Hitachi : Horizon to suspend UK nuclear development plans after Hitachi pull-out
January 17, 2019 at 04:21 am
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LONDON (Reuters) - Hitachi's UK unit Horizon Nuclear Power said it would suspend development programme after parent firm Hitachi said it would freeze plans for a new nuclear project in Wales.
Horizon is developing the Wylfa Newydd nuclear plant in Anglesey in North Wales and has a second site at Oldbury in South Gloucestershire, England.
The company said despite discussions with the British and Japanese governments it had not been able to reach agreement to the satisfaction of all parties.
"As a result we will be suspending the development of the Wylfa Newydd project, as well as work related to Oldbury, until a solution can be found. In the meantime we will take steps to reduce our presence but keep the option to resume development in future," Horizon CEO Duncan Hawthorne said in a statement.
(Reporting by Nina Chestney; editing by Jason Neely)
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).