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29-647: The concept of damming the Rhone had been discussed since the 19th century. In 1906 the Harlé-Blondel-Mähl group published a proposal for a great dam at Génissiat. They were supported by the Groupe Giros-Loucheur and by Schneider . They had to compete with a rival proposal by a Franco-Swiss group, and both groups appealed to geologists to support their claims. The French speleologist and expert on limestones Édouard-Alfred Martel declared that

58-476: A city limit. Since 2001, there has been significant change in the geographical distribution of the companies in the Global 500 rankings. Most of this growth is accounted for by a rapid increase in the number of Chinese Global 500 companies, of which there were 135 by 2021, increasing from only 10 in 2001. The share of European -based companies also declined, from 158 to 143, over the same period. The following

87-506: A supplier of industrial control and MES software. In January 2023, Schneider Electric's acquisition of Aveva was finalized. In November 2023, Schneider Electric finalized its acquisition of EcoAct, a company devoted to climate consulting and net-zero solutions. After 18 month in office, CEO Peter Herweck was removed by the board of directors and replaced with Olivier Blum in early November 2024. Fortune Global 500 The Fortune Global 500 , also known as Global 500 ,

116-691: A truly global list of top industrial corporations as ranked by sales. Since 1995, the list has had its current form, listing also top financial corporations and service providers by revenue. Several inconsistencies exist in Fortune 's ranking of cities with the most Fortune 500 headquarters. On June 3, 2011, the Atlanta Business Chronicle stated examples of Fortune including regional headquarters for some cities, excluding regional headquarters for other cities and in some cases excluding headquarters that are physically located inside

145-452: A vertical conduit. The dam was completed in late 1947, and after being impounded was filled on 19–20 January 1948 in under 36 hours. The power plant was connected to Lyon and Paris via high-voltage lines. The first turbine was started in March 1948, and the others between May 1948 and 1957. The crest of the dam supports a road, and can be crossed on foot or by car. By the end of 1949, Génissiat

174-560: Is a French multinational corporation that specializes in digital automation and energy management. Schneider Electric is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index . In fiscal year 2023, the company posted revenues of €35.9 billion. Schneider Electric is the parent company of Square D , APC , AVEVA and others. It

203-464: Is also a research company. In 1836, brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France . Two years later, they founded Schneider-Creusot, the company that would eventually become Schneider Electric. Initially, Schneider-Creusot specialized in the production of steel, heavy machinery, and transportation equipment. In 1871, following France's defeat in

232-467: Is an annual ranking of the top 500 corporations worldwide as measured by revenue . The list is compiled and published annually by Fortune magazine. Until 1989, it listed only non– United States industrial corporations under the title "International 500" while the Fortune 500 contained and still contains exclusively United States corporations. In 1990, United States companies were added to compile

261-549: Is the list of Top 10 companies in 2023: These are the Top 10 countries/territories with the highest revenues from the Top 500 companies as of August 2023: As of August 2023 , 28 (6%) of the Fortune Global 500 companies are located outside East Asia , North America , and Europe : The following are the top-ranked companies in 2023 for each sector: The following is the list of Top 10 companies in 2022: These are

290-422: Is the list of Top 10 companies: Fortune had previously listed Shell as a British/Dutch company, but as of the 2016 listing it is listed as Dutch. As of November 2017 , this is the list of the Top 10 countries with the most Global 500 companies: The Global 500 includes Unilever under the heading "Britain/Netherlands", as the company is counted in the tally for both countries. As can be seen from

319-634: The Franco-Prussian War , the company significantly developed its capacity for weapons manufacturing. Over the first half of the 20th century, Schneider-Creusot continued to grow, establishing manufacturing sites in France and abroad, including in pre-Soviet Russia and Czechoslovakia. In the 1960s, following the death of Charles Schneider , Schneider-Creusot was absorbed by Belgium's Empain group , which merged Schneider-Creusot with its corporate structures to form Empain-Schneider . In 1981,

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348-588: The Compagnie Nationale du Rhône. The Compagnie Nationale du Rhône (CNR) was founded in 1933 to undertake construction and operation of the dam. In 1934 the state granted the concession to harness the river. The architects were Léon Bazin , Pierre Bourdeix and Albert Laprade . Pierre Danel was the engineer of the spillways and Paul Galabru was the overseeing engineer. Preliminary work began in February 1937, and official authorization to undertake

377-583: The Empain family sold its controlling stake to Paribas . In the 1980s and 1990s, the company, once again operating under the Schneider name, divested from steel and shipbuilding and, through strategic acquisitions, began to focus on the electricity sector. These acquisitions included Télémécanique in 1988, Square D in 1991, and Merlin Gerin  [ fr ] in 1992. In January 1999, Schneider acquired

406-466: The Entreprise de Construction du Barrage de Génissiat (ECBG) was created, a consortium of public works companies. In June 1940, the site was flooded. After the armistice between France and Germany of 22 June 1940, work resumed slowly. Many of the workers joined the underground resistance, and there were several incidents, including a deadly one on 12 February 1944. The project restarted in 1945 after

435-480: The Génissiat scheme was pure folly: It would be impossible to anchor the dam in the limestone, which was anyway porous and would not retain the water. The Swiss Maurice Lugeon , a specialist in large dams, refuted his arguments, declaring that the limestone would hold and calling Martel an amateur experimental geologist. There was no immediate outcome to this debate, but later Lugeon's views were confirmed by tests by

464-672: The Scandinavian switch-maker Lexel. Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector. In 2000, Schneider Electric acquired the French controls-maker Crouzet Automatismes from Thomson-CSF and the Swiss motion control specialist SIG Positec from SIG Group . In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer American Power Conversion for $ 6.1 billion. The following February,

493-423: The Top 10 countries with the highest revenues from the Top 500 companies as of August 2022: As of August 2022 , 26 (5%) of the Fortune Global 500 companies are located outside East Asia , North America , and Europe : The following are the top-ranked companies in 2022 for each sector: The following is the list of Top 10 companies: As of August 2021 , this is the list of the Top 10 countries with

522-546: The United Kingdom) are the world's largest economies as estimated by the IMF ( List of countries by GDP (nominal) ). Among the Global 500, 379 companies (75.8%) are from these six countries. The following are the top-ranked companies in 2018 for each sector: The following are the top-ranked companies in 2018 for each industry: Most profitable The following is the Global 500 list sorted by profits: The following

551-604: The company is counted in the tally for both countries. As shown in the table above, 436 (87.2%) of the Global 500 are represented by only 10 countries: two in North America (Canada and United States), five in Western Europe (France, Germany, Netherlands, Switzerland and the United Kingdom) and three in East Asia (China, Japan and South Korea). Moreover, the top six (United States, China, Japan, Germany, France and

580-485: The company is counted in the tally for both countries. The following are the top-ranked companies in 2020 for each sector: As of August 2020 , just 24 (5%) of the Fortune Global 500 companies are located outside East Asia, North America, and Europe: The following is the list of Top 10 companies: As of July 2019 , this is the list of the Top 10 countries with the most Global 500 companies: The Global 500 includes Unilever & Royal Dutch Shell under

609-400: The heading "Britain/Netherlands", as the company is counted in the tally for both countries. The following are the top-ranked companies in 2019 for each sector: The following is the list of Top 10 companies: As of July 2018 , this is the list of the Top 10 countries with the most Global 500 companies: The Global 500 includes Unilever under the heading "Britain/Netherlands", as

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638-421: The highest revenues Top 500 companies: As of August 2021 , just 21 (4%) of the Fortune Global 500 companies are located outside East Asia, North America, and Europe: The following is the list of Top 10 companies: As of August 2020 , this is the list of the Top 10 countries with the highest earning Top 500 companies: The Global 500 includes Unilever under the heading "Britain/Netherlands", as

667-611: The majority shareholder of Aveva , a provider of engineering and industrial software based in the UK. The next year, it acquired the Indian multinational Larsen & Toubro's electrical and automatic business in a cash deal for ₹ 140 billion (US$ 1.7 billion). In February 2020, Schneider made a €1.4 billion takeover bid for German company RIB Software , closing the deal in July 2020. Also in 2020, Schneider Electric acquired ProLeiT AG,

696-506: The move was finalized following its approval by the European Commission . In June 2010, Schneider and the rolling stock manufacturer Alstom jointly purchased Areva's transmission and distribution businesses in a transaction totaling $ 2.73 billion. In 2016, Schneider acquired Tower Electric, a British company that manufactured fixings and fastenings for construction and electrical firms. In 2017, Schneider Electric became

725-560: The project was granted on 21 June 1938. The Léon Chagnaud et fils company was given the contract to divert the Rhone from the site. They built a temporary dam from steel rods and rock to divert the water into two underground channels, both 12 metres (39 ft) wide, 8 metres (26 ft) high and 500 metres (1,600 ft) long. The diversion was opened successfully in April 1939, handling 500 cubic metres (18,000 cu ft) per second of water. World War II caused delays. On 21 March 1940,

754-426: The river over an impressive "ski jump". The dam handles water volumes that vary from over 735 cubic metres (26,000 cu ft) per second down to under 358 cubic metres (12,600 cu ft) per second depending on snow run-off volumes and rainfall. The hydroelectric station, 143 metres (469 ft) wide by 50 metres (160 ft) high, was designed for six main groups of turbines, each supplied with water by

783-430: The table above, 425 (85.0%) of the Global 500 are represented by only 10 countries: two in North America (Canada and United States), five in Western Europe (France, Germany, Netherlands, Switzerland, and the United Kingdom) and three in East Asia (China, Japan and South Korea). Moreover, the top six (United States, China, Japan, France, Germany, and the United Kingdom) are some of the world's largest economies as estimated by

812-558: The war ended. Three housing estates were built for the workers, with health services and sports and cultural facilities. Most of the concrete was poured between 1946 and 1947, using aggregate delivered by two cable cars from a gravel pit in Pyrimont , 6 kilometres (3.7 mi) downstream. Two spillways were built: an underground channel carrying 1,300 cubic metres (46,000 cu ft) per second and an open channel carrying 2,700 cubic metres (95,000 cu ft) per second, which joins

841-616: Was the largest hydroelectric power plant in Europe. Between 1954 and 1961 the artery from Génissiat to Paris was upgraded in stages from 225 kv to 380 kv. A monument to the people who died during the dam's construction was consecrated in October 1995. It stands at the entrance to the Génissiat cemetery. The names show that workers came from Italy, Algeria and Poland to help in the construction. Citations Sources Further reading Schneider Electric Schneider Electric SE

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