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Encyclopedia > Westinghouse Electric Company

Westinghouse Electric Company is a nuclear reactor technology business company, providing nuclear services, power plants, nuclear fuel, and fuel handling equipment to utilities and governments in the United States, Europe, and Asia. Toshiba Group is its majority owner. Core of a small nuclear reactor used for research. ... A nuclear power station. ... Nuclear Fuel Process A graph comparing nucleon number against binding energy Nuclear fuel is any material that can be consumed to derive nuclear energy, by analogy to chemical fuel that is burned to derive energy. ... For other uses, see Europe (disambiguation). ... For other uses, see Asia (disambiguation). ... Toshiba Corporations headquarters (Center) in Hamamatsucho, Tokyo Toshiba Corporation sales by division for year ending March 31, 2005 Toshiba Corporation ) (TYO: 6502 ) is a Japanese multinational conglomerate manufacturing company, headquartered in Tokyo, Japan. ...

Contents

History

  • In 1995 Westinghouse Electric Corporation purchased CBS and started giving up its industrial and defense businesses.
  • In 1996, the company sold its defense electronics business and purchased Infinity Broadcasting.
  • In 1997 the company was renamed CBS Corporation.
  • In 1998 the company CBS Corporation sold its nuclear business to BNFL (British Nuclear Fuels) who started to operate it as Westinghouse Electric Company. The same year, CBS Corporation created a new subsidiary company called Westinghouse Electric Corporation to manage the Westinghouse brand.
  • In 2000 the ABB Group's nuclear power business, formerly Combustion Engineering (CE), was purchased by BNFL and merged into Westinghouse Electric Company.
  • In 2006 Westinghouse Electric Company completed acquisition of PaR Nuclear/Ederer Nuclear Cranes, providing complete fuel and cask handling equipment systems.
  • In 2006 Westinghouse Electric Company was sold by BNFL to Toshiba.
  • In 2007 Westinghouse Electric Company acquired Carolina Energy Solutions (CES) and its affiliates Aggressive Equipment (AE), now WEC Machining; Construction Institute of America (CIA), now WEC Welding Institute; and Carolina United Services, now Carolina Union Services.

Westinghouse logo (designed by Paul Rand) The Westinghouse Electric Company, headquartered in Monroeville, Pennsylvania, is an organization founded by George Westinghouse in 1886. ... This article is about the broadcast network. ... CBSs first color logo, which debuted in the fall of 1965. ... British Nuclear Fuels plc or BNFL manufactures and transports nuclear fuel (notably MOX), runs reactors, generates and sells electricity, reprocesses and manages spent fuel (mainly at Sellafield), and decommissions nuclear plants and other similar facilities. ... The Westinghouse Electric Corporation (WEC) is a Delaware corporation founded by a prior instance of the CBS Corporation in 1998 to manage the intellectual property assets relating to the venerable Westinghouse brand. ... For other uses, see Brand (disambiguation). ... Asea Brown Boveri, or ABB, is a multinational corporation operating mainly in the energy and automation business areas. ... Combustion Engineering was a leading firm in the development of power systems in the United States in the late 20th century. ... British Nuclear Fuels plc or BNFL manufactures and transports nuclear fuel (notably MOX), runs reactors, generates and sells electricity, reprocesses and manages spent fuel (mainly at Sellafield), and decommissions nuclear plants and other similar facilities. ... Toshiba Corporations headquarters (Center) in Hamamatsucho, Tokyo Toshiba Corporation sales by division for year ending March 31, 2005 Toshiba Corporation ) (TYO: 6502 ) is a Japanese multinational conglomerate manufacturing company, headquartered in Tokyo, Japan. ...

Europe

Westinghouse Electric Company has several fully owned subsidiaries in Europe such as the European Service Center (also called Westinghouse Electric Belgium) located in Nivelles, Belgium, where equipments are being prepared for interventions throughout Europe. After the take over of ABB Reaktor in Germany, Westinghouse transferred the radiological storage activities located in Ladenburg, Germany, to the existing site in Nivelles, Belgium, which was extended. Soon after that extension, another extension followed as the people working in the Brussels' office were transferred to Nivelles too. It is estimated that 150 people were working in Nivelles at the end of 2005. In 2001, Westinghouse take over a company named Logitest in France, specialized in non destructive examination of steam generator of EDF nuclear plants. From there, Westinghouse started to expand its business in France. The company Westinghouse Electrique France is now located in Les Ulis and Marseille. About 300 employees are now part of Westinghouse in France Nivelles (Dutch: Nijvel) is a municipality located in the Belgian province of Walloon Brabant. ... ABB, formerly Asea Brown Boveri, is a multinational corporation headquartered in Zürich, Switzerland, operating mainly in the power and automation technology areas. ... For other places with the same name, see Brussels (disambiguation). ...


Sale to Toshiba

In July 2005 BNFL confirmed it planned to sell Westinghouse, then estimated to be worth $1.8bn (£1bn). However the bid attracted interest from several companies, including Toshiba, General Electric and Mitsubishi Heavy Industries and when the Financial Times reported on January 23, 2006 that Toshiba had won the bid, it valued the company's offer at $5bn (£2.8bn). On February 6, 2006 Toshiba confirmed it was buying Westinghouse Electric Company for $5.4bn and announced it would sell a minority stake to investors.[1] Toshiba Corporations headquarters (Center) in Hamamatsucho, Tokyo Toshiba Corporation sales by division for year ending March 31, 2005 Toshiba Corporation ) (TYO: 6502 ) is a Japanese multinational conglomerate manufacturing company, headquartered in Tokyo, Japan. ... “GE” redirects here. ... Mitsubishi Heavy Industries, Ltd (MHI) (三菱重工業, Mitsubishi JÅ«kōgyō) TYO: 7011 is a Japanese company. ... The Financial Times (FT) is a British international business newspaper. ...


The sale surprised many industry experts who questioned the wisdom of BNFL selling one of the world's largest producers of nuclear reactors shortly before the market for nuclear power is expected to grow substantially; China, the United States and the United Kingdom are all expected to invest heavily in nuclear power. [1] However The Economist gives several reasons in favor of a sale; the commercial risk of the company's business in Asia may be too high for taxpayers money, if Westinghouse won the bid for any new nuclear stations in the UK competition questions may be raised, if lost it may be seen as a lack of faith in its own [Westinghouse] technology' and finally the record of UK governments building nuclear plants is a commercial disaster. [2] This article is about applications of nuclear fission reactors as power sources. ... The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd and edited in London. ... For other uses, see Asia (disambiguation). ...


The acquisition of Westinghouse Electric Company for $5.4bn was completed on October 16, 2006, with Toshiba obtaining a 77% share, and partners The Shaw Group a 20% share, Ishikawajima-Harima Heavy Industries Co. Ltd. a 1% share & GE a 2% share. On 13 August 2007 Toshiba sold 10% to Kazatomprom, the national uranium company for the Republic of Kazakhstan. Kazatomprom's ownership is entirely passive, with no voting or veto rights or even a presense on the board of directors. The Shaw Group is a Fortune 500[1] corporation headquartered in Baton Rouge, Louisiana. ... Ge may refer to: Gê, a group of indigenous Brazilian tribes and their Ge languages Ge (Cyrillic) (Г, г), a letter of the Cyrillic alphabet Ge with upturn (Ґ, ґ), a letter of the Ukrainian alphabet Nikolai Ge, a Russian painter Gē, an ancient Chinese dagger-axe Ge (genus), a genus of butterflies Also... Kazatomprom is a state-owned nuclear holding company in Kazakhstan, which operates in the field of uranium and nuclear fuel cycle services, production of beryllium, tantalum and niobium, and power production. ...


Moving to Cranberry Township

After a long period of waiting, Westinghouse finally decided to move its world headquarters from the Energy Center in Monroeville, PA, to Cranberry Woods in Cranberry Township, Butler County, PA. This action, a painful and devastating blow to the economy of Monroeville, however was reported in a memo that stated the main reason was due to rapid expansion in the global Nuclear industry. The move is expected to begin in early 2009 and complete by end-of-year 2010, with construction expected to begin in July 2007. A community website easywemove.info was created to assist easy transitions to the north of Pittsburgh. Coordinates: Country United States of America State Pennsylvania County Allegheny Incorporated January 25, 1951 Government  - Mayor James Lomeo Area  - Borough  19. ... Cranberry Township Cranberry Township is a township in Butler County, Pennsylvania, United States. ...


References

  1. ^ BBC News (2006) "BNFL to sell U.S. power plant arm" Retrieved Feb. 6 2006
  2. ^ "Technology transfer" (Jan. 28, 2006) The Economist pp. 30—31

  Results from FactBites:
 
Westinghouse Electric Company - Wikipedia, the free encyclopedia (330 words)
The Westinghouse Electric Company is a nuclear reactor technology company.
Previously, it was a subsidiary of BNFL plc and, prior to that, the CBS group.
The sale has suprised many industry experts who question the wisdom of selling one of the world's largest producers of nuclear reactors shortly before the market for nuclear power is expected to grow substantially; China, the United States and the United Kingdom are all expected to invest heavily in nuclear power.
Westinghouse Electric Corporation (1886) - Wikipedia, the free encyclopedia (434 words)
The Westinghouse Electric Corporation was an organization founded by George Westinghouse in 1886 as Westinghouse Electric and Manufacturing Company.
Westinghouse Electric received the rights for the first patent for alternating-current transmission, from Nikola Tesla, and unveiled the technology for lighting in Great Barrington, Massachusetts.
It was historically the rival to General Electric.
  More results at FactBites »

 
 

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