ETC is a joint venture company owned in equal share by URENCO and Areva. It has the exclusive responsibility for the development and manufacture of world-leading centrifuge enrichment technology.
The core activities of ETC are:
ETC was formed in October 2003 and has its Head Office in the UK. There are four subsidiaries: Enrichment Technology Nederland B.V., Enrichment Technology UK Ltd, Enrichment Technology France SAS, Enrichment Technology US Inc.; and one branch Enrichment Technology Company Limited, Zweigniederlassung Deutschland.
The Joint Venture was completed on the 3 July 2006 when Helmut Engelbrecht, former CEO of URENCO and Anne Lauvergeon, CEO of AREVA signed an agreement to create the Enrichment Technology Company (ETC), the Joint Venture between AREVA and URENCO in the field of uranium enrichment centrifuge technology. The Joint Venture gave AREVA a 50% equity stake in ETC. This collaboration was subject to competition clearance from the European Commission as well as intergovernmental agreements between the governments of Germany, the Netherlands, the United Kingdom and France.
Please click here to visit the ETC company website.