Westinghouse to Acquire Nuclear Fuel Industries Ltd.
- Integrated nuclear fuel company to operate as Westinghouse subsidiary
The acquisition, at an approximate cost of
“The acquisition of NFI will significantly enhance Westinghouse’s commitment and support to the Japanese market and also expands our global position in the PWR and BWR fuel business,” said
Established in 1972, NFI supplies safe, high-quality fuel with advanced technology to nuclear power plants in
NFI is committed to the development, production and design of various innovative types of nuclear fuel, including technologies such as high-temperature gas reactors and fast-breeder reactors. In addition to nuclear fuel design, NFI has made significant technological developments related to the nuclear fuel cycle, fuel-related inspection equipment, and maintenance operations utilizing reactor core management systems and safety planning.
Westinghouse Electric Company, a Toshiba Group company, is the world’s pioneering nuclear power company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Today, Westinghouse technology is the basis for approximately one-half of the world’s operating nuclear plants.
SOURCE Westinghouse Electric Company