GE Appliances to Invest Nearly $500 Million to Reshore Washer-Dryer Production in Kentucky

5Mind. The Meme Platform

The company was purchased by China-based multinational home appliance and consumer electronics manufacturer Haier in 2016.

GE Appliances, owned by the Chinese multinational home appliance and consumer electronics manufacturer Haier Group Corp., announced on June 26 that it will invest $490 million to expand its washer and dryer manufacturing plant in Kentucky, stating that the project will bring current production back to the United States from China.

The multimillion-dollar investment at the GE Appliance plant in Louisville, Kentucky, which serves as the company’s global headquarters and largest manufacturing site, will establish the company’s most advanced manufacturing plant for producing clothes washers, the company said.

The project will bring manufacturing back to the United States for several popular technology-loaded appliances, including GE Profile-branded combination washers and dryers and a front-load washer, creating 800 new, full-time jobs and strengthening Kentucky’s position as a global hub for advanced appliance manufacturing.

GE Appliances stated that the new investment, along with millions of dollars in incentives from the State of Kentucky, positions the plant to become the largest American washer manufacturer. This builds on a 10-year, $3.5 billion investment in the United States following Haier’s purchase of the company in 2016 for $5.6 billion.

“We are bringing laundry production to our global headquarters in Louisville because manufacturing in the U.S. is fundamental to our ‘zero-distance’ business strategy to make appliances as close as possible to our customers and consumers,” said Kevin Nolan, CEO of GE Appliances.

“This decision is our most recent product reshoring and aligns with the current economic and policy environment.”

Kentucky Gov. Andy Beshear said: “This new investment strengthens one of our vital Kentucky assets and underscores our state’s reputation as America’s destination of choice for advanced manufacturing and job creation.”

The reshoring initiative was announced just two weeks before President Donald Trump’s 90-day deadline for U.S. trade partners to reach agreements on reciprocal tariffs by July 9. Countries that do not have bilateral trade deals by then could face tariffs significantly higher than the current 10 percent baseline.

By Wesley Brown

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.
00:02:08

A Movie That’ll Keep You Awake: A Great Awakening

So how does someone (me) who thinks they’ve just seen the greatest movie ever (A Great Awakening), persuade you to watch it?

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:09:03

Two birthdays apart

The Bicentennial was not just a commemoration of 200 years of independence – it was a coast‑to‑coast block party of red, white and blue.
00:02:31

Is Charlie Kirk’s Assassination Looking More Like a Conspiracy?

Enough videos have been posted to the internet, plenty...

Senate Confirms Jay Clayton as Director of National Intelligence

The Senate voted on July 28 to confirm Jay Clayton, who was nominated by President Donald Trump to be the next director of national intelligence (DNI).

AI Platform XAI Sues Minnesota Attorney General Over Anti-Deepfake Law

Musk’s AI platform is challenging a Minnesota law that says companies can be held liable if users “nudify” real people by altering an existing photograph or video.

CIA Obtained Secret Information About Wuhan Lab, Fauci Diary Shows

CIA officials obtained secret information about the laboratory in Wuhan, China, that is located near where the first COVID-19 cases appeared.

Education Department Probing School Districts for Hiding Students’ Transgender Identity

The Education Department (ED) is moving to take action against two school districts that allegedly hid students’ transgender identity from parents.
00:01:42

2 Small Businesses Sue Trump Admin Over New Forced Labor Tariffs

wo small businesses have filed a lawsuit to block new tariffs imposed by the Trump administration on dozens of trading partners.

Trump Imposes Tariffs on 60 Countries Over Forced Labor

The United States will impose new tariffs ranging between rates of 10 percent and 12.5 percent on more than 60 trading partners beginning on July 24.
00:01:36

Secret Service Agent in Vance’s Detail Under Investigation Over Leaks, Spokesperson Says

The Secret Service announced that it has placed a member of VP JD Vance’s security detail on administrative leave for allegedly leaking information.
00:59:35

Trump Admin Pausing $1 Billion in Medicaid Payments to 2 States

The federal government is pausing more than $1 billion in Medicaid payments to two states, Health Secretary Robert F. Kennedy Jr. said on July 21.
spot_img

Related Articles

Popular Categories

MAGA Business Central