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.
Quotes about westinghouse (10 Quotes)
We are in discussions with Westinghouse that could lead to an eventual purchase. We expect to need additional generation to meet our customers' needs in 2015 and beyond. Nuclear power is becoming more and more attractive as an option to meet these needs economically, reliably and with low environmental impact.
China is one of the fastest growth markets for nuclear plants and Westinghouse is one of the largest players in this market. If Toshiba is going to expand, then Westinghouse is a favorable choice.
Toshiba is a strong company with a long record of business success, and will ensure that the decades-long contributions of Westinghouse to the nuclear industry -- and to the U.S. and global economies -- continue to grow.
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.
Toshiba is committed to anti-proliferation efforts and will work with U.S. and international authorities, as well as with the Westinghouse team, to ensure that nuclear technologies are only used for peaceful purposes.
Its cash flow is in good condition this business year, but it will be tough in the next business year, even without the Westinghouse deal, because capital spending on semiconductors will increase.
We need a new location to house these people who are going to be involved in the new nuclear plant market. Western Pennsylvania is the prime candidate and will remain the headquarters for our entire Westinghouse business.
Western Pennsylvania is the prime candidate and will remain the headquarters for our entire Westinghouse business. But we are looking outside the area, too, along the East Coast and in the Southeast.
We are pleased to be able to enter into a contract that will secure the maximum return on the British taxpayers' investment and cement the continued leadership of Westinghouse in the nuclear energy field through the stewardship of the Toshiba Corporation.