Hitachi : UK committed to nuclear power after Hitachi decision - PM May's spokesman
January 17, 2019 at 06:59 am EST
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LONDON (Reuters) - Britain is committed to the nuclear power sector, Prime Minister Theresa May's spokesman said on Thursday, after Japan's Hitachi Ltd froze a 3 trillion yen ($28 billion) nuclear power project in Wales.
Hitachi had called on the British government to boost financial support for the project.
"Any deal needs to deliver for UK consumers and taxpayer. Despite extensive negotiation and hard work by all sides, the government and Hitachi have been unable to reach agreement to proceed at this stage. The government is committed to the nuclear sector," the spokesman said.
(Reporting by William James, Writing by Kylie MacLellan; editing by Guy Faulconbridge)
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%).