Toshiba Creates Nuclear Energy Unit

Toshiba Corp. said Thursday it has established a new U.S. company, Toshiba America Nuclear Energy Corp., to enhance its nuclear power businesses.

The new company will market and promote advanced boiling water nuclear power plants and provide support for related services, Toshiba said.

Toshiba also plans to expand the scope of operations to provide licensing and engineering support related to construction of future nuclear power plants.

The company will start operating with a staff of about 30.

(Source: Associated Press)