Stake of Westinghouse Electric sold to Kazakhstan company The day before Gov. Ed Rendell travels to Cranberry to celebrate the start of Westinghouse Electric's new corporate campus in Cranberry, Japanese conglomerate Toshiba Corp. agreed to sell a 10 percent stake in Westinghouse to Kazakhstan's state-run energy company.
Toshiba agreed to the $540 million sale to Almaty-based Kazatomprom so it could gain access to Kazakhstan's abundant supply of uranium, a resource used by nuclear power plants. Kazakhstan hopes to become the world's largest uranium miner by the end of the decade; it currently ranks third.
Monday, August 13, 2007
Stake of Westinghouse Electric sold to Kazakhstan company
For this we need to make local tax breaks so our schools here get less income for operations.