Hitachi Ltd., Toshiba Corp. and Mitsubishi Heavy Industries Ltd. are considering integrating their nuclear fuel businesses next spring, sources close to the matter said Thursday.
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The integration of their fuel businesses would be expected to reduce costs and bolster their respective financial standings.
They are mulling merging Nuclear Fuel Industries Ltd., in which Toshiba holds a majority stake through U.S. subsidiary Westinghouse Electric, the Japanese unit of Global Nuclear Fuel, a joint venture of Hitachi, Toshiba and General Electric, and Mitsubishi Nuclear Fuel Co., an affiliate of Mitsubishi Heavy.
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