24 Jan (NucNet): France’s state-controlled uranium mining and nuclear fuel group New Areva has been renamed Orano, the company said.
Chief executive Philippe Knoche said a new name and logo were necessary to start another chapter in the history of the company, which was split in two and recapitalised in 2017 after years of losses.
New Areva comprises Areva’s nuclear fuel cycle activities that remained after the reorganisation and subsequent sale of its reactor business, New NP, which was renamed Framatome earlier this month.
Orano is focused on nuclear materials development and waste management. Its activities encompass uranium mining, conversion and enrichment, used fuel recycling, nuclear logistics, decommissioning and engineering.
Orano said it has 16,000 employees, with revenues of €4bn ($5bn) and an order backlog of €31.8bn, representing the equivalent of nearly eight years of revenue.
