Australia's improving foreign ownership record


August 16, 2010

Australia has long had a terrible foreign ownership record, but it has improved a little in recent years as this list of about 80 Australian companies generating more than $200m a year offshore demonstrates.

Alumina: 40% stake in AWAC, the global aluminium, alumina and bauxite joint venture run by Alcoa out of Pittsburg.

Amcor: US, European, NZ and Asian paper operations. One of the world's biggest tobacco packaging players.

AMP:
just the NZ operations these after losing more than $5 billion in UK.

AGL: NZ gas assets.

Ansell: global condom and medical glove sales.

ANZ:
the biggest company by revenue in New Zealand and the most global of our Big Four banks courtesy of Mike Smith's attempt to build a substantial Asian footprint.

Aristocrat: global poker machines sales, especially US and Japan.

Ausenco: the engineering and port services company has just bought two global businesses.

Austal: the Perth-based ship builder has revenues of about $700 million with the majority coming from offshore.

AWB: former monopoly wheat exporter which still generates billions from exports but is now subject of a foreign takeover bid.

AWE:
emerging oil exporter which generated revenue of $821m in 2007-08 and $590 million in 2008-09.

Babcock & Brown Infrastructure: Powerco in NZ and North Western Energy corp in the US but debt-laden empire is falling apart.

BHP-Billiton: world's biggest global mining company.

Billabong:
global surf and street wear sales.

Boart Longyear: drilling services company transplanted from US to Australia, although still based in Salt Lake City.

Boral:
US bricks, tiles, flyash, Asian plasterboard.

BlueScope Steel: old BHP Steel business.

Bradken:
bought US-based Americast business in 2009 which has revenues of more than $300 million.

Brambles: Chep pallets and record management business.

Campbell Bros: founded in 1986 and now has more than 7000 staff on 200 sites in 44 countries for its burgeoning analytical testing, cleaning and chemicals operations which should turn over more than $1 billion for the first time in 2010-11.

Centro: large US property assets, although is being scaled back to pay off debt.

Challenger Infrastructure Fund: purchased big UK infrastructure assets in 2005 for $630 million.

Coogee Resources:
controlled by the Martin family and formerly supported by Babcock & Brown with oil production from Monatan field in the Timor Sea.

Crown: after troubles in US is now focused on Macau casino operations, plus generates plenty from wealthy Chinese players in Melbourne and Perth.

Cochlear:
medical implants/bionic ear.

Commonwealth Bank: New Zealand and limited Asian operations

Computershare:
global share registry businesses.

CSL: international blood products and pharmaceuticals player.

CSR:
aluminium and building products operations.

Downer EDI: growing infrastructure and engineering contracts in south-east Asia.

Dulux Group: demerged from Orica in 2010 and is expected to crack $200 million offshore in 2010-11 courtesy of New Zealand and growing Asian business.

Eircom Holdings: the old Babcock & Brown Capital which controls Ireland's national telco.

Fairfax Media: New Zealand publishing.

Flight Centre: travel services

Foster's:
struggling global wine business and dwindling international beer operations.





Goodman Fielder: food group which used to have Kiwi billionaire Graeme Hart as the largest shareholder with 20%.

Goodman International:
large industrial property management around the world but regrets paying too much in US.

Graincorp: with AWB losing its export monopoly, it's export revenues are likely to rise in the years ahead and now exceed $1 billion a year. They have transformed into an international agribusiness, with operations in Australia, the US, Canada and the UK, with the acquisition of the United Malt Holdings group, the world's 4th largest commercial malt manufacturer.

Gunns: Tassie tree exports.

Intoll: the international arm of the old Macquarie Infrastructure Group with trophy asset remaining stake in Highway 407 in Toronto.

Isoft: health care IT specialist with huge NHS contracts in the UK now looking troubled given David Cameron's massive spending cuts.

Incitec Pivot: chemical and fertiliser business which in 2008 bought Dyno Nobel explosives business.

Iluka Resources:
mineral sands exporter.

Insurance Australia Group: NZ and UK insurance operations.

Lend Lease: UK property and Bovis construction business in the US.

MAPGroup: interests in Brussels and Copenhagen airports.

Macquarie Group:
remains world's biggest infrastructure manager plus has global equity markets footprint.

Macarthur Coal: coal exports.

Michell family: Adelaide-based wool and leather giant with revenues of $560m

Mincor:
emerging nickel exporter now generating more than $300 million a year.

Mirvac: reduced but still significant international property assets.

NAB: UK banking.

Newcrest Mining:
gold exports.

Nufarm:
NZ chemicals business, plus recently acquired US and UK operations

Orica: worldwide explosives business

OneSteel:
steel exports and operations in 10 countries after Smorgon takeover

OZ Minerals: slimmed right down after $US1.2 billion with MinMetals but Prominent Hill still makes the grade.




Paperlinx: European paper operations.

Qantas: airline business.

QBE:
top 10 global insurance player.

Resmed: booming sleep disorder products company with global sales pushing $1 billion.

Rip Curl: global sales now approaching $700 million.

Sanger Australia: meat exporter with revenues of more than $500 million a year.

Sims Group: UK and US metal recycling although CEO is now based in New York.

Sonic Healthcare:
burgeoning US and European pathology business.

Spotless Group: US plastics manufacturing and UK services business.

Suncorp: New Zealand insurance and banking operations.

Telstra: New Zealand international operations.

Teys Family: a meat processing business which the Packer family used to half own which turned over more than $1 billion a year.

Toll Holdings:
NZ rail and Asian logistics.

Transfield: US engineering services.

Transpacific Industries: large investments in New Zealand waste disposal market.

United Group: engineering, mining services and facilities management company.

Visy: US paper.

Village Roadshow:
cinemas/film production.

Wesfarmers: coal exports.

Westfield: US, NZ and UK shopping centres.

Westpac: NZ operations.

Woolworths: NZ operations.

Worley Parsons: 73 offices in 33 countries for engineering project management

Additionally, here are lists of foreign companies generating more than $200m, Who owns our biggest resource projects? and Foreign government investment in Australia

Check out all the Mayne Report business lists here. Go here to see the full comprehensive list of lists we've created documenting the dominance of foreign investors in Australia and our relative poor performance on the international business stage.