Bosal Industries, the German-owned exhaust systems maker, is expanding its Welsh manufacturing operation. It will build a £5.5m factory in Ebbw Vale to replace its smaller existing premises in Tredegar.
Brakes on Mando
LucasVarity is understood to have cancelled the £300m purchase of South Korean brakes maker, Mando, part of the Halla group. The Anglo-American automotive components group has about £1bn to spend on acquisitions.
The cost of building nuclear power stations in the UK is now ‘prohibitive,’ said Energy Minister John Battle. ‘I cannot see any private power company establishing an economic let alone any other case for doing so.’
AEA Technology and the Ukrainian Academy of Sciences have put forward a plan to deal with the fissile materials (actinides) in the water flowing through the shattered reactor at Chernobyl. They pose the hazard of a spontaneous nuclear reaction in the liquid waste treatment plant that will be built at the site.
Hope for Tracer
An Anglo-American deal to meet the army’s Tracer armoured reconnaissance vehicle project could be signed during the next month, said the MoD. It was feared the 400-vehicle project might be scrapped under the Strategic Defence Review.
Canada has completed negotiations with the Anglo-Italian consortium EH Industries for the supply of 15 Cormorant search and rescue helicopters. The deal, which links GKN-Westland and Agusta, will be worth up to C$580m (£241m).