Friday February 10, 2006

Toshiba plans to triple nuclear power sales

iht.com :

Toshiba, the largest maker of nuclear power-plant equipment in Japan, said that its Westinghouse Electric acquisition would help triple sales of its nuclear power business to as much as ¥700 billion (US$6 billion) by 2015.

Toshiba, which is paying $5.4 billion to buy Westinghouse from British Nuclear Fuels, is seeking to reduce its reliance on the chip business and consumer electronics operations, which are suffering from falling prices. The company's president, Atsutoshi Nishida, said it could take 15 to 20 years to recoup its investment in Westinghouse. He said Toshiba planned to control as much as 53% in Westinghouse, with the remainder going to investors.

Toshiba expects the market for atomic energy to expand 50% by 2020. By buying Westinghouse, Toshiba gets access to the pressurized water reactor technology preferred by China, which is expected to spend as much as $54 billion in the next 15 years building nuclear plants.

See also :

1. Toshiba agrees to buy Westinghouse for $5.4 bln
2. China : Nuclear Leap Forward

(2006-02-10 21:59:48 SGT) [Biz] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out