Showing posts from February, 2017

GE, Hitachi close to Global Laser Exit

Transaction would complete restructuring,  allow work on Paducah laser plant
General Electric and Hitachi are close to divesting their 76 percent interest in Global Laser Enrichment, aventure licensed to build and operate a laser nuclear fuel enrichment facility nearWilmington, North Carolina.  A decision could come next month, according to Platts Nuclear News Flashes, which reported a “March decision set on sale or closure of Global Laser Enrichment”. The trade paper was commenting on an Asahi Shimbun report that electronics giant Hitachi Ltd. "is expected to report a 70 billion yen ($620 million) non-operating loss by the time books are closed for fiscal 2016 at