Toshiba Forms Nuclear Power Company

Toshiba, of Japan, purchased a 51 percent stake in Westinghouse in early 2006, which was founded in 1886 in Pittsburgh by George Westinghouse. Another US company bites the dust and becomes foreign owned ...

The new company, Toshiba America Nuclear Energy Corporation, started operation this month, with the primary mission of marketing and promoting advanced boiling water (ABWR) nuclear power plants and providing support for related services. As this business develops, Toshiba also plans to expand the scope of the new company's operations to provide licensing and extensive engineering support related to construction of future nuclear power plants, including plant design and procurement. The new office will be located just outside Washington, D.C.

In the United States, major utilities have announced plans to build over 30 new nuclear power plants in coming years. Toshiba and Westinghouse, a Toshiba Group company, are responding to this trend by promoting marketing activities to win orders for both advanced boiling water reactors (ABWR) and pressurized water reactors (AP-1000) and their related systems. The establishment of Toshiba America Nuclear Energy Corporation as a new marketing base will reinforce these activities, and enhance the combined capabilities of Toshiba-Westinghouse to serve U.S. customer needs.

From a Toshiba press release.