Mitsubishi Heavy Industries, Ltd. (MHI) has completed investment into Orano, a newly formed company created as part of the reorganization of the AREVA Group. Orano primarily focuses on the fuel cycle business, including uranium mining, enrichment and conversion and reprocessing of spent fuel. Previously referred to as “New AREVA Holding”, Orano possesses advanced technological and marketing strengths within the global nuclear energy industry, and the new company is expected to achieve solid growth going forward. MHI has acquired a 5 percent equity stake in Orano with a total investment outlay of approximately 250 million euros. With the completion of this investment, MHI will now pursue deeper, more expansive human and technological exchange with Orano.
MHI 27th Feb 2018 read more »