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GE Breaks Ground On First Power & Water Advanced Manufacturing Facility

Stocks in this article: GE

General Electric (NYSE:GE) today announced the construction of a new state-of-the-art Power & Water advanced manufacturing facility to be built in Greenville, SC. GE plans to invest $400 million over the next ten years in Greenville to expand the company’s advanced manufacturing capabilities. The new Advanced Manufacturing Works is expected to open in 2015 and create more than 80 jobs.

GE Power & Water President and CEO Steve Bolze, South Carolina Governor Nikki Haley, Senator Lindsey Graham, Senator Tim Scott and Greenville County Council Chairman Dr. Bob Taylor attended a ceremonial groundbreaking at the current GE Greenville Manufacturing site where the new facility will be co-located.

This will be GE Power & Water’s first advanced manufacturing facility. The facility will serve as an incubator for innovative advanced manufacturing process development and rapid prototyping for the Power & Water businesses, including wind turbines, heavy duty gas engines, distributed power gas engines, nuclear power services and water processing. By developing new techniques and production processes at the new facility, the GE Power & Water business will be able to design, test, iterate and bring its products to market for customers quicker than ever.

“Greenville serves as the ideal location for the Power & Water advanced manufacturing site. Here we will be able to deliver even more innovative breakthrough products and services, work better with each other and our customers, and bring best-in-class technologies to market quicker,” GE Power & Water President and CEO Steve Bolze commented. “GE thanks Governor Haley, Senator Graham, Senator Scott and Council Chairman Taylor for their hard work and their continued partnership which made today possible.”

GE started in Greenville more than 40 years ago with a 340,000 sq. ft. site. The site has since grown into more than 1.5 MM square feet of factory and offices, manufacturing products for customers worldwide. GE has more than 3,000 employees in Greenville and, in the past five years, has invested more than $500 million to bolster critical manufacturing activities housed on the GE Power & Water campus. The company has established valuable relationships with local community schools, universities and technical programs to develop new technologies and create a system to support those who are passionate about growing with the industry.

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