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  HOME | Oil, Mining & Energy (Click here for more)

Chinese Nuclear Company Acquires Spanish Engineering Firm

SEVILLE, Spain – The China National Nuclear Corporation has acquired Spanish engineering firm Nusim in an international expansion plan.

The Chinese state consortium made the purchase of the Spanish company, owned by the Chemtrol business group, through its subsidiary Neptu, Nusim CEO Julio Revilla told EFE on Thursday.

Revilla said the purchase by CNNC will allow Nusim to expand its activity in China and other countries, and apply its knowledge in dismantling nuclear facilities, already committed in several Western countries and that China has set from the year 2035.

CNNC is one of the largest publicly owned business groups in China and the largest dedicated to nuclear energy, covering its entire production cycle, from uranium mining to the dismantling of facilities, through uranium enrichment, the construction and operation of nuclear power plants and the treatment and storage of radioactive waste.

The organization employs more than 150,000 people, of which a significant number work in design and engineering, with 23 design and research institutes throughout the Chinese territory.

Its acquisition of Nusim was part of a strategic international expansion plan to participate in environmental protection projects in Europe, Africa and South America, including the dismantling of European nuclear power plants.

CNNC reported on its website it has a “clear intention to cooperate in the globalization of the entire industrial chain of the nuclear sector, improving the quality and efficiency of the Chinese nuclear industry in environmental protection.”

Revilla did not reveal the value of the acquisition but said the Chinese firm will be able to take advantage of the knowledge the Spanish company has in activities such as the treatment of radioactive waste and the dismantling of nuclear power plants.

It has been an expansive industrial sector following the announcement of several European governments, including Spain and Germany, to close their nuclear plants.

Nusim, based in Seville, was established in 1982 and specializes in the design, engineering, installation and maintenance of radioactive waste treatment systems, the dismantling of nuclear power plants and the supply of radiation protection equipment.

It employs around 30 engineers and specialists and its turnover has fluctuated in recent years between five and eight million euros, according to company data.

 

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