Let the Train Blow the Vuvuzela: GE Transportation’s U.S. Plants Land Large Locomotive Order from South Africa
GE Transportation was a great growth story last year. The unit, which manufactures high-tech locomotives, mining equipment and other heavy machinery announced more than 2,400 jobs in the U.S. in 2011. It will invest over $400 million to open new plants and upgrade facilities in Pennsylvania and Texas. It also reported $2.1 billion in revenues for the first half of 2011, up 45% over the same period a year ago, and profits at $335 million, up 135%.
Read more at GE Reports.