In order to continue, we will have to convert it to a subscription only website beginning March 1. We hate to do it, but if we remain free, this website will cease to exist. We truly appreciate your understanding, and as always, the print edition is available free in over 300 locations throughout the Greater Columbia Metropolitan Area. Thank you!

Mike Maddock, General Manager
2007-04-20 / Business

G.E. chooses S.C. for annual meeting

By John Temple Ligon

By John Temple

Fairfield, Connecticut- based General Electric, the global manufacturing, financial services and media giant, has a major presence in Greenville. The company employs 2,600, including 1,000 engineers and researchers. GE's annual shareholders meeting is planned for Greenville on April 25, 10 am, at the Carolina First Center, Greenville's largest convention facility.

For the first quarter of 2007, GE reported net earnings of $4.5 billion on revenue of $40.2 billion. Greenville's Garlington Road plant, where GE makes heavy- duty gas turbines for electric power generation, delivered 28% profit growth, as reported in The Greenville News.

Near the end of last year, GE announced an order for 28 turbines from a Saudi Arabian power company. The order is worth more than $950 million, and the turbines are being made in Greenville for shipment to Saudi Arabia. The shipments should be complete before the end of 2008.

Altogether, the Greenville plant should ship 170 gas turbines this year, generating revenue of about $5.7 billion.

Return to top