GE Transportation to Invest $231 Million in Two Projects Expected to Create 490 Jobs
Specifically, GE Transportation will spend $95 million on the new 236,000-sq.-ft. Fort Worth plant and add 130 manufacturing jobs there by mid-2012. In Erie, the company will invest $136 million and hire 360 new workers.
GE Transportation has seen strong global demand for its heavy mining equipment in 2011. It reported $2.1 billion in revenues for the first half of this year (up 45 percent), and profits at $335 million (up 135 percent).
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