Gamble On Plasma Torch Turns Into Jackpot

Summary


When the old Westinghouse Electric Corp. was shedding businesses left and right a decade ago, its little plasma torch business looked to Shyam Dighe like it would be shut down.

The unit's former plant manager mortgaged his house and pledged his wife's jewelry to scrape together the capital to buy the business from Westinghouse. Now, nine years after taking over Westinghouse Plasma Corp. of Waltz Mill, Westmoreland County, his risky bet is really paying off.

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Extract


Gamble On Plasma Torch Turns Into Jackpot

As reported Friday, Westinghouse Plasma's site was chosen by Chicago-based Coskata Inc. for a $30 million demonstration plant to produce ethanol from waste ...

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