Search past winners/finalists

KEPCO Nuclear Fuel Company - Company of the Year

Gold Stevie Award Winner 2018, Click to Enter The 2019 International Business Awards

Company: KEPCO Nuclear Fuel Company
Entry Submitted By: KCU
Company Description: KEPCO Nuclear Fuel Company (hereby ‘KNF’), is a public corporation that designs and manufactures nuclear fuels.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Utilities - Large

Nomination Title: KEPCO Nuclear Fuel Company

Tell the story about what this nominated organization has achieved since 1 January 2017 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms.

Established in 1982, KEPCO Nuclear Fuel Company (hereby ‘KNF’), is a public corporation that designs and manufactures nuclear fuels, has been developing nuclear fuel fabrication and localize manufacturing technologies for over 30 years to provide high-performance·quality fuels to original UAE. In addition, we have achieved remarkable achievements by improving competitiveness of domestic and overseas business and continuous technology development.

First, we have successfully carried out the new nuclear power plant business in UAE through stable and economical nuclear fuel transportation. Overcoming the difficulties due to lack of experience in international transportation, we have established a real-time monitoring and sharing network of current status and succeeded in exporting nuclear fuel for the first time by steadily supplying UAE unit 1 fuel in March 2017. Also, we established a close communication and collaboration system with government agencies and achieved a cost reduction of 3.7 billion KRW by reducing the number of transition.

Second, despite the expiration fate of existing parts supplying contacts in the Brazilian parts exporting business, and Brazil’s domestic production possibilities increasing, while we continued to emphasize the superior technology of the company through communication and cooperation, the company successfully won new contracts through strategic negotiation, resulting year-on-year profit margin increase of 271%

Third, we succeeded commercializing solidification technology for delivery of radioactive waste repository. By reducing the volume of radioactive waste solidification to less than 20% compared to existing technologies, it reduced total of 65 drums, saved cost of 1.72 billion KRW, and increased the possibility of technology utilization and commercialization in the decommissioning business of nuclear facilities.

Fourth, as the social demands for strengthening the disaster safety management system increased due to the occurrence of the subsequent earthquakes, we built an integrated disaster safety management system and infrastructure including safety information and risk factor management system. In addition, by interlocking CCTV and fire detector to shorten the time to detect the situation in case of an emergency and shorten the response time, and secured 19,000 process rick information big data, provided real-time monitoring management of manufacturing process.

Fifth, in order to accumulate technology and respond quickly and accurately, we developed our own technology for strengthening nuclear safety and radiation environment safety. Completed development of radiation environment impact assessment code, code verification resulting ‘conformity’, as well as internal exposure dose assessment, also ensured self-performance, optimizing the sampling period of urine, which greatly reducing the travel time and total time required for the measurement.

Sixth, in order to verify safety internationally and establish overseas export base, we promoted APR1400 nuclear power plant standard certification in USA and Europe. In order to qualify for the Enhanced European Operator Requirement (EUR), 99.2% of the total requirements were met with a very high degree of compliance, as well as the evaluation passed in the shortest period of time. The US certification increased the export possibility by promoting the best examination stage among the advanced companies in the US in line with the promotion road map

Seventh, we have secured world-class safety by inventing new nuclear fuel material. As well as completing the final candidate prototype manufacturing of the inherent improvement alloy for in-core combustion test, secured the commercial production yield and secured the improved safety performance compared to the materials of Westinghouse USA.

KNF received a government award on the Day of Nuclear Safety Promotion in recognition of its contribution to nuclear safety, have been recognized for its achievements in the selection of the best quality competitiveness company and the improvement of productivity for 17 consecutive years.

In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this organization since the beginning of 2017 (up to 150 words).

1. UAE new nuclear power supplying nuclear fuel timepiece: Successful completion of the first international nuclear fuel transportation

2. Received contract for Nuclear Fuel Parts Supply in Brazil : Profit rate increased 271% compared to previous year

3. Development of radioactive waste solidification technology : Reduced cost by 1.72 billion KRW by minimizing volume increase

4. Establishment of disaster safety control system and safety information integrated management system: Strengthen on-site safety management and emergency response capabilities

5. Completing the development of own technology on nuclear safety and radiation environment technology: Disaster prevention ability 100% secured

6. Increase export possibility by acquiring standard design certification: Completion of Europe Certification and promotion of US Top review stage

7. Development of new materials for nuclear fuels with enhanced safety: Ensure world-class accidents resistance performance

Of the following measures of success, which ONE do you want the judges to most appreciate about your organization's story of achievement since the beginning of 2017? Overall Innovation