New Areva Becomes Orano and Refocuses on Nuclear Materials

French uranium mining and nuclear fuel group, New Areva, announced it has changed its name to Orano and is refocusing on nuclear materials development and waste management. Orano’s activities will include mining, conversion-enrichment, used fuel recycling, nuclear logistics, dismantling and engineering.
As quoted in the press release:

The group has 16,000 employees, with a revenue of 4 billion euros and an order backlog that represents the equivalent of nearly eight years of revenue. Its mining and conversion-enrichment activities place it in the top three worldwide. Toto is a leader in nuclear recycling and logistics, and is developing its business in the medical field.
The name Orano has its etymological roots in the word “uranium”, from which nuclear fuel is produced.

Philippe Knoche, CEO of Orano, commented:

Orano symbolizes a new start. A new start that has been under preparation for several years now. We have set up a new organizational structure, a new business plan, a new strategic action plan and a new social contract. Our new identity is the natural result of all this.
Our new name symbolizes our conviction: nuclear power has a future, as it is a competitive, low-carbon energy that creates jobs. Orano has all it needs to play a key role in this. We have high ambitions for Orano, namely for it to become the leader in the production and recycling of nuclear materials, waste management, and dismantling within the next ten years. I have full confidence in our capacity to give nuclear energy its full value. I am very proud of leading this group and the men and women who are part of it

Click here to read the full New Areva press release.