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Statement from the Urenco Ltd Board - EU Referendum
17 May 2016 Global NewsUrenco is a UK headquartered company, employing more than 100 people in our head office and more than 450 people at our UK site. We are also in the final stages of building a circa £700 million facility in Capenhurst outside of Chester that currently has 1,500 contractors on site and will employee 95 people when operational in 2017.
Urenco is a world class business, owned in equal parts by the UK Government, the Dutch Government and two German utilities, E.ON and RWE. However, we operate as a stand-alone company. We are a living example of excellent European co-operation over the last 40 years. We believe that Britain being part of the European Union is very important to our company. We think of ourselves as a European based business, with the added benefit of a strong presence in the USA, that supplies the world. To have access to the European Union as a member is of significant importance. Our strategic decisions and long-term investment in the business benefit from having the UK, Germany and the Netherlands within the same economic and market framework.
We can only see advantages to Britain being part of the European Union and believe an exit would bring considerable financial and commercial market uncertainty. We have heard no arguments that in any way suggest that Britain outside of the European Union would benefit our business. We want to see Britain vote in favour of remaining in the European Union, for the benefit of our business, employees and shareholders.
Stephen Billingham,
Chairman, Urenco Ltd on behalf of the Urenco Ltd Board.
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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