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GE to invest $200m in new centre that will create 500 jobs- The 16th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
3/16/2015 sheet metal expo |
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GE is investing $200m in a new multimodal manufacturing, engineering, services and training center in Egypt.The new multi-modal manufacturing and training facility in Suez will serve Egypt and the region in industries including power generation, renewables, water, oil and gas, aviation and rail transportation.
Claimed to be the first facility of its kind in the region, the centre will be built on the concept of flexibility, allowing for the manufacturing of a diverse set of products. According to GE, it will work on the principle of a ¡®Shared Centre of Excellence¡¯ on process, capability and human capital aimed at driving economies of scale.
It will create approximately 500 jobs for skilled Egyptian professionals in the next three to five years.The centre will provide extensive and hands-on technical, operational and leadership training programs for Egyptian professionals as well as extend advisory support to the participants who go on to build SMEs that add to the Egyptian supply chain.
In addition, the manufacturing, engineering and services will focus on promoting localized innovation and developing customized solutions to drive higher productivity and efficiencies across all industry touch points ¨C from power plants to hospitals.
Announcing the details of the new initiative that builds on GE¡¯s 40 years of presence in the country on the sidelines of the Egypt Economic Development Conference, GE¡¯s Chairman & CEO Jeffrey Immelt said: ¡°The new multimodal facility will deliver strong economic and social value to the country by supporting key high-growth industry sectors and SMEs in the Egyptian supply chain.
By training the new generation of professionals and focusing on localized innovation, we are creating a talent pool who can provide customized engineering solutions. This is another example of GE¡¯s focus on bringing technologies and knowledge where it matters most.¡±
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The 16th China£¨Guangzhou£©Int¡¯l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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