Vladimir Rojanovski, manager of MidCap Sickle and Hammer Fund

– It is simply impossible to ignore the growing present of the Russian nuclear industry on the global markets

NUKEM GmbH, Alzenau, has signed a contract to sell its subsidiary company NUKEM Technologies GmbH to the Russian ZAO Atomstroyexport, the world’s leading uranium trader said in a press release on August 14. NUKEM Technologies is active worldwide in engineering, management of radioactive waste and decommissioning nuclear facilities, and with these activities is “an outstanding match” for the portfolio of Atomstroyexport. The management of NUKEM GmbH is certain that it has selected a viable and strategic future investor for its subsidiary. CFO Dirk Martens said, “Atomstroyexport offers our colleagues in the engineering business the chance to further develop their activities and markets. So jobs at NUKEM Technologies are secured and can be expanded in connection with the global renaissance of nuclear energy.”

I agree that today many foreign companies are seeking cooperation with Rosatom. In the 1990s there was a real risk that we could lose our traditional export markets: Eastern Europe, India, Arabia. But, recently, due to favorable NPP construction costs, our products are already in high demand even in Latin America. Today, it is simply impossible to ignore the growing presence of the Russian nuclear power industry on the global markets.