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The new facility will also have back-up capacity to manufacture diesel engine components for GE Transportation. GE currently employs 350 at its manufacturing facility in Waukesha, building gas engines for compression, mechanical drive and power generation applications.
GE notified employees in Waukesha and more than 400 U.S. suppliers of its plans. In Wisconsin alone, suppliers generate almost $47 million in revenue from the plant.
GE plans to build a new $265 million “Brilliant Factory” in Canada that will optimize efficiency and streamline production using data, analytics and software. The factory is expected to be completed in 20 months and will be a flexible production facility that can expand over time and also support manufacturing requirements for other GE businesses.
GE will build its new facility in Canada in order to access additional support from the country’s export credit agency, Export Development Canada. The agency has a strong record of export financing. GE has a solid, long-standing relationship with EDC under which the company has participated in a number of global transactions.
GE fully expects to expand its relationship with EDC in support of the company’s Power & Water, Oil & Gas and Transportation businesses. In 2014, EDC facilitated exports and investments of about $100 billion CDN. The agency actively supports global expansion for manufacturers based in Canada, supporting over 7,000 customers in close to 200 countries last year.