ROLLS-ROYCE HOLDINGS PLC: Rolls-Royce to Support Hitachi on UK New Build
30 October 2012
ROLLS-ROYCE TO SUPPORT HITACHI ON UK NEW BUILD PROGRAMME
Rolls-Royce, the global power systems company, today announced a collaboration
agreement with Hitachi, Ltd. to support its delivery of new nuclear reactors in
the UK. The agreement follows the announcement of Hitachi's acquisition of
Horizon Nuclear Power.
Lawrie Haynes, Rolls-Royce, President - Nuclear said: "Rolls-Royce is delighted
to have signed this important agreement to explore how it will support Hitachi
in delivering new nuclear build in the UK. Hitachi is a recognised leader in
the global nuclear industry and its acquisition of Horizon is a major step
forward for the UK in securing its long term, low carbon energy needs.
"Hitachi has an impressive and proven track record in global nuclear new build
which will complement the UK's extensive nuclear skills and expertise base and
provide a huge opportunity for Rolls-Royce and the UK supply chain to make a
significant contribution to the delivery of this major infrastructure
Under the terms of the agreement, the two companies will explore how
Rolls-Royce can support Hitachi in the deployment of Advanced Boiling Water
Reactor technology in the UK and internationally, through the provision of high
value added manufacturing, engineering and technical services. It will also
focus on the development of instrumentation and control opportunities both in
the UK and overseas.
Rolls-Royce supports a number of key phases of the global nuclear programme,
including providing advice to governments and operators, supply chain
management, and manufacturing and technical engineering support. The Group also
provides safety-critical instrumentation and control systems to reactors across
Notes to Editors:
1. Rolls-Royce is a world-leading provider of power systems and services for
use on land, at sea and in the air, and has established a strong position in
global markets - civil aerospace, defence aerospace, marine and energy.
2. Annual underlying revenue was £11.3 billion in 2011, of which more
than half came from the provision of services. The firm and announced order
book stood at £60.1 billion at 30 June 2012, providing visibility of future
levels of activity.
3. Rolls-Royce employs over 40,000 people in offices, manufacturing and
service facilities in over 50 countries. Over 11,000 of these employees are
4. In 2011, Rolls-Royce invested £908 million on research and development,
two thirds of which had the objective of further improving the environmental
performance of its products, in particular reducing emissions.
5. Rolls-Royce supports a global network of 28 University Technology Centres,
which connect the company's engineers with the forefront of scientific
6. Rolls-Royce has a large and highly experienced nuclear skills base with
approximately 3,000 employees in the UK, France, the Czech Republic, North
America and China.
7. Rolls-Royce provides nuclear power utility vendors and operators with
integrated, long-term solutions and support services. These services span the
whole reactor lifecycle, from concept design through to obsolescence management
and plant life extension. With nuclear expertise including component
manufacturing, licensing, project and supply chain management as well as
world-class engineering, the company has been a key player in the industry for
over 50 years.
8. Hitachi Ltd (TSE: 6501) is headquartered in Tokyo, Japan and has
approximately 320,000 employees worldwide. Fiscal 2011 (ended March 31, 2012)
consolidated revenues totalled 9,665 billion yen ($117.8 billion).
For further information, please contact:
Director - Investor Relations
Tel: +44 (0)20 7227 9237
Director of External Communications
Tel: +44 (0)20 7227 9163
-0- Oct/30/2012 07:00 GMT
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