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Toshiba Corp. announced that it will merge three current businesses into a new company based in North Carolina.
The thermal and hydropower business operated by Toshiba International Corp. ; the steam turbine and generator business for nuclear power systems operated by Toshiba America Nuclear Energy Corp.; and the STG business for nuclear power systems operated by Westinghouse Electric Co. LLC will merge into a new company, Toshiba America Energy Systems Corp. Toshiba America is expected to begin operation on April 1, 2015 and create about 500 jobs.
“This reorganization of key elements of Toshiba Group’s power systems business in the US is a major step forward. A unified, focused organization will be more efficient and, most importantly, able to support our customers from planning through to maintenance services,” said Shigenori Shiga, corporate executive vice president of Toshiba Corp., and president and chief executive officer of Toshiba’s Power Systems Co. “I look to TAES, in cooperation with WEC, to promote and expand our business in North America.”
TAES will focus on supplying STGs for thermal and nuclear power systems; supplying renewable energy power systems and it will offer comprehension services. Additionally, the company will open a service center in Milwaukee.