Printer Friendly

ABB AND SIEMENS TO TEAM UP ON REPLACEMENT STEAM GENERATORS FOR THE U.S. NUCLEAR MARKET

 ABB AND SIEMENS TO TEAM UP ON REPLACEMENT
 STEAM GENERATORS FOR THE U.S. NUCLEAR MARKET
 STAMFORD, Conn., Dec. 4 /PRNewswire/ -- Asea Brown Boveri Inc. (ABB) and Siemens Nuclear Power Corporation, both of the United States, announced today that they have signed a memorandum of understanding (MOU) to form a jointly owned (50/50) U.S. company to address the $1 billion-plus market for nuclear steam generators in the Unite States.
 The new company will supply replacement steam generators, special services as part of replacement projects, as well as related technology and services for nuclear power plants with pressurized water reactors (PWR) and will complement this offering with long-term maintenance services for the steam generators.
 The jointly owned company will compete for the supply of new steam generators to the Steam Generator Replacement Group recently formed by certain U.S. nuclear utilities and for other replacement steam generator work in the United States.
 The company will draw upon the design, engineering and operating experience of Siemens KWU and the manufacturing resources and experience of ABB's Combustion Engineering unit. Final steps in the formation of the company are expected to be concluded in the first quarter of 1992. The company will be located in Chattanooga, Tenn.
 Siemens KWU recirculating U-Type design PWR steam generators have over 20 years of proven reliable operating experience, and the U.S. Nuclear Regulatory Commission has concluded that the design is acceptable for consideration in nuclear power plant steam generator replacement programs. Siemens KWU, also a signatory to the MOU, has recently been awarded contracts for the supply and replacement of steam generators for the Ringhals 2 plant in Sweden and the Doel 3 plant in Belgium, which are based on Westinghouse designs.
 ABB's subsidiary, Combustion Engineering Inc., also a signatory to the MOU, has substantial experience in the manufacture of PWR components of its own design as well as those of other nuclear steam supply system vendors. Its nuclear component manufacturing facilities in Chattanooga will serve as the manufacturing center for the new company.
 Dr. Richard Slember, president of ABB's Power Plant Businesses in the United States, noted, "We believe the new company will offer unmatched competition for replacement steam generators and will better serve the utilities' demand for a reliable alternative source to the original equipment manufacturer."
 Dr. Wolfgang Keller, senior vice president of Siemens AG and member of the managing board of Siemens' Power Generation Group (KWU), said that, "Siemens and ABB believe that the jointly owned company provides an optimum arrangement for the supply of steam generators and related services in the U.S. by utilizing the superb technology and experience of both companies."
 Asea Brown Boveri Inc., with headquarters in Stamford, provides products and services for the power, process, industrial automation, environmental control, mass transit and other markets. The company and its subsidiaries have sales of approximately $6 billion and some 30,000 employees in the United States.
 Siemens provides a comprehensive range of products and systems, including public and private telecommunications systems, medical systems, energy generation and distribution systems, automation, transportation systems, automotive electronics and electronic components. Siemens U.S. companies have sales of approximately $4.5 billion and almost 30,000 employees in the United States.
 -0- 12/4/91
 /CONTACT: Karen Armour of Asea Brown Boveri, 203-328-2217, or at home, 203-655-9461/ CO: Asea Brown Boveri Inc.; Siemens ST: Connecticut IN: SU: JVN


CK -- NY044 -- 9160 12/04/91 11:30 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 4, 1991
Words:573
Previous Article:PAN AM ANNOUNCES SHUTDOWN OF OPERATIONS
Next Article:LACK OF BENEFITS MAY INFLUENCE JOB CHANGES, SAYS NEW SURVEY
Topics:


Related Articles
MORRISON KNUDSEN: TEAM TO PROVIDE SERVICES TO NUCLEAR POWER INDUSTRY
TEAM COMPOSED OF DUKE ENGINEERING, B&W NUCLEAR AND MORRISON KNUDSEN RECEIVES CONTRACT FOR STEAM GENERATOR REPLACEMENT PROJECT IN FLORIDA
BABCOCK & WILCOX AWARDED NUCLEAR CONTRACT
TESTIMONY CONTINUES IN DAY TWO OF UTILITIES LAWSUIT AGAINST WESTINGHOUSE ELECTRIC
OWNERS OF BEAVER VALLEY: 'BEAVER VALLEY NUCLEAR PLANT OWNERS REST THEIR CASE AGAINST WESTINGHOUSE ELECTRIC'
BEAVER VALLEY NUCLEAR PLANT: 'WESTINGHOUSE OPENS ITS DEFENSE IN NUCLEAR STEAM GENERATOR LAWSUIT'
MK-Duke Team Sets U.S. & World Record for Steam Generator Replacement
Siemens to Acquire Power Generation Business of Westinghouse Electric for $1.525 Billion
Framatome ANP Wins Contract to Supply Steam Generators for FPL's St. Lucie 2.
AREVA Steam Generators Complete Transatlantic Journey to Prairie Island Nuclear Power Plant.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters