Consultants Forum Advertise
Subscribe
Area Development Magazine Current Issue

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development

GE Transportation to Invest $231 Million in Two Projects Expected to Create 490 Jobs

10/19/2011
GE Transportation has announced it will invest $231 million in two new U.S.-based projects resulting in the creation of 490 jobs. The company plans to build a manufacturing facility in Fort Worth, TX, which will make electric drive systems for heavy-duty mining trucks, and to expand its existing locomotive and mining equipment factory in Erie, PA.

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).

Podcast

Apple Podcasts Spotify

Magazine

Past Issues
Area Development Magazine Q1 2026
Q1 2026

Receive quarterly issues of Area Development Magazine at no charge for qualified executives and consultants to industry.

Exclusive Research