GROWING CONSUMER DEMAND FOR GE APPLIANCES’ PRODUCTS DRIVES $200 MILLION INVESTMENT IN KENTUCKY, CREATING 400 NEW U.S. JOBS
LOUISVILLE, Ky.–October 1, 2018–GE Appliances (GEA), a Haier company, announced today two major investments totaling more than $200 million to expand its dishwasher and laundry manufacturing facilities and add 400 new jobs in Louisville, Ky.
Throughout this year and next, GEA will invest in Appliance Park, its largest manufacturing facility and headquarters location in Louisville.
Plans include:
- investment in its laundry production facility to add an industry-leading new topload washer, completely new dryer platform and additional production capacity for existing models. The laundry production expansion will increase manufacturing capacity by approximately 20 percent.
- investment in dishwasher production to expand the plant’s production capabilities by 35 percent for new plastic and stainless-steel tub models.
“The investments we are making today continue our mission of creating product and production supersites where we can more efficiently channel our innovation and manufacturing expertise by product line,” said Kevin Nolan, president and chief executive officer for GE Appliances. “This will greatly accelerate our ability to provide innovative new products that will delight consumers, expand our workforce and enhance our leadership in the major appliance industry.”
GE Appliances is a major part of the Louisville community. Its operations generate an annual Kentucky economic impact of $4.6 billion annually. The more than 6,000 GEA employees earn more than $515 million in salaries and benefits. The combined impact of operations, employee compensation and today’s announced $200 million investment will result in creation of an additional 13,500 jobs in the Commonwealth. Over the next five years, Appliance Park is expected to increase its already substantial economic impact by an additional $18 billion.
“GE Appliances has long been an exemplary corporate partner for Louisville and the Commonwealth,” Governor Matt Bevin said. “This iconic company has employed many thousands of Kentuckians for generations, and we are grateful for their most recent investment in the Bluegrass State. As GE Appliances continues to adapt to a changing marketplace, we are confident that they will remain a perfect fit right here in Kentucky—America’s center for engineering and manufacturing excellence.”
Investing for Growth in the U.S.
Earlier this year, GE Appliances announced a series of investments in its U.S. operations totaling $275 million and creating more than 650 new jobs. The investments help position the business for growth and advance the innovative products and technologies available to consumers. The previous announcements include expansions at plants in Selmer, Tenn., and Decatur, Ala., and four new distribution facilities across the company’s vast distribution network.
About GE Appliances
GE Appliances, a Haier company, creates “good things, for life” through our passion for great appliances and the happiness they can bring to every household. With the Monogram®, Café™, GE Profile™, GE®, Haier®and Hotpoint®brands, owners have more choices for making their kitchens and homes amazing each day. Our products include refrigerators, freezers, cooking products, dishwashers, washers, dryers, air conditioners and water filtration systems. For more information, visit www.geappliances.com/our-company.
