Word: constructionism
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A Nuclear World On paper, at least, Areva is perfectly positioned for the nascent boom. In addition to the 47 new plants under construction worldwide, there are 133 planned for the next decade. Industry analysts predict a further 200 new reactors between now and 2050. At around $7 billion a...
Areva has benefited from nuclear power's second coming as much as any other company. But its 2008 profits - $824 million on $18.4 billion in sales - were down 17% from 2007, due mostly to a whopping $2.4 billion write-down linked to construction troubles with its Finland reactor. The Finnish...
Worried that Areva may be headed for even bigger problems, the French government, which owns 90% of the company, demanded an internal review earlier this year. French media reports speculated that Lauvergeon could get the heave-ho as part of the evaluation, which looked at finances and strategy. The government...
Ambition Meets Competition Areva boosters say the cash generated by off-loading noncore assets will be used to modernize existing reactors and help build new third-generation plants. And in an industry where experience is everything, the company may even be able to spin the setback in Finland as a...
7,000: Number of working class immigrants from more than 20 nations who lived in a single, five-story building—97 Orchard Street—between its construction in 1863 and 1935.