AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce the formation of NewMOX SAS, Grenoble, France, to service the nuclear fuel market.
NewMOX is a subsidiary of ALD Vacuum Technologies GmbH, Hanau, Germany („ALD“), our engineering subsidiary focused on vacuum furnace technology, which includes sintering furnace systems enabling the production of commercial nuclear fuel from plutonium and depleted uranium (termed “MOX”). ALD’s MOX technology has been applied in Germany, the United States, France, Belgium, the United Kingdom and recently ALD has been delivering such furnace systems to China.
We are excited that our furnace technology engineering excellence has created a new project which resulted in the formation of NewMOX SAS. We have appointed Serge BERTRAND, head of ALD France, where ALD has centered its nuclear technology activities, to be CEO of NewMOX. Dr. Johannes Fachinger, head of nuclear ALD Hanau, will be Chief Technology Officer. Both gentlemen have extensive industry expertise, and most recently were in charge of implementing the MOX furnace technology in a Chinese factory.
For more information and the full press release, please click here: Nuclear Fuel from Nuclear Waste: Formation of NewMOX SAS, France – AMG Corporate (amg-nv.com)
Learn more about NewMOX