Suez (company)
From Wikipedia, the free encyclopedia
| Suez | |
|---|---|
 |
|
| Type | Public (Euronext: SZE, NYSE: SZE, LuxSE: LYO) |
| Founded | 1858 |
| Headquarters | Paris |
| Key people | Gérard Mestrallet, Chairman & CEO |
| Industry | Environmental services and Energy |
| Products | Water Energy Gas Waste management |
| Revenue | $55.2 billion (2004) |
| Employees | 160,700 (2004) |
| Website | www.suez.com |
Suez (Euronext: SZE, NYSE: SZE, LuxSE: LYO) is a leading French-based multinational corporation, with operations primarily in water, electricity and natural gas supply, and waste management. It is the result of a 1997 merger between the Compagnie de Suez and Lyonnaise des Eaux, a leading French water company. In the early 2000s Suez owned some media and telecoms assets, but was in the process of divesting these.
According to the Masons Water Yearbook 2004/5, Suez serves 117.4 million people around the world.
Contents |
[edit] History
Suez is one of the oldest continuously existing multinational corporations in the world, with one line of corporate history dating back to the 1822 founding of the Algemeene Nederlandsche Maatschappij ter begunstiging van de volksvlijt (literally: General Dutch Company for the favouring of industry) by King William I of the Netherlands (see Société Générale de Belgique). Its current form is the result of nearly two centuries of reorganisation and corporate mergers. Its current name comes from the involvement of one of its several founding entities - the Compagnie universelle du canal maritime de Suez - in building the Suez Canal in the mid-19th century. Beginning of 2006, Suez announced a merger with Gaz de France.
[edit] Environmental Record
The Suez Group has most notedly been involved in water and waste services and reclamation. Recently the company partnered with Chongqing Water Group. The Suez Group is invested in helping the Chinese corporation in its efforts to maintain a healthy environment through its business practices. The Suez website and press release offers information on the demonstration of their concerns and support for work to conserve the environment.[1]In the contract signed for the China water deal, The Suez Group will construct two water plants that will control pollution. In addition, an incineration plant will also be used to transform waste into energy in a environmentally efficient undertaking.[2]
The Group's Environmental protection practices are worldwide, reaching wastewater plants in China as well as Qatar. The Suez Group is contracted with Marubeni to design, construct, and operate a new plant. The largest treatment plant (near Doha) in Qatar treats and reuses the water for over 500,000 people in the area.[3]
With the production of electric power plants, The Suez Group remains environmentally conscious. Their Electrabel will use hydraulic power in the new plant in Fos-sur-Mer, France. The plant will be a GT26 Combined Cycle power plant with “reliability” a promise for low environmental impact due to the technology that will rely on hydraulic, wind, and nuclear resources for power generation. A mentioned effect of this is the reduction of CO2 emission made possible by the implementation of these systems. [4]
[edit] Merger with Gaz de France
On February 25, 2006, French Prime minister Dominique de Villepin announced the merger of Suez and Gaz de France, which would make the first world liquefied natural gas company.[5] The revenue of GDF is about 22.4 billions euros in 2005, compared to 41.5 billions for Suez. The CGT trade-union called the merger a "disguised privatization."[6]
On 3 September 2007, Gaz de France and Suez announced agreed terms of merger. The merger would be on the basis of an exchange of 21 Gaz de France shares for 22 Suez shares via the absorption of Suez by Gaz de France. The French state would hold more than 35% of shares of the merged company, GDF Suez.[7] As a consequence of the conditions posed by the European Commission with regadrs to allowing the merger, on 29 May, 2008 Suez sold its Belgian gas supplier Distrigas to the Italian Eni.
[edit] Corporate governance
Current members of the board of directors of Suez are: Edmond Alphandery, Antonio Brufau, René Carron, Gerhard Cromme, Étienne Davignon, Paul Desmarais, Jr., Richard Goblet D'Alviella, Jacques Lagarde, Anne Lauvergeon, Gérard Mestrallet, Jean Peyrelevade, Thierry de Rudder, Jean-Jacques Salane, and Lord Simon of Highbury.
[edit] Major subsidiaries
- Suez Energy International — energy
- Suez Environment — water and waste
- Sita — waste management
- Degremont — Water & WasteWater treatment engineering [1]
- Electrabel — electricity in Europe (first in Belgium)
- ELIA — high tension electricity grid operator in Belgium (TSO)
- Fluxys — high pressure gas grid operator in Belgium
- United Water — water in the United States, also Adelaide, Australia
- Elyo Services — Building services / facilities management
- Tractebel Engineering — International engineering consultancy
[edit] References
- ^ SUEZ Environnement - Water and Waste treatment
- ^ WaterWorld - Bumper crop of contracts for SUEZ Environment in China
- ^ DEGREMONT, SUEZ Group, win a USD 260 million contract to design, build and operate a wastewater treatment plant in Qatar
- ^ Alstom Wins Second Contract with Suez Group's Electrabel for a GT26 Combined Cycle... | Reuters
- ^ http://www.lemonde.fr/web/article/0,1-0@2-3234,36-745348,0.html (subscription)
- ^ GDF-Suez petits arrangements avec la vérité. humanite.fr. Retrieved on 2006-09-25.
- ^ "Suez, Gaz De France Agree To New Merger Deal", RTT News, 2007-09-04. Retrieved on 2007-09-04.
[edit] External links
- Suez website
- Suez Environment - water/waste
- Yahoo! - Suez Environnement Company Profile
- Suez stock chart by GStock
- Tractebel website
- Suez Energy Summary and analysis
|
|||||
|
|||||
.svg/22px-Flag_of_Belgium_(civil).svg.png){kind=small}
