Japan Steel Works to Target Non-Atomic Energy After Disaster
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Japan Steel Works Ltd., a maker of nuclear reactor parts for customers from Areva SA to Toshiba Corp., will shift sales to non-atomic energy equipment and may cut idled capacity as the Fukushima disaster curbs orders.
Japan will freeze construction of nuclear reactors and China is likely to delay new orders by a year, slashing component purchases from nuclear plant builders, President Ikuo Sato said in an interview at the company’s headquarters in Tokyo. The company will focus more on wind turbines, steel pipes for natural gas and rotor shafts used in thermal power plants to make up for the shortfall, he said.