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    Jeumont-Schneider industrie : Agreement between framatome and Schneider

    Paris, 17th February 1992 - According to an agreement between Framatome and Schneider, Framatome is to take control of Jeumont-Schneider Industrie (JSI) and its subsidiaries Sarelem, Somanu and Visionic. JSI employs 2000 people and its annual sales in 1992 were 1,150 billion French francs.

    In the nuclear field, JSI has worked in close collaboration with Framatome from the start of the French nuclear power program. It manufactures NSSS components (reactor coolant pumps and control rod drive mechanisms) and has also set up nuclear maintenance (Somanu) and services activities.

    The non-nuclear activities of Jeumont-Schneider Industrie and Jeumont-Schneider Automation are also concerned by the Framatome/Schneider agreement, and are to be managed by Framatome in conjunction with the Alcatel-Alsthom group, who is expected to take control of some or all of these activities.

    This transfer means:

    - Framatome will strengthen its position in the field of nuclear steam supply systems ;

    - Schneider Industrie will focus on its activities in the fields of electric power supply, industrial control and industrial automation

    - The continued development of Jeumont-Schneider Industrie and Jeumont-Schneider Industrie Automation, whose business will be continued under the names of Jeumont Industrie and Jeumont Automation, will benefit from the support of the Framatome and Alcatel-Alsthom groups.

    Press Contact:
    Schneider Electric
    Véronique Moine
    Tel. +33 (0)1 41 29 70 76
    Fax +33 (0)1 41 29 71 95