The two technologies went head to head for a contract to build the first Fessenheim plant. Solutions PortfolioOur global portfolio of products and servicesFind the right solution to operate & optimizeyour facility, Innovation@Framatome#MakeItHappenInnovating in the nuclear industryfor safe and competitive energy. Both types of reactors were already in operation. Framatome supplies connectors to the automotive, electronics, aerospace, telecommunications, computer and computer network, and other industries. From this point, Framatome, aided by the French nuclear and electric agencies, began to "franconize" the Westinghouse technology. In a meeting with CGE, Framatome's chief executive, Maurice Aragou, warned of the high cost associated with building the Chooz reactor. Framatome, which posted revenues of FFr 17 billion in 1995, remains 51 percent owned by the French government.

Framatome placed a counter bid for the company and reached an agreement to acquire Télémécanique. Alcatel-Alsthom's next attempt against Framatome came in 1994, when the French government, under Eduouard Balladur, decided to privatize Framatome and give the government's controlling share of the company to Alcatel-Alsthom. Nonetheless, the French government pursued a course of encouraging the development of both light water reactor technologies. But GCR offered the French the independence they sought, as that technology made use of natural uranium, rather than the enriched uranium of the American system. The original mission of the company, which consisted of four engineers, one each from each of the parent companies, was to act as a nuclear engineering firm and to develop a nuclear power plant that was to be identical to Westinghouse's existing product specifications. EDF, in turn, adopted a policy of ordering plants on a standardized, series-built, multiyear contract basis, and not one by one as had been the previous policy. Get weekly alerts on business insights, acquisitions, and changes in the technology landscape. The nuclear power industry hit a bump in 1979 with the accident at Three Mile Island. The company's corporate share of net income had also slipped, from FFr 863 million in 1993 to FFr 663 million in 1995. Company profile page for Framatome SA including stock price, company news, press releases, executives, board members, and contact information By 1969, the company received a new boost: the French military had successfully built a uranium enriching plant, freeing the light water reactor technology from dependence on U.S. or Soviet Union supplies of the material. After the failure of its Télémécanique bid, Framatome decided to place its diversification strategy fully into the connectors industry. By the beginning of 1960, only two bids remained in contention; in the middle of the year, Framatome received informal permission to begin the design work on the Chooz reactor. As its largest creditor, Framatome took over much of its former parent's operations, including the mechanical engineering and metalworking businesses of Creusot-Loire and its subsidiaries. Framatome partners with ADAGOS to bring artificial intelligence to the nuclear energy industry. At the last moment, however, one of Framatome's shareholders, CGE, blocked the acquisition. Oil and Gas; Headquarters. But the French nuclear power policy remained intact, allowing Framatome to continue to thrive. United States, Explore 59 technologies across 17 categories that Framatome uses. Meanwhile, the EDF (the French government-owned electric utility), in opposition to the CEA, maintained an interest in PWR technology. Timely is an appointment Scheduling for hair and beauty businesses. An attempted merger with GEC-Alsthom, a joint venture operation between Britain's GEC and longtime Framatome rival Alcatel-Alsthom, the former French electric monopoly, was successfully scuttled in April 1997. The following year, Framatome repeated its success, winning the contracts for two new French reactors, Bugey 1 and 2, as well as the options to build Bugey 3 and 4. We use cookies to improve your browsing experience. Weeks after the OPEC decision to raise the price of oil, the French government directed the EDF to step up its nuclear plant construction, with a goal to achieving a 50 percent domestic supply of the country's energy needs. While the Americans offered to supply enriched uranium for European reactor use, the French government, jealous of its independence, appeared to lean toward authorizing GCR as the "national" nuclear reactor technology.