via BBC News
German industrial and engineering conglomerate Siemens is to withdraw entirely from the nuclear industry.
The move is a response to the Fukushima nuclear disaster in Japan in March, chief executive Peter Loescher said.
He told Spiegel magazine it was the firm’s answer to “the clear positioning of German society and politics for a pullout from nuclear energy”.
“The chapter for us is closed,” he said, announcing that the firm will no longer build nuclear power stations.
A long-planned joint venture with Russian nuclear firm Rosatom would also be cancelled, although Mr Loescher said he would still seek to work with their partner “in other fields”.
Siemens was responsible for building all 17 of Germany’s existing nuclear power plants, according to industry body, the World Nuclear Association.
Mr Loescher said Siemens would still make components, such as steam turbines, used in the conventional power industry that can also be used in nuclear plants.
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Article courtesy bbc.co.uk