Country Commercial Guides
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CHAPTER X. ECONOMIC AND TRADE STATISTICS
APPENDIX A - COUNTRY DATA 1. PROFILE POPULATION: 60 million RELIGION: 90% Roman Catholics, 5% Muslim, 2% Protestants, 1% Jewish, 2% unaffiliated GOVERNMENT: Republic Head of State: Jacques Chirac Head of Gov't: Lionel Jospin LANGUAGE: French WORK WEEK: 39 hours CONTACTS: - The Commercial Service Minister Counselor for Commercial Affairs: Kevin Brennan TEL: (33) 1.43.12.23.57; FAX: (33) 1.43.12.24.12 E-mail: Kevin.Brennan@mail.doc.gov Internet: http://www.amb-usa.fr/fcs/fcs.htm http://www.sce.doc.gov Country Desk Officer: Paul Dacher TEL: (202) 482-6008; FAX: (202) 482-2897 E-mail: Paul_Dacher@ita.doc.gov US&FCS Regional Director/Europe: Carlos Poza TEL: (202) 482-1599; FAX: (202) 482-1599 & 3159 Carlos.Poza@mail.doc.gov - U.S. Department of Agriculture - Foreign Agricultural Service Minister Counselor for Agricultural Affairs: Frank Piason TEL: (33) 1.43.12.22.77, FAX: (33) 1.43.12.26.62, E-mail: fasparis@compuserve.com APPENDIX B.: DOMESTIC ECONOMY DOMESTIC ECONOMY (USD Millions) 1998 1999 2000 GDP (current USD, billions) 1401 1391 1422 GDP real growth rate (percent) 3.2 2.3 2.6 GDP per capita (USD) 23,818 23,568 23,987 Government spending as 54.3 54.1 53.6 a percentage of gdp Inflation - CPI (percent) 0.7 0.9 1.1 Unemployment rate (percent) 11.8 11.3 10.8 Foreign Exchange Reserves 71 n/a n/a (Current USD billions) Average Exchange Rate 5.899 6.092 6.180 (Francs per USD) Note: forecasts and assumptions for 1999 and 2000 are based on OECD Economic Outlook of June 1999 MAJOR AMERICAN EXPORTS TO FRANCE - 1998 Rank/HS Description Exports (in USD millions) 1/714 Engines & motors, nonelect & parts, n.e.s. 2,460 2/792 Aircrafts & associated equip.; spacecraft vehicles & Parts 1,893 3/759 Parts etc for office machine & auto data processing machines 797 4/752 Automatic Data processing machines & units thereof 793 5/874 Measuring/checking/analysing & control instruments n.e.s. 745 6/776 Thermionic, cold cathode, photocathode valves etc. 721 7/764 Telecommunications equipment, n.e.s. & parts, n.e.s. 505 8/872 Instruments & appiances, n.e.s, for medical, dental etc.purpose 477 9/994 Estimate low value shipments; can low value & n.i.k. 454 10/541 Medicinal etc. products, except medicaments 420 11/598 Miscellaneous chemical products, n.e.c. 294 12/515 Organo-inorganic & heterocyclic compounds etc 290 13/778 Electrical machinery and apparatus 261 14/774 Electro-diagnostic apparatus 251 15/784 Parts & accessories of motor vehicles, etc. 210 16/542 medicaments (including veterinary medicaments) 207 17/743 Pumps, air or other gas compressors & fans 205 18/896 Work of arts, collectors'pieces & antiques 204 19/728 Machinery etc. specialized for particular industries n.e.s. 199 20/251 Pulp & waste paper 251 MAJOR AMERICAN IMPORTS FROM FRANCE - 1998 Rank / HS Description Imports(in USD millions) 1/792 Aircrafts & associated equip.; spacecraft vehicles & Parts 3,023 2/714 Engines & motors, nonelect & parts, n.e.s. 2,667 3/896 Work of arts, collectors'pieces & antiques 1,451 4/112 Alcoholic beverages 1,405 5/776 Thermionic, cold cathode, photocathode valves etc. 932 6/784 Parts & accessories of motor vehicles, etc. 855 7/931 Special transactions & commodities not classified by kind 796 8/553 Perfumery, cosmetics, or toilet preparations, except soaps 619 9/515 Organo-inorganic & heterocyclic compounds etc 448 10/728 Machinery etc. specialized for particular industries n.e.s. 354 11/874 Measuring/checking/analysing & control instruments n.e.s. 327 12/723 Civil engineering & contractors' plant & equipment 322 12/722 Tractors (other than mechanical handling equipment) 322 14/542 Medicaments (including veterinary medicaments) 293 15/541 Medicinal etc. products, except medicaments 290 16/984 Estimate low value import transactions 268 17/772 Electrical apparatus for switching or protect. Elect. circuits 251 17/514 Nitrogen-function compounds 251 17/673 Iron & nonalloy steel flat-roll products, non clad etc. 251 20/665 Glassware 240 * HS refers to the Harmonized System by which goods are classified for the purpose of international trade Source: http://www.ita.doc.gov/industry/otea/usfth/top80cty /france.cp Average Exchange rate for CY 1998: USD 1 = FF 5.90 Source: Department of Treasury TOTAL FRENCH IMPORTS OF FOOD AND AGRICULTURAL PRODUCTS AND U.S. MARKET SHARE VALUE CY 1998 Total From U.S. % U.S. --------------- in U.S. Million ----------------- High Value Products: - Meat and Offals 2,872 29 1.0 - Dairy and Eggs 2,114 2 0.1 - Coffee, Tea and Spices 1,179 1 0.1 - Manufactured Tobacco 1,610 7 0.4 - Prepared Meat 265 - -- - Fish and Seafood, Fresh or Frozen 2,638 107 4.1 - Prepared Fish & Seafood 792 7 0.9 - Processed Grains 222 1 0.4 - Sugar & Confectionery 561 5 0.1 - Cocoa & Chocolate 1,465 3 0.2 - Prepared Grain Products 1,498 11 0.7 - Fresh & Dry Vegetables 1,499 29 1.9 - Fresh & Dried Fruits 2,537 118 4.6 - Processed Fruits & Vegetables (1) 1,759 81 4.6 - Misc. Food Preparations 957 31 3.2 - Beverages (except spirits) 1,262 14 1.1 - Spirits 510 29 5.7 Sub Total High Value Products 23,740 475 2.0 Sub Total Bulk Products (*) 7,803 505 6.5 TOTAL HIGH VALUE + BULK PRODUCTS 31,543 980 3.1 (*) Includes live animals & animal products, nursery products, grains, oilseeds and seeds, plants for weaving, vegetable extracts, fats and oils, protein meals and other feeds, wood, unmanufactured tobacco and raw products (i.e., cotton, silk, wool & other animal hair, raw hides and skins) - Means nil or insignificant 1/ Including fruit juices Source: French Customs APPENDIX C - TRADE MERCHANDISE TRADE (USD billions, except as noted) 1997 1998 1999 Total Exports (F.O.B.) 285 300 303 excl. military equipment Total Imports (C.I.F) 270 286 293 excl. military equipment Exports to US (F.O.B.) 19 22 22 excl. military equipment Imports from US (C.I.F.) 23 25 25 excl. military equipment U.S. share of imports 8.9 8.9 8.9 (percent)excl. military equipment Trade balance -3.1 -3.1 -3.4 with the US Average real growth rate of imports from world (percent) 9.8 7.1 5.3 Average real growth rate of imports of manufactured products from the US 14.7 11.5 8.2 Trade balances with three leading partners (CIF/FOB) -Germany 0.6 -1.3 -1.3 -Italy -0.0 1.1 -0.9 -United Kingdom 6.0 6.3 5.9 Source: Official French Government data Note: forecasts for 1999 are based on OECD Economic Outlook of June 1999 APPENDIX D: FOREIGN INVESTMENT STATISTICS Table1 - Inward FDI Stock by Country of Origin (1) (FF billions) 1995 1996 1997 OECD 678.3 727.4 849.2 EU, of which 446.2 480.1 574.5 Netherlands 121.2 130.8 142.9 United Kingdom 99.5 100.9 139.0 Germany 75 82.1 101.8 Belgium 55.2 62.7 69.8 Italy 54.5 50.3 56.4 Spain 6.7 9.7 11.5 Other (2) 34.1 43.6 53.1 North America, 154.8 157.6 172.0 of which USA 150.4 152.3 167.5 Canada 4.4 5.3 4.5 Other OECD 77.3 89.7 102.7 countries, of which Switzerland 62.1 69.8 82.3 Japan 12.3 15.3 16.8 Other 2.9 4.6 3.6 Non-OECD 25.7 26.4 36.7 countries, misc. Total 704.0 753.8 885.9 as a percent of GDP 9.1 9.5 10.8 (1) Booking value of investment excluding FF 3.1 billion in reinvested earnings which are not available on a geographical basis source: Bank of France Table 2 - Inward FDI Stock by Main Industrial Sector Destination (1) (FF billions) 1995 1996 1997 Companies (diversified) 173.4 154.4 (2) Banking 116.9 131.8 (2) Chemicals 77 90.2 (2) Wholesale/Retail Trade 67.8 71.3 (2) Food, drinks, tobacco 44.5 57.2 (2) Energy 29.2 29.4 (2) Office machines 22.7 24.5 (2) Transportation 24.3 22.1 (2) Paper, press,editing 17.0 19.5 (2) Insurance 17.1 16.3 (2) Other retail services 27.4 36.0 (2) Other 86.7 101.1 (2) Total 704.0 753.8 885.9 (1) Book value of investment (2) The Bank of France will publish data at the end of August 1999 source: Bank of France Table 3 - Inward FDI Flows by Country of Origin (1) (FF billions) 1996 1997 1998 OECD 115.5 125.9 (2) EU, of which: 85.4 94.4 United Kingdom 21.6 38.0 (2) Netherlands 19.8 12.1 (2) Germany 6.8 19.7 (2) Belgium 20.4 11.2 (2) Italy 4.5 6.1 (2) Spain 1.6 1.8 (2) Other 10.7 5.4 (2) North America, 19.2 15.8 (2) of which: USA 17.1 15.2 (2) Canada 2.1 0.6 (2) Other OECD countries, 10.9 15.4 (2) of which: Switzerland 9.7 12.4 (2) Japan 0.5 1.6 (2) Other 0.6 1.4 (2) Non-OECD Countries, misc. 2.3 6.3 (2) Total 117.8 132.3 165.4 as a percent of GDP 1.5 1.7 2.0 (1) Market value of investment (2) The Bank of France will publish data at the end of August 1999 source: Bank of France Table 4 - Outward FDI Stock by Country of Destination (1) (FF billions) 1995 1996 1997 OECD 764.5 819.8 989.2 EU, of which: 494.7 526.0 629.1 Netherlands 135.6 131.1 136.9 United Kingdom 85.9 94.8 133.8 Belgium 84.9 89.8 101.2 Germany 49.7 54.7 78.7 Spain 51.7 51.9 59.5 Italy 40.1 44.7 56.3 Other 46.8 59.0 62.7 North America, 187.7 214.7 262.7 of which: USA 176.5 202.9 249.8 Canada 11.2 11.8 12.9 Other OECD countries, 82.1 79.1 97.4 of which Switzerland 53.3 39.9 50.2 Other 28.8 39.2 47.2 Non-OECD Countries, misc. 139 190.7 218.2 Total 903.5 1010.5 1207.4 as a percent of GDP 11.7 12.71 14.7 (1) Book value of investment source: Bank of France Table 5 - Outward FDI Stock by Industrial Sector Destination (1) (FF billions) 1995 1996 1997 Banking 186.0 172.0 (2) Companies (diversified) 94.6 119.4 (2) Energy 91.6 109.6 (2) Insurance 77.9 86.5 (2) Chemicals 71.2 77.2 (2) Processed food 46.5 75.7 (2) Metallurgical industries 27.4 48.2 (2) Mechanical engineering industries 29.4 40.6 (2) Transportation 43.9 37.1 (2) Repairs, trade 38.3 35.7 (2) Hotels, restaurants 20.7 26.0 (2) Other 176 182.5 (2) Total 903.5 1010.5 (2) (1) Book value of investment source: Bank of France Table 6 - Outward FDI Flows by Country of Destination (1) (FF billions) 1996 1997 1998 OECD 118.4 166.0 (2) EU, of which: 75.5 103.1 (2) United Kingdom 8.5 39.0 (2) Germany 13.4 24.2 (2) Italy 11.3 11.6 (2) Spain 5.3 7.6 (2) Belgium 19.1 21.1 (2) Netherlands 11.9 5.8 (2) Other 6.0 -6.2 (2) North America, of which: 32.1 48.0 (2) USA 29.7 46.9 (2) Canada 2.4 1.1 (2) Other OECD countries, of which: 10.9 14.9 Switzerland 2.7 10.3 (2) Other (2) Non-OECD Countries, misc. 30.2 30.7 (2) Total 148.6 196.8 239.4 as a percent of GDP (1) Market value of investment (2) The Bank of France will publish data at the end of August 1999 source: Bank of France Table 7: Major Foreign Investors Today, foreign-controlled firms play a significant role in France's economy: they account for 22 percent of the workforce, 27 percent of capital expenditures, 30 percent of exports and 30 percent of production. Major foreign investors by industry include in approximate order by size: Agribusiness Eridania Beghin-Say (Montedison-ITA) Nestle (Nestle, SWIZ) Unilever France (Unilever, USA) Perrier-Vittel (Nestle, SWIZ) Cargill France (Cargill, USA) Kraft-Jacob-Suchard France (Philip Morris, USA) Unisabi and Mars Alimentaire (Mars, USA) Coca-Cola Beverages (Coca-Cola, USA) Heineken (Heineken, NL) G.H Mumm et Cie (Seagram, CAN) CPC France (Bestfoods, USA) Kellogg's Produits Alimentaire (Kellogg's, USA) Spillers Petfoods France (Dalgety, GB) Wrigley (Wrigley, USA) Salins du midi et Salines de L'est (Morton International, USA) Douwe Egberts France (Sara Lee, USA) Lindt et Sprungli(Lindt, SWIZ) Vamo Excel (Vandermoortele, Belgium) Schweppes-France (cadbury Schweppes, GB) Chemicals Solvay en France (Solvay, Belgium) Groupe BASF en France (Basf, GER) Exxon Chemical France (Exxon, USA) Groupe Kodak-Pathe (Eastman Kodak, USA) Bayer SA (Bayer A.G, GER) 3M France (3M, USA) Montell France (Montell, NL) SKW Biosystems (SKw Trostberg, GER) Hydro Agri France (Norsk Hydro, N) CIBA Specialites Chimiques (CIBA, SWIZ) Polimeri Europa France (Polimeri Europa, Italy) Dow France (Dow, USA) ICI France (ICI, GB) Pharmaceuticals/Cosmetics Novartis Groupe France (Novartis, SWIZ) Procter et Gamble (Procter et Gamble, USA) Laboratoire Glaxo Wellcome (Glaxo Wellcomme, GB) Laboratoires MSD-Chibret (Merck & Co, USA) Colgate-Palmolive (Colgate-Palmolive, USA) Lipha (Merck, GER) Smithkline Beecham (Smithkline & French, NL) Produits Roche (Roche, SWIZ) Lever (Unilever, NL) Lilly france (Eli Liily, USA) Pfizer (Pfizer, USA) Laboratoires Houde (HMR, GER) Janssen Cilag (Johnson & Johnson, USA) Schering-Plough (Scherico, SWITZ) Beiersdorf (Beiersdorf, GER) Laboratoires Roussel (Hoechst, GER) Plastics Valois (Aptargroup, USA) Recticel (Recticel, Belgium) Raccords et Plastiques Nicoll (Etex Group, Belgium) Perstorp (Perstorp, S) Wavin (Wavin BV, NL) UDD-FIM (Von Roll Isola, SWITZ) Viskase (Viskase, USA) Sofab (Rexam, GB) Thermo.Cousin-Tessier (Tessenderlo, Belgium) Isobox Technologies (Synbra, NL) Arizona Chemical (International paper, USA) Formica (Formica Int., USA) DSM engineering Plastic Products (Axxis, Belgium) Menzolit (Dynamit Nobel, GER) Plastival (Group Tessenderlo, Belgium) Schenectady Europe (Schenectady, CAN) Scott Bader (Scott Bader, GB) Coexpan France (Coexpan, E) Gidi Production (Groupe Otto, GER) Schmalbach Lubeca Pet Containers (Schnalbach Lubeca, GER) Stac Enichem (Enichem, ITA) Electronics /Information Technology Compagnie Francaise Philips (Philips, NL) Siemens (SIEMENS, GER) Sony France (Sony, J) EL. FI SA (El.Fi Spa, ITA) Motorola Semiconductors (Motorola Corp, USA) Nortel Matra Cellular Cellular (Nortel, CAN) Schlumberger Industries (Schlumberger, AND) Electrolux France (Electrolux, S) ASEA Brown Bovari (ABB, CH) Cables Pirelli (Pirelli, ITA) Canon France (Canon, NL) Texas Instruments France (Texas instruments, USA) Whirlpool France (Whirlpool Europe, USA) Nokia France (Nokia, SF) Merloni Electromanager (Merlonie Aristone) ITT Composants et Instruments (ITT, USA) SEW-USOCOME (SEW, GER) Solectron France (Slectron corp, USA) Osram (Osram, GER) Samsung Electronics France (Samsung, CRS) Tecnoffra (United Techno, USA) Machinery and Equipment AGCO Ex Massey-Ferguson (Varity, USA) John Deere (Deere, USA) Caterpillar France (Caterpillar, CH) Liebherr France (Liebherr Inter., CH) Baxter (Baxter Intern., USA) Roux Combaluzier Schindler (Schindler Holding, CH) Trane (American Stand, USA) Fenwick-Linde (Linde, GER) INA Roulements (Ina Waelzlager Schaeffler, GER) Becton Dickinson France (Becton Dickinson, USA) KSB (KSB, GER) Schindler (Schindler, CH) Heidelberg Webspress (Heidelberg Druckmaschinen, GER) Wartsila NSD France (Wartsila NSD, CH) Carrier (United Technologies, USA) Sanifrance Porcher Distribution (American Standard, USA) Wartsila Cummins (Wartsila NSD, SF) Still and Saxby (Linde, GER) La Continentale D'entreprises (Harwanne, CH) Viessman (Viessman, CH) Martin (Bobst, CH) Cresser rand (Dresser Rand, USA) PPM (Terex, USA) Pompes Salmson (Wilo Samson, GER) MIC (Jungheinrich, GER) Neopost (BC Partners, GB) Metals Industry Trefimetaux (KM Europa Metal, GER) Union Miniere France (Union Miniere SA, Belgium) Haironville (Cockerill Sambre, Belgium) GTS Industries (Dillinger Huttenwerke, GER) Sandvik (Sandvik Finance, NL) Lamines Marchands Europeens (Beltrame, ITA) Alcan France (Alcan Aluminium LTD, CAN) Fabrique de fer de Maubeuge (HB Holding, Belgium) Ferembal (Suiza Packaging Group, USA) Europipe France (Europipe, GER) Ferco International (Orba, GER) Beautor (Cockerill Sambre, Belgium) Spit (TW, USA) Reynolds Aluminium France (Reynolds, USA) Howmet (Carlyle & Thiokol, USA) Valmex (Textron, USA) Vachette (Assa Abloy, S) Bundy (TI Group, GB) Gallay (Mauser Werke, GER) Griset (Diehl Stiftung, GER) Redaelli Tecna, ITA) Transportation Equipment ANF Industrie (Bombardier, CAN) Messier Dowty (Messier Dowty Int., GB) Liebherr Aerospace Toulouse (Liebherr International, CH) Rohr Europe (Rohr Europe) Sarma (SKF, S) Secan (Allied Signal Aerospace, USA) Leisure, Jewelry, Paper Salomon (Adidas, GER) Groupe Hasbro France Waterman (Gilette, USA) Jeux Nathan (Ravensburger, GER) Editions Ravensburger (Ravensburger, GER) Energy Petroles Shell (Royal Dutch Company, NL/GER) BP France (BP Europe, GB) ESSO SAF (Exxon, USA) Fina France (Fina, Italy) Mobil Oil Francaise (Mobil, USA) AGIP Petroli (Agip Petroli, ITA) Fuchs Labo (FPOC, GER) Fuchs Lubrifiants Industrie (Fuchs, GER) Textile/Leather/Clothing DIM (Sara Lee, USA) Paul Hartmannn (Hartmann, GER) Hexcel Fabrics (Hexcel, USA) Playtex France (Sara Lee, USA) Filix Lastex (Worldtex, USA) Triumph International (Triumph Univer., CH) Jalla (Zucchi Basseti, ITA) Na-Pali (Quik Silver, USA) Eminence (Schiesser Eminence, CH) Mosley Badin (Mossley, GB) Venilia (Solvay, Belgium) Chaussures Bally France (Bally International, CH) Nordlys (Polymer Group, USA) Martel Catala SA (Albany International Holding-Selestat, USA) Benetton France (Benetton, ITA) Standard Wool France (Standard Wool, USA) CS- Interglas (CS Interglas AG, GER) Polo Europe (Polo International, Belgium) A.Lafont (Wagram Equity Partners, NL) Mossley Sartel (Mossley, GB) Bonar (Low and Bonar, GB) Levi Strauss France (Levi Strauss, USA) Sefar Flytis (Sefar Holding, CH) Communication/Printing Prisma Presse (Gruner + Jahr, GER) Imprimeries Quebecor (Quebecor, CAN) Polygram (Polygram Int., NL) Editions Atlas(Di Agostini, N) Ogilvy et Mather (WPP, GB) Emap France (Emap, GB) Buena Vista Home Entertainment France (Walt Disney, USA) Selection du Reader's Digest (Reader's Digest, USA) Les Echos (Pearson, GB) Moore France (Moore, CAN) Editions Lamy (Wolters Kluwer, NL) Groupe Liaisons (Wolters kluwer, NL) Warner Home Video (Time Warner, USA) CIC Video (CIC International, NL) Radio Nostalgie (RMC, Monaco) Eurodirect Marketing (Exacta, Monaco) Editions Technique et Touristiques (Motor Presse International, GER) Video Communication France (CLT, L) Avantages (IPC, GB) Rothmans International France (Rothmans Int., NL) Editions Scientifiques et Medicales Elsevier (Reed Elsevier, GB) Island Records France (Polygram, NL) Universal Music (MCA records, USA) Hemispheres (Burke Communication Holding) Burke Communication (Burke Communication Holding) Hebdo Mag France (Hebdo Mag Europe, NL) Imprimerie Georges Frere (Mercator Press, Belgium) Building (Materials) Ciments Francais (Cimenti, ITA) Imetal (Pargesa, GBL, Belgium) BPB Placo (BPB, GB) Origny (Holderbank, CH) RMC france (RMC, GB) PPG Industries Glass (PPG Industries, USA) Sediver (Santavaleria, ITA) Villeroy ET Boch (Vil & Boch, GER) Rockwool Isolation (Rockwool International, DK) Redland Couverture (Redland, GB) Siplast (Icopal, DK) Corning (Corning, USA) Pilkington France (Pilkington Group, GB) Armstrong Building Products (Armstrong Cork Finance Company, USA) Sifraco (Sibelco, Belgium) Newell (Newell, USA) VDG (Bormioli Rocco, ITA) Owens Corning Fiberglass France (Owens Corning, USA) Verreries de la Chapelle (Bormioli Rocco Int. ITA) Britax GECO (Britax International, GB) Vesuvius France (Groupe Cookson, GB) Carmeuse France (Carmeuse, Belgium) Migeon (Laufen, CH) Duravit (Duravit, GER) Master Builders Technologies (SKW Trosdberg, GER) Verretubex (Anchor Glass, GB) Pilkington Ouest (Pilkington, GB) Societe des Ceramiques Francaises (US Filter, USA) Schott Verrerie Medicale (Schott Zeiss France Holding, GER) BISCH (Keramick, CH) Distribution OCP (Gehe, GER) FIAT (FIAT, ITA) Ford France (Ford, USA) VAG France (VAG, GER) Opel France (Delphi/General Motors, USA) Cargill (Cargill, USA) Sony France (Sony, JAP) Primagaz (SHV Energy, NL) Darty (Kingfisher, GB) LDI France (Lidl, GER) Pum Station Service Acier (Cockerill Samb., BEL) Rank Xerox France (Rank Xerox, USA) BMW France (BMW, GER) IVECO/Fiat France (Fiat, ITA) Compagnie Continentale France (Continental Grain, USA) Brossette BTI (Wolseley, UK) Compaq France (Compaq, USA) Rover France (Rover Holding, UK) Worex (ESSO, USA) Lexmark International (Lexmark International, USA) Canon France (Canon, JAP) Nissan France (Nissan, JAP) Cica (Jardin Intl. Motor, UK) Schulze (Schulze, GER) Whirepool France (Whirepool, USA) Toshiba Systems (Toshiba, JAP) Meubles Ikea France (Ingeka, SWE) Dow France (Dow Chemical, USA) Texas Instruments (Texas Instruments, USA) Banks Sumitomo Bank (Tae Sumitomo Bank, JAP) BIP (Dresdner, GER) Sanwa Bank (Sanwa Bank, JAP) ABN-AMRO France (ABN-AMRO France) UBS France (UBS, SWIZ) SOVAC (General Electric, USA) Neuflize Schlumberger Mallet (ABN AMRO, NL) JP Morgan (Morgan, USA) Banque du Phoenix (ABN-Amro, NL) Banco Santander (Banco Santander, SP) Sakura Bank (Sakura Bank, JAP) Morgan Garanty Trust (JP Morgan, USA) Banque San Paolo (San Paolo, ITA) Banque Lehman Brothers (Lehman Brothers, USA) UBAF (UBAC, NL) Chase Manhattan (Chase Manhattan, USA) Westdeutsche Landesbank-France (WLG, Ger) CitiBank (Citybank, USA) Insurance Allianz (Ger) Generali France (Generali, ITA) Commercial Union-France (Commercial Union, GB) Societe Suisse-France (Societe Suisse, SWIZ) Services Manpower France (Manpower, USA) Bis (Vendex, NL) McDonald's France (McDonald's, USA) Eurest France (Compass, UK) Danzas (Danzas, SWIZ) Abilis (Vendex, NL) IBM Global Services (IBM, USA) ADP-GSI (ADP, USA) Adia France (Adia International, SWIZ) Simotra (Brambles, USA) Air Liberte (British Airways, GB) TAT(British Airways, GB) Sun Microsystems-France (Sun, USA) Vedior (Vendex, NL) Blenheim (Miller Freeman, USA) Avis Fleet Services (GE Capital Corp., USA) Hertz France (Hertz, USA) Lease Plan France (Lease Plan, NL) Price Waterhouse (Price Waterhouse, USA) Ogilvy et Mather (Ogilvy, USA) Source: L'Usine Nouvelle - October 1998, Paris France
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