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| Westinghouse Electric Company acquisition  The Shaw Group Inc. announced that the Westinghouse Acquisition Companies have completed the acquisition of Westinghouse Electric Company. Shaw holds 20% interests in the Westinghouse Acquisition Companies through a wholly-owned subsidiary, Nuclear Energy Holdings, L.L.C. (NEH). The remaining ownership in Westinghouse Electric is held by Toshiba Corporation, 77%; and Ishikawajima-Harima Heavy Industries Co., Ltd, 3%.In 1957, Westinghouse and Shaw successfully collaborated to establish the first commercial nuclear plant reactor in the United States at Shippingport, Pennsylvania. With this transaction, Toshiba, Shaw and Westinghouse have formed the world's strongest nuclear services team. write your comments about the article :: © 2006 Construction News :: home page |