Westinghouse Announces Joint Venture for Zirconium Sponge Plant in China
PITTSBURGH, April 21 /PRNewswire/ -- Westinghouse Electric Company announced today that it and the State Nuclear Baoti Zirconium Industry Company, Ltd. (SNZ) have agreed to form a joint venture to build and operate a plant to produce nuclear grade zirconium sponge. The plant will be located at Nantong in the Jiangsu Province.
SNZ is owned by the State Nuclear Power Technology Corporation, Ltd. (SNPTC) and Baoti Group, a leading titanium fabrication company in China.
The plant will supply nuclear grade sponge to the China market and to Westinghouse's Western Zirconium Plant in Ogden, Utah.
The new joint venture plant in China is expected to be completed in 2011 and will start providing products in 2012.
Westinghouse Electric Company, a Toshiba Group company, is the world's pioneering nuclear power company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Today, Westinghouse technology is the basis for over 40 percent of the world's operating nuclear plants.
