French Nuclear Industry in Turmoil as Manufacturer Buckles

March 4, 2015 2:17 PM

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France's nuclear industry is in turmoil after the country's main reactor manufacturer, Areva, reported a loss for 2014 of 4.8 billion euros ($5.3 billion) — more than its entire market value.

The government of France, the world's most nuclear dependent country, has a 29 percent stake in Areva, which is among the biggest global nuclear technology companies. The loss puts its future — and that of France as a leader in nuclear technology — at risk.

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