Вот, сижу, читаю обращение Веста/Тошибы в суд по банкротству:
http://45tkhs2ch4042kf51f1akcju.wpengine.n...-bankruptsy.pdfQUOTE
The Debtors will move purposefully in these chapter 11 cases to resolve their construction issues with Vogtle and VC Summer, reorganize around their Core Businesses and maximize their value, and emerge from chapter 11 as a healthy and profitable company that remains at the forefront of the global nuclear power industry.
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The WEC U.S. and WEC EMEA entities depend heavily on one another for business support relating to operations, intellectual property, credit support and guarantees. The Company operates its complex businesses by business line on a geographically consolidated basis. As such, WEC U.S. and WEC EMEA are a synergistic and operationally integrated nuclear power company
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WEC EMEA typically relies on WEC U.S. for spare parts and engineers while WEC U.S. regularly utilizes WEC EMEA engineers for design and construction of new tooling. Additionally, WEC EMEA relies on the WEC U.S. entities for a number of corporate functions, including the provision of information technologies (including computer servers and third party products and licenses) and insurance coverage. Maintenance of the value of each of WEC U.S. and WEC EMEA is dependent on the continued health, operation, and cooperation of the other.
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The Westinghouse Nuclear Fuel and Component Manufacturing Business is a leading global supplier of nuclear fuel products, components, and services for nuclear fuels of all types. The NFCM division has a significant presence in the U.S. and Europe, where it provides the majority of fuel products to all PWR reactors. It has a fast-growing presence in Asia through strategic joint ventures, and as well as strategic licensing agreements in Brazil, Spain, and Korea. The NFCM division generated revenues of approximately $1.48 billion and EBITDA of approximately $165 million in FY 2015. This business line has been a stable source of profits for years.
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The annual global demand for fuel fabrication services for PWR, BWR, and VVER (collectively known as “Light Water Reactors”) is about 7,000 tons of enriched uranium to be made into fuel assemblies, a number that is expected to increase 35% by 2020.10 Westinghouse is the world’s largest supplier of fuel for Light Water Reactors, supporting 145 nuclear plants worldwide through a robust supply chain and multiple manufacturing sites. Westinghouse services 84% of the currently-installed PWR plants in the Americas. In addition, the Company delivers fuel to 22% of the active nuclear power plants in Europe, the Middle East, and Africa, and 14% of the nuclear power plants in Asia.
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Like the Nuclear Fuels Business, the Operating Plant Business is a very profitable global business, generating worldwide revenues of approximately $1.65 billion and EBITDA of approximately $238 million in FY2015.
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The Decommissioning Business deploys global technologies and forms local partnerships to carry out long-term projects related to decontaminating, decommissioning, and remediating nuclear power facilities. These services, provided to nuclear power producers worldwide, include spent fuel management and plant decommissioning. The DDR business line is the smallest business line operated by the Company, but it is expected to experience growth as reactors worldwide reach the end of their useful lives. Revenues in FY2015 were $45.0 million.
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The Construction Business division delivers both new-plant projects and major projects for new and already operating nuclear power plants globally. It consists of two business segments: (1) engineering, procurement, and construction (“EPC”) services for customers around the globe, primarily offering the AP1000 technology; and (2) engineering and procurement (“E&P”) services, such as design, equipment, and site installation and startup support, to both AP1000 and non-AP1000 projects. While some portions of the Construction Business are profitable, the main portion of the EPC business, which constructs the Vogtle and VC Summer projects, has damaged the profitability of the entire Construction Business. As a result, the Construction Business generated EBITDA from FY2013 to FY2015 of negative $343 million. As described in detail below, these losses have accelerated in the past 15 months following the Company’s purchase of CB&I Stone & Webster, Inc. (“S&W”).