.10 INVENSYS 264

4.11 LEGRAND 265

4.12 LG 268

4.13 MEIDENSHA 270

4.14 mitsubishi 271

4.15 pirelli 277

4.16 rockwell 282

4.17 SCHNEIDER ELECTRIC 288

4.18 siemens 296

4.19 SUMITOMO 310

4.20 toshiba 312

4.21 va tech 316

4.22 weg 321

4.23 yaskawa 323