GE Aerospace Chairman and CEO Larry Culp discusses the massive deal with Qatar Airways, their relationship with Boeing, how the company will navigate tariffs and more on ‘Mornings with Maria.’
GE Appliances on Thursday said it would spend $490 million to move the production of most of its washing machines from China to Kentucky.
The operation will move to the company’s massive industrial Appliance Park headquarters in Louisville, Kentucky, where it already manufactures washers and dryers. At least 800 new full-time jobs are expected to be created, the company said in a news release.
GOP LAWMAKER TOUTS $19M TRUMP TARIFF SUCCESS STORY IN HER DISTRICT: ‘NEW MODEL FOR AMERICAN MANUFACTURING’
GE Appliances office building in Burlington, Ontario, Canada. The company is investing nearly $500 million to move some operations to its Kentucky headquarters. (Getty Images / Getty Images)
“We are bringing laundry production to our global headquarters in Louisville because manufacturing in the U.S. is fundamental to our ‘zero-distance’ business strategy to make appliances as close as possible to our customers and consumers,” said GE Appliances president and CEO Kevin Nolan. “This decision is our most recent product reshoring and aligns with the current economic and policy environment.”
The investment will bring more than 15 washer models to Building 2 in Appliance Park at the company headquarters, bringing the total area of clothes care production to the equivalent of 33 football fields.
UPGRADE YOUR APPLIANCES DURING HOME DEPOT AND LOWE’S SPRING SALES
Next door in Building 1, the company produces top load washers and front load dryers.
Two white GE front-loading washing machines stand side-by-side, showcasing their modern design and digital control panels. (Getty Images / Getty Images)
“Manufacturing in Louisville puts production closer to our designers, engineers and consumers so that together we can create our most innovative laundry platforms,” said Lee Lagomarcino, vice president of clothes care at GE Appliances.
The move is expected to be completed by 2027.
Kentucky Gov. Andy Beshear praised the announcement, saying the new investment “strengthens one of our vital Kentucky assets and underscores our state’s reputation as America’s destination of choice for advanced manufacturing and job creation.”
The news came as President Donald Trump is attempting to lure companies back to the United States by imposing tariffs. He has slapped additional tariffs on China, as well as other countries. GE Appliances is a subsidiary of the Haier company, which is based in China.
Bradenton, FL, 4/9/2020: GE Appliances van is parked in a residential area. (Getty Images / Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Appliance Park employs around 8,000 workers and has plants in several other states. Over the past decade, GE Appliances has invested $3.5 billion in its U.S. manufacturing operations.
