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AREVA and Sandvik sign a major industrial agreement on steam generator tubes procurement worth almost 200 millions euros

News brief

ACTIVITIES / NUCLEAR POWER

July 03, 2009

On July 1st, AREVA and Sandvik Materials Technology, a subsidiary of Sandvik group, signed a multi-year contract to supply steam generator tubes, valued at almost 200 millions euros.

This agreement, as part of the AREVA long-term strategy, secures critical supplies and enables the group to meet the strong global demand for future nuclear power plants.

This signature reinforces the two companies’ cooperation and marks another important stage in the relationship between the two groups.

Steam generators tubes first deliveries will occur at the end of 2013.

According to Guillaume Dureau, Executive Vice President for AREVA’s Equipment business unit "in order to meet our customers strong expectations, we need to keep on increasing our manufacturing capacities, securing our critical supplies and forming strong partnerships around the world."

"The nuclear power industry places extremely high demands on product quality and performance. This contract strengthens Sandviks’ position as a leading supplier of steam generator tubes for the rapidly expanding nuclear power industry," says Ad Raatgeep, Senior Vice President of Sandvik Materials Technology & Head of Product Area Tube.