• Compiled From Kyodo, Bloomberg

  • SHARE

Toshiba Corp. is considering acquiring Nuclear Fuel Industries Ltd., a joint venture of Furukawa Electric Co. and Sumitomo Electric Industries Ltd., sources said Tuesday.

Toshiba, which has been enhancing its nuclear power business as one of the pillars of its efforts to boost profits, aims to gain the upper hand in getting construction orders for reactors in the U.S. by buying the nuclear fuel producer and expanding fuel sales to overseas markets, the sources said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW