GE Appliances announces $450 million investment in Kentucky

GE Appliances announces 0 million investment in Kentucky

LOUISVILLE, Kentucky (AP) – GE Appliances on Thursday announced plans to create more than 1,000 jobs at its sprawling Kentucky operations as part of a $ 450 million investment to increase capacity and add new products to the Bring to market.

The Kentucky-based home appliance business did not provide details of its new product plans, but did signal that part of the investment would go into laundry, dishwasher, and refrigeration lines at its Louisville manufacturing complex known as Appliance Park.

The announcement puts the Bluegrass State on a hit streak of economic development and comes close to plans for a multi-billion dollar investment by Ford and its South Korean battery partner SK Innovation to build dual battery plants in Glendale, Kentucky, to accommodate the next generation of Powering the automaker’s electric vehicles.

The new jobs in the appliances sector are to be added by the end of 2023, GE Appliances announced in its announcement. Most will be assembly line jobs, along with some management and operations support positions, it said. The Appliance Park currently employs around 7,100 people.

“GE Appliances continues to bring manufacturing back to the United States – creating jobs and economic growth,” said Kevin Nolan, president and chief executive officer of GE Appliances.

Kentucky Governor Andy Beshear thanked the company for its continued commitment to the state.

“This substantial investment will position the company better and create quality employment opportunities for Kentuckians for years to come,” said Beshear.

The $ 450 million infusion into Appliance Park is the largest round of investments in the company’s growth strategy in recent years. In the past five years, GE Appliances has invested more than $ 1.3 billion in its manufacturing and sales activities in the United States and created more than 3,000 new jobs, most of them in Kentucky.

There are five plants in the Appliance Park that produce washing machines, dryers, dishwashers and refrigerators as well as parts and components. The company plans to upgrade its Louisville facilities as part of the new investment. GE Appliances also has manufacturing facilities in South Carolina, Alabama, Georgia, and Tennessee.

The investment builds on Appliance Park’s continued resurgence. Founded in the early 1950s, the huge Louisville operation employed about 20,000 by the late 1970s, but the workforce shrank to about 4,000 during the Great Recession.

GE Appliances, part of General Electric for decades, was acquired by China-based Haier in 2016.