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SANDVIK AND FRAMATOME ANP ENTER INTO AN AGREEMENT FOR TUBING
Framatome ANP is the world leader in the construction of nuclear plants and the supply of nuclear fuel and services. AB Sandvik Materials Technology has over 30 years experience in the marketing and manufacture of nuclear steam generator tubes. The agreement enables Framatome ANP and Sandvik to better anticipate changes in technical requirements and regulations, to continuously improve the quality and cost of steam generator tubing and ultimately, to improve the cost competitiveness of the completed steam generator. Both companies intend to work together to supply cost efficient products in order to meet end users technical and commercial needs. In particular, they aim to further improve competitiveness by cooperating in the development of new specifications. Framatome ANP (Advanced Nuclear Power), an AREVA and Siemens Company, is the world's premier nuclear supplier. Framatome ANP's focus includes comprehensive engineering, instrumentation and control, nuclear services, heavy component manufacture, modernization, fuel assemblies for many reactor designs, including those supplied by other vendors, and the development and construction of nuclear power plants and research reactors. Framatome ANP is headquartered in Paris with principal subsidiaries in the U.S. and Germany. In the company, AREVA has a 66 percent share and Siemens 34 percent. Framatome ANP has a total workforce of approximately 14,000 worldwide and posts annual revenues totaling more than EUR 2.5 billion.
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