New NP, a subsidiary of AREVA NP, becomes Framatome, a company whose capital is owned by the EDF group (75.5%), Mitsubishi Heavy Industries (MHI - 19.5%) and Assystem (5%).

Framatome confirms its recognized manufacturer's ambition: being the supplier of safe and competitive nuclear solutions, supporting its electrical utility customers all over the world.

Framatome employees have recognized skills, a know-how that was forged over the long history of the company and that has enabled us to build outstanding industrial success in France and internationally. Framatome places its faith in the expertise of the women and the men who are at its very core: this expertise underpins the company's strategy and is key to serving the needs of its customers and furthering the success of the nuclear industry.

In the words of Bernard Fontana, Chairman of the Managing Board and Chief Executive Officer of Framatome, "Framatome possesses unique know-how in an industry that today is and will remain key for a low-carbon energy mix. Our employees in France and around the world have been able to face considerable challenges in recent years.

As we emerge from this transition phase, I share their pride and I want to thank them for all the work they have accomplished. Steeped in a rich heritage, Framatome is today one of the reference players in the nuclear sector worldwide, benefiting from unparalleled operating feedback. Our ambition is delivering a level of industrial excellence that is recognized by our customers."

Proud of its core business expertise as designer, supplier and installer of nuclear steam supply systems Framatome contributes to the design of power plants, supplies the nuclear steam supply system, designs and manufactures components and fuels, integrates the instrumentation and control systems and carries out the maintenance of in-service nuclear reactors.

It delivers its high-performance products and services to customers all over the world.

Framatome is a technology company, holding around 3,500 patents covering some 680 inventions, which serve the most demanding needs of its customers who number among the key international energy leaders. Framatome operates on more than 250 reactors worldwide.

An internationally-focused strategy of development and industrial excellence
Framatome has the determination to go further in terms of industrial excellence, leveraging five strategic axes: proven and sustainable expertise, performance in delivering, an agile and adaptive organization, safe and competitive solutions and international development.

With an existing global fleet of some 440 reactors representing output of around 390 GWe in 31 countries, and with new nuclear capacity on its way, the nuclear market presents opportunities in the areas of components, fuel, retrofits and services.

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Struggling Westinghouse Electric sold to Brookfield for $4.6 bn
New York (AFP) Jan 4, 2018
Financially-troubled Westinghouse Electric announced Thursday it agreed to be sold to Brookfield Business Partners for $4.6 billion, pending approval by a US bankruptcy court. Westinghouse, owned by Japan's Toshiba since 2006, has faced deep losses due to its stalled nuclear business, including cancelled plants in South Carolina. As a result, the company filed for bankruptcy protection in Ma ... read more

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