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Nuclear reactors: Mitsubishi to enter sector

Japan's Mitsubishi Heavy Industries Ltd plans to spend ?10 billion (US$83 million) on producing reactors and other equipment for nuclear power generation by March 2004, a report said yesterday. It will be the firm's first big capital spending in 10 years in the field of nuclear power generation, the Nihon Keizai Shimbun said. Mitsubishi Heavy plans to introduce large cranes and new machine tools at its Kobe shipyard in western Japan, with a view to producing an advanced model of pressurised water reactors (PWRs), the economic daily said. The reactors will be for use at a power plant in Tsuruga, central Japan, but the company also plans to export them to the US.
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