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19.09.2011 10:40Siemens to Quit Nuclear Industry
Siemens would continue to make components, such as steam turbines, that are used in the conventional power industry, but can also be used in nuclear plants
© Grumpy-Puddin@flickr.com
German industrial and engineering conglomerate Siemens is to withdraw entirely from the nuclear industry, BBC reported.
The move is a response to the Fukushima nuclear disaster in Japan in March, chief executive Peter Loescher said.
He told Spiegel magazine it was the firm's answer to "the clear positioning of German society and politics for a pullout from nuclear energy".
"The chapter for us is closed," he said, announcing that the firm will no longer build nuclear power stations.
A long-planned joint venture with Russian nuclear firm Rosatom will also be cancelled, although Loescher said he would still seek to work with their partner "in other fields".
Siemens was responsible for building all 17 of Germany's existing nuclear power plants.
But more recently, the firm has limited itself to providing the non-nuclear parts of plants being built by other firms, including current projects in China and Finland.
The latest decision appears to imply a step back from building "conventional islands" - the non-nuclear plant in nuclear power stations - an area in which Siemens has remained active.
However, Loescher also said Siemens would continue to make components, such as steam turbines, that are used in the conventional power industry, but can also be used in nuclear plants.
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