BLUF:
[Townhall] While the U.S. manufacturing industry expands at a robust clip, GE Appliances, a Haier company, continues to place big bets on‐and make major investments in‐manufacturing operations in the United States. So far in 2018, GE Appliances has made a series of investments in the U.S. totaling $275 million. The company invested $150 million to open four new distribution centers across the United States, which will support 220 new jobs...On Monday, GE Appliances unveiled their biggest move yet, announcing a...new $200 million investment in its Kentucky dishwasher and laundry manufacturing operations that will support up to 400 new manufacturing jobs and help the company meet increasing consumer demand. "The changes in rates and favorable tax treatment of investments in machinery and equipment play a big role in our expansion plans," Kevin Nolan, president and chief executive officer for GE Appliances, said Monday morning in the announcement of the investment. |