GE's (GE) Transportation Will Invest $72M in Grove City Plant Expansion
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GE Transportation, a unit of General Electric Company (NYSE: GE), 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.
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.
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