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Mitsubishi and AREVA create a fuel fabrication joint venture |
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Thursday, 05 March 2009 |
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Mitsubishi
Heavy Industries, Ltd. (MHI), AREVA, Mitsubishi Materials
Corporation (MMC) and Mitsubishi
Corporation (MC) have signed the shareholders agreement to establish a
joint company  in the nuclear fuel fabrication business. The partners aim to
establish the new company by 1 April and are preparing to jointly invest (MHI
50% and AREVA 50%) in a new factory in the USA.
The new company will be established by restructuring
the existing Mitsubishi Nuclear Fuel (MNF) company in Tokai-mura, and will be a
full-fledged nuclear fuel fabrication service supplier, integrating
development, design, manufacturing and sales. It will supply Japanese customers
with uranium fuel assemblies for pressurized water reactors (PWRs), boiling
water reactors (BWRs) and high-temperature gas-cooled reactors (HTGRs), as well
as uranium-plutonium mixed oxide (MOX) fuel assemblies.
The new company is aimed at
contributing to a stable supply of high quality nuclear fuel fabrication
service in response to the increasing importance of nuclear power generation
globally amid expanding efforts to prevent global warming. It will also provide
related services, including uranium reconversion and is also set to enter
overseas markets as an independent supplier of MHI-designed fuel assemblies for
PWRs.
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