Monday, March 27, 2017

Hitachi loss in nuclear business

Hitachi may opt out of Nuclear business weighing the loss it has incurred.
Electronics firm Hitachi has announced that the group's subsidiary in the nuclear fuel business will post a loss of about 590 million dollars for the fiscal year ending in March.

Hitachi and GE jointly created the firm to develop new technologies for uranium enrichment for nuclear power plants.Officials say after reviewing the value of the business, they were unable to forecast growth in the future.

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