November 4, 2008

JSW Signs Agreement With Areva to Supply Large Forged Parts

Japan Steel Works and Areva have signed an agreement to supply Areva until 2016 and beyond with large forged parts, essential for the manufacture of nuclear components.

The agreement, a continuation of the one signed between the two companies in April 2008, is part of a long-term investment program and marks another important stage in the relationship between the two groups, confirming their position as preferred partners.

Areva has also announced its friendly acquisition of 1.3% of Japan Steel Works (JSW) stock.

Anne Lauvergeon, CEO of Areva, said: "To keep pace with the rapid revival of nuclear, we need to keep on increasing our resources, investing and forming partnerships around the world. JSW is a case in point."