GE Expands Advanced #Battery #Manufacturing Start-Up, Boosts Investment to $170 million; 450 New High-Tech #Jobs in Upstate New York
GE will invest another $70 million to double the production of a new $100 million advanced battery manufacturing plant in Schenectady, New York. At full capacity, the plant will employ 450 workers. The plant, which is already producing GE’s next-generation Durathon batteries, is the flagship of a new business called GE Energy Storage. GE Chairman and CEO Jeff Immelt expects the business to “generate more than $1 billion in revenue annually in just a few years.”
Read more at GE Reports.
Emerging markets is the place to start for the Durathon batteries, pontential abounds.
As for emerging economy, take Nigeria for instance with a teledensity increase from 400,000 phone lines in 2001 to 89.8million digital subscribers by 2010, the largest telecom market in Africa and among top ten in the world. Opportunities are available in telecommunication, banking, oil & gas where 90% of commercial establishments rely on back-up generators and all kinds of UPS to run their businesses, and surprisingly still making killer profits.
A major carrier, MTN Nigerian subsidiary had total revenue of five billion dollars in 2010, about 41% of MTN Group revenue.
In spite of a typical customer having to carry 2 to 3 cell phones at all times due to power outages at cell sites which leads to dropped calls. It’s government now emphases quality of service and regulations are drafted to monitor performance by telecom operators.
In conclusion, GE can enter this continent via Nigeria and learn new skills and competences to position this new energy source.
Hi Alex,
For information about Nigeria jobs please see http://jobs.gecareers.com/search?q=&filter=true&locale=en_US&location=nigeria
Good luck!
I was surprised when GE anounced a very large presence in Nigeria with a 10 billion dollar investment. The country is ungovernable in my opinion, as there are continual upheavals,with millions of its citizens at poverty levels even by African standards,religious segments in contentious situations etc, etc.
I hope whoever in GE did risk analysis knows what he is doing. The presence of cellphones doen not impress me. Stability of government and social justice are better measurements of a normal business climate.
Hi Costas,
For more information about GE in Nigeria please see http://files.gecompany.com/gecom/country/Nigeria/GE_Nigeria_Brochure_Final.pdf
Thanks for your comment!
hi,
When does Ge Battery plant expect to double
its production capacity with the addition of more jobs announced this past july???Applied for operator c position posted 8/21/12.Did get e-mail from
hr at GE energy storage stating it will take time
with processing applications/assessment testing,but for those of us out of work we would like to know the time frame if thats public knowledge????
thank you!
Hi Thomas,
If you receive an update from GE Energy that’s latest information. Appreciate your enthusiasm and your patience.
We’ll be sure to let you know as soon as we do!