How can the vast nuclear market opportunities for foreign precedence valve – Sum
Recently has been revealed that Japan's largest heavy machinery maker Mitsubishi Heavy Industries students interested in a lot of money 200 billion yen (about 1.78 billion U.S. dollars), from the British company bought U.S. nuclear power plant maker Westinghouse. Mitsubishi Heavy Industries to buy its cause great concern to the industry. Soaring oil prices, new energy alternatives to the context of broad market prospects, acquisition of meaning is more prominent. Currently, almost half of the nuclear power plant using Westinghouse technology.
The industry believes that Mitsubishi Heavy Industries would carry a huge demand, Mitsubishi Heavy Industries, the ultimate merger if successful, will enter the Chinese nuclear power market opens its door. Because the acquisition of objects has been short-listed Westinghouse Yangjiang, Guangdong, Zhejiang Sanmen nuclear power project two international tenders. The other two finalists Russia's nuclear power development, foreign companies export Co., Ltd. (ASE) and the French Framatome (Framatome).
Recently, with the improvement of subjective and objective conditions, competition in the Chinese nuclear power market, Westinghouse's weight increased. July 11, Westinghouse Electric and China's Tsinghua University, Institute of Nuclear and New Energy Technology (INET) announced a joint bid to participate in the United States, "the next generation of nuclear power plants" (NGNP) the construction of the prototype reactor. According to Reuters, July 19, United States Senate passed a resolution in support of the United States Export-Import Bank to provide China's nuclear loans. It rejected the House of Representatives on June 29 passed an amendment bill to prohibit the U.S. Export-Import Bank of China to build nuclear power plants provide 50 billion dollars in loans.
China International Chamber of Commerce, said the Secretary-General Wang Jinzhen, Japanese and American enterprises competitive power of Chinese nuclear power market made of unusual significance, it showed that more Chinese and Japanese and American enterprises nuclear power market in China has brought practical benefits to them, rather than rigidly adhere to the stereotype. In recent years, as China's economic strength, Japan and the U.S. and other countries some of the people clamoring "China threat theory", in the high-tech fields blocked the implementation of technology to China, nuclear power, and some practices illustrates the problem. As a result, Japan and the U.S. as China's two largest trading partners, they risk being expelled from the Chinese nuclear power market competition in embarrassing situations.
According to reports, the United States and France have already mastered the third-generation nuclear power technology (AP1000), in which the French company Framatome nuclear energy can provide a stand-alone capacity of 1.7 million kilowatts nuclear power plant technology, building its lead in the first paragraph of Finland Three nuclear power plants (European Advanced Reactor EPR) has not yet completed; Westinghouse to provide the single technical capacity of 1.18 million kilowatts of nuclear power, it also, and Toshiba, Hitachi form a consortium, established in Japan in the first third-generation nuclear power plants, but is used ABW2 instead of pressurized water reactor boiling water reactor. Westinghouse and Mitsubishi Heavy Industries to form the reason why United is that Mitsubishi is also introducing U.S. technology, so Mitsubishi should be tender but also by the intellectual property restrictions.
Analysts here believe that China is increasingly becoming the world's largest nuclear power growth occasion, Mitsubishi would use nuclear supply chain integration of the acquisition of Westinghouse, which dominate the Chinese market. Currently, the Westinghouse nuclear power plant in Yangjiang in Guangdong and Zhejiang Sanmen nuclear power project bid, the Mitsubishi is its ally, Westinghouse, responsible for providing technical and Mitsubishi Heavy Industries is the main equipment provider. The biggest rival Westinghouse bid is a French company, Mitsubishi becomes more targeted acquisitions.
International trade and investment experts, CCPIT Vice Minister of International Liaison Department, Zhao cells have different views on this, he said, talking about Mitsubishi Heavy Industries by the "shell" too early into the Board, Mitsubishi Heavy Industries to realize their aspirations also had three off. The first is possible to use the "shell." Mitsubishi Heavy Industries, M & A practice is also facing fierce competition. British Nuclear Energy Corporation CEO Mike Parker said, 10 to 15 buyers expressed interest acquisitions, including the world's largest nuclear technology group AREVA of France and the U.S. company General Electric, the two companies will become the main Mitsubishi Heavy Industries competitors. Second, whether the incoming. Westinghouse also just because the United States, Yangjiang, Guangdong, Zhejiang Sanmen nuclear power project the two companies short-listed international bidding. Even if the merger succeeded, does not mean that Mitsubishi Heavy Industries on the naturally short-listed. Finally, be elected. Competitiveness of French companies strong and deep involvement in the Chinese nuclear power market. China has built 11 nuclear power plants, the French companies involved in the 7; law enterprise committed to providing the most advanced third generation "reactor-type"; in France for more than 70% of electricity from nuclear energy; China-France economic and trade relationship was good. These are Mitsubishi Heavy Industries and Westinghouse Electric of reach for competitive advantage.
Therefore, this should be seen as Mitsubishi Heavy Industries, the largest nuclear energy company acquisition to date intention to acquire the core should be Westinghouse's nuclear power technology. Westinghouse merger will be Mitsubishi Heavy Industries restructuring strategy a key element. If the acquisition of the ultimate success of Mitsubishi Heavy Industries, Mitsubishi Heavy Industries will create first-ever overseas acquisition case.
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