This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE Invests $1.7 Million To Strengthen Regional Presence In North Carolina And Streamline Product Development And Production Processes; Hosts Grand Opening Of Collaborative Facility In Cary, NC

GE Energy Management (NYSE: GE) today celebrated the grand opening of its new office in Cary, N.C., empowering its teams to design, develop and deliver new products faster than ever before. The facility creates a collaborative workplace by bringing together experts from a variety of GE businesses. Opening this office near GE’s Mebane manufacturing plant enables the company to streamline the development and production processes of its end-to-end electrical distribution product portfolio.

GE Energy Management’s new office is a prime example of its commitment to investing resources and personnel to create simplified and efficient production processes. Located just miles from the company’s Mebane facility—which manufactures products such as lighting panels, power panels, low- and medium-voltage motor control equipment, switchgear and electrical vehicle charging stations—the Cary office co-locates GE’s engineering and product management with other critical functions under one roof. In addition, it creates a global headquarters for GE’s Power Components and Power Equipment businesses.

“Our new Cary office brings employees from three of GE Energy Management’s businesses—Industrial Solutions, Digital Energy and Intelligent Platforms—together under one roof, enabling them to easily work together on projects across a spectrum of industries,” said Stuart Thompson, general manager of Power Equipment, GE’s Industrial Solutions business. “That tight-knit integration, along with the facility’s close proximity to our existing Mebane manufacturing operation, enables us to streamline multiple stages of our product development and manufacturing, creating a more efficient process. For customers, we’re improving their overall experience—from providing customized product designs to expediting manufacturing and lead times.”

GE celebrated the grand opening of its new office today hosting employees, local media and other industry influencers at an official ribbon-cutting ceremony. After the ceremony, attendees were able to view GE’s Odyssey Tour—a mobile truck display of GE’s innovative products and services—which made a special stop in Cary during its six-month tour across North America.

“By investing in an established team of highly trained and experienced personnel at the new Cary branch—such as engineers and product managers—GE has greatly strengthened its presence in the North Carolina region,” said Norm Sowards, general manager of Power Components, GE’s Industrial Solutions business. “Not only has the opening of our Cary office helped solidify us as a leader in the region, it also has created an opportunity to tap into North Carolina’s vast talent pool of local graduates and college students as we look to add highly qualified personnel in the future.”

"GE recognizes North Carolina's educated workforce and great quality of life," said Governor Pat McCrory. "This new Energy Management office strengthens GE's presence in the Raleigh-Durham area as well as the entire state. We're always excited to see existing businesses expanding and reinvesting in our great state."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,152.51 +110.97 0.62%
S&P 500 2,115.11 +10.91 0.52%
NASDAQ 5,070.1770 +37.4260 0.74%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs