MHI to establish global nuclear business

23 June 2007

Mitsubishi Heavy Industries (MHI) is to establish a new "Global Nuclear Business & Operation Department" aimed at capitalising on business opportunities in new nuclear power plant construction.

The company expects such projects to increase amid the trend toward reevaluating nuclear power generation, which is currently gathering momentum worldwide. MHI also expects continuous vigorous demand for large components including steam generators, reactor vessel heads, control rod drive mechanisms and turbines, mainly in the U.S. and European markets.

MHI plans for the new department to function as a strategic sales and marketing unit that will control overall global export activities of nuclear components. The new department will also oversee the establishment of strategic alliances in related areas while MHI, together with the Areva Group, is jointly developing an advanced generation-3, three-loop PWR with power of around 1100 MWe.

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