nuclear-news

USA and other countries struggle to market their nuclear technology to China

China Wants its Nuclear Reactors ‘Made in China’  WSJ 16 Dec 14 When a unit of North Carolina’s Curtiss-Wright Corp. won a roughly $300 million deal in 2007 to supply components for new reactors in China, industry officials trumpeted China’s nuclear boom as good for U.S. business.

Today, Chinese companies are competing for that business—and foreign companies risk getting left out. Meanwhile, Curtiss-Wright’s contract is caught up in a legal dispute, while Chinese authorities blame the company in part for the delay of a landmark nuclear project. As the WSJ’s Brian Spegele reports:

U.S. and other foreign companies are now struggling to keep their hold in China, the industry’s biggest growth market and a rare bright spot more than three years after the Fukushima disaster in Japan put many of the world’s nuclear projects on hold. Yet China is increasingly turning to local companies to build crucial parts for multibillion-dollar nuclear projects, a result of Chinese industrial nationalism and frustration over U.S. supplier problems………http://blogs.wsj.com/chinarealtime/2014/12/16/china-wants-its-nuclear-reactors-made-in-china/

December 17, 2014 - Posted by Christina Macpherson | business and costs, China