Australia has close to the worst foreign investment ratio of any modern western economy. There are about 40 Australian companies generating more than $200 a year in revenue offshore yet almost 200 foreign companies do the same in Australia.

This is one of the great tragedies of Australia. Our go to the beach attitude, dividend franking, excessive consumption, poor savings, shoddy management, poor governments, excessive union power and obsession with all things leisure has made us the most globalised economy in the world.

Unfortunately, all the globalising is being done by foreign companies coming here. We might have Aussies running Ford, Coca-Cola, Phillip Morris, Campbell Soup, Rio Tinto and the world’s biggest drinks company Diagio, but the Australian-owned companies have largely failed to perform on the global stage.

The rare exceptions include Westfield, Lend Lease, NAB, AMP and Brambles but there should be dozens of top companies kicking goals offshore.

Anyway, check out this astonishingly long list below and send in any additions or corrections you can think of.

Australian Companies Generating More Than $200M Overseas

CompanyWhereWhat
AmcorUSEuropean,NZ,Asian paper
AGLNZgas assets
AMPUKNZ and Chile.
ANZNZand the Grindlays network
AmcorEuropeanNZ and US paper and packaging
AristocratGlobalpoker machines all over the world
Austal/IncatGlobalwater craft
BHPEscondidaCanadian diamonds,US copper etc
BoralUSbricks,tiles,flyash. Asia plasterboard
BramblesCheprecords business etc
BRL HardyGlobalwine
Burns PhilpUS and Europeherbs,spices,yeast
Commonwealth BankNZ and Asianoperations
ComputershareUKHK and South African registry businesses
CSRUSbuilding products
ERGEurope/Asiaticketing systems
FauldingUSpharmaceuticals
Foster’s BrewingChinaMolson and European wine clubs
Goodman FielderNth and Sth Americafood operations.
HIHNew Zealand and USinsurance
Lend LeaseUKUS property management,Asian development
Liberman familyGlobalproperty, banking
Macquarie BankAsiaproperty development,global trading
Mayne NicklessIndonesia, UK, UShospitals,express freight,security
MIMUK and ArgentinaAlumbrera mine in Argentina,UK smelting
News CorpGlobalMedia
NABUK, NZ and USbanking
Normandy MiningGlobalGold mines and base metal assets
OricaGlobalWorldwide explosives business.
Pacific DunlopAnsellbatteries
PacificaUScar parts
PasmincoUSzinc
PBL/PackerGlobalchemical,publishing,gambling,film production,cinemas.
QantasGlobalairline business
QBEGlobalvarious insurance operations
Ridley CorpUSfeedlot operation
SimsmetalUK and Asianscrap metal operations
TelstraGlobalinternational operations
VisyUSpaper
Village RoadshowGlobalcinemas
Washington H Soul PattinsonSE Asian coalpharmaceutical,property and fragrances.
WestfieldUS,NZ and Malaysiaproperty development and management
WestpacNZoperations
WMCGlobalaluminium/bauxite operations

Foreign Companies Generating More Than $200m In Australia Each Year

CompanyWhereWhat
ABBSwissengineering,Redbank power station
ABN AmroDutchinvestment banking and funds management
AccorFrenchManages dozens of Australian hotels
AcerTaiwancomputer hardware
ACIUSglass
AdidasGermansports goods and clothes
AESUSVictorian and Queensland power stations
AIGUSInsurance
Air New ZealandNZ50% of Ansett
Airbus IndustrieEuropeanaircraft
AlcanCanadaGove alumnium plant
AlcoaUSaluminium and bauxite joint venture with WMC
AllianzGermanjoint venture with HIH Insurance
American ExpressUScard services
Anglo AmericaSouth Africanbought Acacia and Shell coal assets
AOL-Time WarnerUSinternet,magazines,film production,theme parks
Astra ZenecaUKpharmaceuticals
AxaFrench51% of National Mutual
Babcock & BrownGlobalbought AIDC
Bass GroupUKvarious hotels
BATUKtobacco
Baulderstone HornibrookGermanconstruction
BechtelBelgianpower and construction
BillitonSouth AfricanQNI nickel business
BoeingUSaircraft
BoschGermanelectrical and car parts
BridgestoneUStyres
Brierley InvestmentsNZretail,James Hardie and Wills
Bristol Myers SquibbUSpharmaceuticals
British AirwaysUKstake in Qantas
British TelecomUKvarious telco investments
Cable & WirelessUK51% of CW Optus
Cadbury SchweppesUKconfectionary and drinks
Campbell SoupUScontrol of Arnotts
CanwestCanadiancontrols Ten network
Capital GroupUSfunds management
CargillUSvarious agribusiness investments
Carter Holt HarveyUS/NZforestry
CEDUSbought cable company Metal Manufactures
CGEAFrenchtransport,water
Chase Manhattan-JP MorganUSinvestment banking
ChevronUSoil and gas
ChemcorUSchemicals
Cisco SystemsUSsoftware and telco systems
CITICChinesePortland aluminium smelter,beef
CitigroupUSbanking and financial services
CMSUS50% of Loy Yang A power station
Coca Cola CompanyUScontrol of Coca Cola Amatil
CS First BostonSwiss-USinvestment banking
Daimler-ChryslerUS/Germancars and trucks
Dairy FarmHKFranklins
DBS LandSingaporecontrol Australand and Walker Corp
Dell ComputersUScomputers
Deutsche BankGermaninvestment banking
DiageoUKdrinks and spirits
DRDSouth Africangold mining
DresdnerGermanbanking
Du PontUSchemicals and textiles
Duke EnergyUSgas pipelines
Edison MissionUSowns Loy Yang B power station
EDSUSCommonwealth Bank IT contract
ElectroluxSwedishwhite goods
ErricsonSwedishtelecommunication products
ExideUSPacDun’s battery business
Exxon-MobilUSoil and gas
Fisher & PaykelNZwhite goods
Fletcher ChallengeNZconstruction,forestry
Fluor DanielUSengineering,plant management
FordUScar manufacturing
FortisBelgianfinancial services ($246m)
FujiJapanesecameras, film
General ElectricUScard processing
General MotorsUScar manufacturing
Glaxo-Wellcome/Smithkline BeechamUKpharmaceuticals
GlencoreSwissvarious mining projects
GoodyearUStyres
GPUUSVic energy distribution
GrandaUKSeven Network stake,production
Grand Hotel GroupMalaysianvarious hotels
Guiness Peat GroupUKcorporate raiders
HagermeyerDutchBought Pacific Dunlop’s electrical distribution business.
HansonUKcoal and bought Pioneer
Hawker de HavillandUKaircraft, defence, heavy engineering
HeinzUSfood,Weight Watchers
Hewlett PackardUScomputers
Hilton CorpUSJupiters casinos and various hotels
Hochtiefcontrol Leighton Holdings
HoechstGermanchemicals,food
HomestakeUSKalgoorlie super pit
HSBCHong Kongbanking and broking
HuntsmanUSmormons,chemicals
HutchisonHKtelecommunications
HyundaiKoreancars
IBMUScomputers,IT
Illinois Tool WorksUSBought Siddons Ramset
Independent NewspapersIrishnewspapers,radio,outdoor advertising
ItochuJapanesemining,energy and engineering
INGDutchinvestment banking,insurance
Johnson & JohnsonUSpersonal products
KelloggsUScereals.
KodakUSfilm and cameras
KPNDutchbought TNT
Kumugai GumiJapanesehotels and property
Kwok familySingapore/HKproperty
LafargeSwisscement/Blue Circle
Li Ka ShingHong Kongbought SA power industry and Victoria’s Powercor.
Lion NathanJapanesebrewing
LucentUSbackbone for web and mobile,bought JNA.
LVMHFrenchleather goods and drinks
Malaysia Mining CorpMalaysiamining but no more Ashton
MarriottUShotels
MarsUSchocolates, pet food
MarubeniJapanesealuminium and mining
Mazda AustraliaJapanesecars and bikes
McDonaldsUSfast food
MCI-WorldcomUStelecommunications,Ozemail
Merck Sharpe DohmeUSpharmaceuticals
Merrill LynchUSstockbroking
Metro Cash & CarrySth Africancontrols Davids Holdings
MicrosoftUSsoftware, NineMSN
MitsubishiJapanesecar manufacturing
MitsuiJapaneseiron ore through Robe River
MotorolaUSstake in ERG,telecommunications
National ExpressUKVic public transport
National PowerUKVic power station
NECJapaneseComputers
NestleSwissformer PacDun assets and various other food
Nippon SteelJapaneseiron ore through Robe River
NokiaNorwaymobile phones
Norske SkogNorwayBought Fletcher Paper
Norwich UnionUKfinancial services
NRGUSpower stations
NufarmNZchemicals
ObayishiJapanesetollroads
Ong Beng SengSingaporehotels,retail
OracleUSIT industries
OrlandoFrenchwine
Mr CK OwSingaporeStamford hotel chain
PanasonicJapaneseelectrical goods
ParmalatItaliandairy industry
PearsonUKGrundy TV production,financial information.
PfizerUSpharmaceuticals/viagra
Philip MorrisUSfood and tobacco
PhillipsDutchPolygram, electricals
Phillips PetroleumUSoil, bidding for Petroz
Placer DomeUSgold mining operations
P&OUKstevedoring,ports,cold storage, resorts.
Primus TelecommunicationsUStelecommunications
Principal GroupUSBT funds management
Ricket & ColemanUSpharmaceuticals
Rio TintoUKComalco,North and various other mining assets
RocheSwisspharmaceuticals
RothmansSouth Africantobacco
Royal-Sun AllianceUKinsurance
Rugby PlcUKcontrols concrete giant Adelaide Brighton
Salomon Smith BarneyUSinvestment banking
San MiguelPhillipinesbeverages (20% of Coca Cola Amatil)
SBCSwissinvestment banking
Service Corp InternationalUSdeath industry
ShellDutch-UKoil,coal and gas
SiemensGermanelectricals and engineering
Singapore GovtSingaporetelecommunications,energy
Singapore PowerSingaporeBought Vic power transmission assets
SpudmanUSbought PacDun pastry businesses
SonyJapanesemusic,electricals
StarwoodUShotels
SumitomoJapaneseiron ore through Robe River
Suez Lyonnaise des EauxFrenchPacific Waste Management
Telecom NZNZAAPT
Texas UtilitiesUSVic gas and electricity assets
Thakral familySingapore/HKhotel chain
Thames WaterUKwater
Toronto DominionCanadiandiscount broking and banking
ToyotaJapanesecar manufacturing
UnileverDutch-UKdetergents and ice cream
UnitedGlobalComUScontrol of pay-TV group Austar
UtilicorpUScontrols United Energy plus other energy assets
VisaUScredit cards
VirginUKairlines, mobiles, music
VivendiFrenchVictorian public transport,publishing,water
VodafoneUKmobile phone business
WeyerhaeuserUSbought $300m of CSR’s timber businesses
YamahaJapanesepianos,motorbikes

Peter Fray

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