GE Transportation Expands Manufacturing in Grove City; Will Create Up To 150 New Jobs By Early 2013

Loading...
Loading...
GE Transportation
GE
today announced plans to establish a new production facility in Grove City, Pa. in order to meet accelerating demand for remanufacturing services. The company will invest approximately $35 million to build capacity at a new diesel engine remanufacturing plant. GE is investing an additional $37 million in 2011 and 2012 in the existing plant for a combined investment of $72 million in manufacturing in Grove City. The new facility will be located at an existing site where GE anticipates employing up to 250 employees by early 2013, including approximately 100 current GE employees who will transfer from the current Grove City facility. The Company plans to hire approximately 150 additional employees by early 2013. Production is scheduled to begin by the end of 2012. GE Transportation expects demand for remanufacturing services to increase significantly in coming years. This increase will be driven by routine locomotive overhaul cycles and the need to comply with stringent EPA Tier 3 emissions standards for diesel engines by 2013. “This new facility will enable GE Transportation to better serve its customers while meeting a dramatic increase in demand for remanufacturing in the next few years,” said Richard Simpson, Global Services Supply Chain Operations Leader. “Our investment in Grove City is a commitment to our customers to continue providing them with the best products, technology and services in the industry.”
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsM&A
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...