Global technology conglomerate Toshiba Corporation has announced it will "reinforce its power systems business" by merging its three North American businesses into a new company, including its hydroelectric power and thermal arm.
Toshiba's North American hydropower branch, operated by Toshiba International Corporation (TIC), will be combined with its steam turbine and generator (STG) business for nuclear power systems operated by Toshiba America Nuclear Energy Corporation (TANE) and its STG business for nuclear power systems operated by Westinghouse Electric Company LLC (WEC).
The new company, to be named Toshiba America Energy Systems Corporation, will be based in North Carolina and is set to begin operation on April 1, 2015.
"This reorganization of key elements of Toshiba Group's power systems business in the U.S. is a major step forward," said Shigenori Shita, corporate executive vice president of Toshiba and president and CEO of the its Power Systems Company. "A unified, focused organization will be more efficient and, most importantly, able to support our customers from planning through to maintenance services."
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