By 2020 the market for nuclear power generation is expected to grow 50 per cent compared to 2005. Toshiba is responding to this challenge by acquiring Westinghouse.
More Quotes from Atsutoshi Nishida:
With Westinghouse, Toshiba will be a global nuclear power business organization committed to delivering world-class nuclear power generation systems and services, backed up by proven technology, reliability and superb efficiency.Atsutoshi Nishida
Toshiba's strength is that it covers the full life cycle of a nuclear plant from design and construction through maintenance. We will be able to offer the total package to Westinghouse's clients as well.
Atsutoshi Nishida
In the midterm plan, we're assuming that the need for investment in semiconductors will intensify, and we've also taken the payment for this acquisition into consideration.
Atsutoshi Nishida
Regrettably, two different types of products seem set to hit the market. But this is the kind of technology that will be around for five or 10 years. Efforts should be made continuously to make unification happen.
Atsutoshi Nishida
Given the potential, we believe what we've paid is the correct price. There was a lot of competition.
Atsutoshi Nishida
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