Hitachi May Build U.S. Assembly Plant

From AFX:

Hitachi Ltd may build a nuclear equipment assembly plant in North America as early as 2009, the Nihon Keizai Shimbun reported, without citing its sources.

The move aims to strengthen Hitachi (nyse: HIT - news - people )'s cost competitiveness and help it win more orders by making its logistics and construction operations more efficient, the Nikkei said.

The facility will assemble parts made in Japan into large modules that are then sent to construction sites by ship, the report said.

You'll recall that GE Nuclear and Hitachi announced the creation of a joint venture earlier this year in order to capture a greater share of the global market for boiling water reactors.

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