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GE Appliances announces expansion in Louisville The Kentucky Economic Development Finance Authority had given General Electric Co. preliminary approval in September 2014 for a performance-based incentive agreement through the Kentucky Jobs Retention Act program. The agreement could provide up to $40 million in tax incentives over 10 years. CM Note: GE Appliances is a separate company from General Electric, which is in the news today for changes in their CEO. By Nicole Burton/Jack Mazurak Louisville, KY - During a news conference today in Louisville, Gov. Matt Bevin joined elected officials and Kevin Nolan, president and chief executive officer of GE Appliances, a Haier company, to announce the appliance manufacturer will create 400 new jobs with a $200 million-plus investment in its laundry and dishwasher production facilities. GE Appliances will expand its laundry manufacturing facilities, adding new topload washer and dryer platforms and increasing production capacity for existing models by about 20 percent. As well, the company plans to grow production capacity for its new plastic and stainless steel tub dishwasher models by 35 percent. Work has already begun and is scheduled to be complete at the end of 2019. "GE Appliances has long been an exemplary corporate partner for Louisville and the commonwealth," Gov. 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." "Kentucky has been a great place for GE Appliances to thrive and grow," Nolan said. "Initiatives such as Gov. Bevin's programs to promote manufacturing career opportunities and his support of tax reform efforts to help us better manage our costs are important to our business's ability to compete and create new jobs. We also welcome his voice in support of attracting foreign investment, including from China, and his support of trade policies that help us maintain access to components we need to manufacture here in Kentucky and the US." Haier Group Corp., based in Qingdao, China ranks as one of the world's largest appliance makers. It purchased GE Appliances from General Electric Co. in 2016. With the current announcement complete, Haier will have announced the creation of 1,000-plus jobs in the US and more than $400 million in major US investments across facilities in multiple states this year alone. Appliance Park in Louisville is GE Appliances' largest manufacturing facility, with more than 5 million square feet for production of washers, dryers, dishwashers and bottom-freezer refrigerators. The campus is GE Appliances' headquarters, and includes marketing, sales and support functions. Appliance Park also houses the company's technology and engineering center, industrial design, distribution center and warehouse operations. Appliance Park sits on 900 acres in southern Jefferson County and began producing appliances in 1953. With more than 6,000 full-time employees at Appliance Park a nearby call center, GE Appliances ranks as Kentucky's largest Chinese-owned enterprise and as the commonwealth's sixth-largest corporate employer overall. In 2014, GE Appliances became employer partner in the Kentucky Federation for Advanced Manufacturing Education (KY FAME), which brings together employers and local Kentucky Community and Technical Colleges to train the next generation of manufacturing technicians through an apprenticeship-style, earn-and-learn associate degree program. Haier was founded in 1984 from a single refrigerator factory in Qingdao, China. Globally, the company operates 10 R&D bases, seven industrial parks, 24 manufacturing plants, 24 trading companies and currently employs approximately 73,300. To encourage the investment and job growth in the community, The Kentucky Economic Development Finance Authority (KEDFA) had given General Electric Co. preliminary approval in September 2014 for a performance-based incentive agreement through the Kentucky Jobs Retention Act program. The agreement could provide up to $40 million in tax incentives over 10 years based on a $277 million investment and the retention of 5,263 Kentucky resident, full-time jobs. Last week KEDFA - at GE Appliances' request - transferred the incentive agreement to Haier and gave the agreement final approval. This story was posted on 2018-10-01 13:53:32
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