Annual report 2009 - Siempelkamp

Stud tensioning machine in action
Nuclear technology
Profi ting from the dynamic business in the industry as well as from investments in an improved
infrastructure, the nuclear technology business unit achieved a very pleasing result.
A sales increase of 18%, an order backlog of 118.9 million Euros, a consistently optimized and
diversifi ed portfolio, trendsetting company acquisitions, the development of subsidiaries and sales
organizations, as well as successful quality assurance are factors that contribute to the further
expansion of the national and international market position of this business unit.
Market development / positioning in the market
The globally rising energy demand and the reliable assurance of the supply at economically acceptable
costs are major topics in world politics – even before the climate debate started. Even within the
group of leading industrial nations, the approaches to solving this issue are very different.
In Germany nuclear technology is regarded as a phase-out model. Currently, only the repeal of the
decision to phase-out and possible limited lifetime extensions for the equipment are considered.
Corresponding political resolutions are not to be expected until fall 2010 in connection with the
energy program announced by the German government. Regardless of these delays, among the
operators the willingness to resolve long-term investment bottlenecks can be recognized. Furthermore,
retrofi t programs performed in operating nuclear power plants demonstrate that a lifetime
extension is anticipated, at least for the newer plants.
In global terms this situation presents itself in a different way. Life extensions for nuclear power
plants in countries including the USA, Switzerland, Sweden as well as the Netherlands have been
resolved. Countries including Italy and presumably Sweden, which decided to phase out nuclear
energy in the 1980s, have made construction decisions to reinstate nuclear energy. France wants
to replace older nuclear power plants with the generation EPR (European Pressure Reactor) in the
medium-term.
The development of existing power plants for the safeguarding of increasing energy demands has
been resolved in China, India and Russia. The implementation is in progress. With the decision to
erect four power plant units, the United Arab Emirates also focus on their future energy supply.
As a result of these diverse developments, happening primarily on international grounds, Siempelkamp
Nukleartechnik is changing from a nationally to an internationally acting company. We have
reinforced our international orientation with subsidiaries in the USA and Great Britain. Starting out
as companies with marketing, consulting, and coordinating tasks at fi rst, it has become apparent
that especially in the case of the MOTA Corporation (today Siempelkamp Nuclear Services Inc.),
which was acquired in the USA, the operational delivery and service business started soon.