Westinghouse Electric Co., owned by Toshiba Corp., expects additional orders for its third- generation AP1000 reactors from China after selling four units three years ago to the world’s fastest-growing nuclear market.
The ballroom of the Grand Hyatt on Beijing’s East Chang An Avenue was packed. The occasion: the first-ever China International Nuclear Symposium, a gathering of China’s top nuclear players and the world’s nuclear power companies, including Westinghouse, Areva SA, and Hitachi-GE.
Westinghouse Electric Co. provided more than 75,000 documents to its Chinese customers as part of a technology-transfer agreement in its successful bid to build four reactors in China, the Financial Times reported, citing Jack Allen, the company’s president for Asia.
Navistar International Corp. fell the most in almost 10 months after reporting a surprise loss, lowering its forecast for a second time this year and shifting top managers as it struggles to meet 2010 federal emission standards for one of its truck engines.
Westinghouse Electric Co., a unit of Toshiba Corp. , will help a Chinese nuclear technology developer build a new type of reactor to meet rising demand for atomic power in the world’s fastest-growing major economy.