Ionic’s Fabricated Products Division joining GE Energy

WILMINGTON, N.C., August 17, 2005 — In a move designed to further expand GE’s offerings to the global nuclear industry, Ionics Fabricated Products Division will be integrated into GE Energy’s nuclear segment, based in Wilmington, N.C.

Ionics Fabricated Products Division, a leading fabricator of spent fuel canisters and nuclear replacement equipment, was part of Ionics Inc., which GE acquired earlier this year. Ionics Fabricated specializes in manufacturing highly engineered components to nuclear industry specifications, operating under tight schedules, and meeting Nuclear Regulatory Commission and customer quality requirements.

Adding Ionics’ skills and experience to our nuclear team will enable us to offer our customers expanded services and a more diverse product line,” said Andy White, president and CEO of GE Energy’s nuclear business. “Ionics’ manufacturing capabilities in the pressurized water reactor (PWR) and spent fuel segments will complement GE’s experience in the boiling water reactor (BWR) segment.”

White added, “The integration enhances our dry fuel storage services solution with a more complete and complementary offering, and will use GE’s technological capabilities with Ionics’ manufacturing expertise to provide superior products.”

Ionics Fabricated Products Division employs approximately 150 people at two manufacturing facilities in the Pittsburgh, Pa. area. The integration into GE Energy’s nuclear business will be completed in 2006.

GE’s nuclear business develops advanced light water reactors and provides a wide array of technology-based products and services to help owners of both boiling and pressurized water reactors safely operate their facilities with greater efficiency and output.

About GE Energy [ ]

GE Energy is one of the world’s leading suppliers of power generation and energy delivery technology, with 2004 revenue of $17.3 billion. Based in Atlanta, Georgia, GE Energy provides equipment, service and management solutions across the power generation, oil and gas, transmission and distribution, distributed power and energy rental industries.

Previous articleCalpine to sell Ontelaunee Energy Center for $225 million
Next articleHigher natural gas costs force UES to seek new surcharge

No posts to display