Word: plant
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Dates: during 2000-2009
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...agenda: how the family would come up with the billions needed to keep Fiat whole. "He was a remarkable man and it will be hard to replace him. I just wish he had not seen his empire plunge into disaster," said one worker clocking off at Fiat's Mirafiori plant in Turin. The heirs of Fiat (the family controls 34% of the stock) inherit a desperate company. Fiat Auto lost j1.35 billion last year, and the parent company was forced to string together a huge j3 billion loan just to keep operating. At least j3 billion in additional capital will...
...Also controversial are unanswered questions about the disposal of the Tennessee plant's radioactive waste. Officials in Tennessee have reached a tentative agreement with LES to cap the amount of waste and, last week , the company announced that the material would not stay in Tennessee permanently. But it offered no details as to where the waste might be transferred, a process that can be subject to complex federal licensing procedures...
...company that wants to build the new Tennessee enrichment plant is called Louisiana Energy Services. A consortium of US and foreign companies in which URENCO has a major financial role, LES insists that the link between URENCO and nuclear proliferation is "long ago and far-fetched at this point". URENCO itself has denied authorizing leaks of technology to rogue states...
...only previous attempt by LES to build an enrichment plant involved a multi-year effort in the 1990's targeting a small town in Louisiana. Closed Congressional hearings on Iraqi attempts to acquire nuclear weapons were held not long before, and delved into URENCO's record. Subsequently, powerful Michigan Democrat John Dingell raised concerns that the LES plant in Louisiana might violate provisions governing the movement of classified technology from foreign countries under the federal Atomic Energy Act. That issue was never resolved, but LES gave up attempts to build the Louisiana facility amid controversy over its impact on nearby...
...Tennessee politicians have taken a position on the new enrichment plant. That includes Sen. Bill Frist, the new Senate Majority Leader, who has remained neutral on the proposed plant in his home state. But he plans to follow the debate "very closely," says an aide...