Companies

Toshiba and IHI drop nuclear venture in shift to renewable energy

Global tide against atomic reactors hits Japanese companies

20181018N IHI Toshiba

An IHI-built nuclear containment vessel for Toshiba. Both companies are scaling back nuclear ambitions as the world shifts away from the power source.

KENJI ASADA and YUKINORI HANADA, Nikkei staff writers
October 19, 2018 06:43 JST

TOKYO -- Japan's Toshiba and IHI are dissolving a joint venture that manufactures nuclear power plant equipment, scaling back operations in a field battered by global trends toward renewable energy.

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