Today, GE Appliances announced a bold plan to invest over $3 billion in its U.S. operations, workforce, and communities over the next five years. The company’s plan is expected to create 1,000 new jobs.
This $3 billion announcement is the second-largest investment in GE Appliances’ history and in the U.S. appliance industry—only behind the creation of Appliance Park in the 1950s, which is the company’s global headquarters in Louisville, Kentucky.
GE’s investment will broaden its air conditioning and water heating lines, boost production across all product categories, and further upgrade its 11 U.S. manufacturing plants with new automation and equipment. The initial phase of investments will begin at GE Appliances facilities in Kentucky, Alabama, Georgia, Tennessee, and South Carolina.
Kevin Nolan, President and CEO of GE Appliances told investors: “We are defining the future of manufacturing at GE Appliances by investing in our plants, people, and communities. No other appliance company over the last decade has invested more in U.S. manufacturing than we have, and our $3 billion, five-year plan shows that our commitment to U.S. manufacturing will continue into the future.”
Bill Good, VP of GE Appliances Supply Chain stated, “Infrastructure and tools matter, but they are not enough. America’s manufacturing renaissance will be built by people. That’s why we’re partnering with universities, technical schools and high schools to develop the next generation of manufacturing leaders. We’re not just bringing jobs back — we’re bringing purpose, pride, and possibility back to American industry.”
Once this plan is completed, GE Appliances will have invested $6.5 billion in its U.S. manufacturing plants and nationwide distribution network since 2016.
By CEO NA Editorial Staff
