|
 |
Continuous machinery health monitoring system • Condition monitoring system for machines • Portable machine monitoring instrument • Data collector and machine analyzer • Handheld vibration meter • Rotary valve position transducer • Pressure leak detector • Data acquisition module • Wind power plants • Wind-powered generators |
| Year established : |
1901 |
Business : |
Manufacturer |
 General Electric Plans to Invest $2 Billion in China
General Electric Plans to Invest $2 Billion in China
General Electric Co. plans to invest more than $2 billion in China in technology and financial service ventures and research, adding 1,000 jobs in a country Chief Executive Officer Jeffrey Immelt is targeting for growth.
General Electric Co. plans to invest more than $2 billion in China in technology and financial service ventures and research, adding 1,000 jobs in a country Chief Executive Officer Jeffrey Immelt is targeting for growth. GE intends to invest more than $1.5 billion in joint ventures with Chinese state-owned companies in “key high- technology sectors,” it said in a statement today. The Fairfield, Connecticut-based company will spend $500 million on product development and customer innovation centers through 2012, where the jobs will be added. Immelt yesterday appointed Vice Chairman John Rice to accelerate a push to bolster exports and expand partnerships in countries building infrastructure to support economic growth, such as China and India. GE expects to have $20 billion in discretionary cash by year-end partly for investment to boost sales, which missed analyst estimates in the third quarter. “China and India will lead future growth in energy demand,” Zhang Shun, a Beijing-based analyst with Ping An Securities Co., said by phone today. “They will need more roads, more power plants and more railways to meet the needs of their soaring economies, generating opportunities for equipment manufacturers and technology providers like GE.” Research Centers The company will establish six new innovation centers and named Chengdu, Shenyang and Xi’an as potential candidate locations. GE’s statement didn’t provide details of the financial and technology ventures it’s planning. “The growth in the next decade or decades that’s going to take place will be quite robust in places like China and India,” Immelt said today in Beijing. GE also announced four joint ventures in energy and transport. It will start a venture with Wuhan NARI Co., owned by China’s State Grid, to build electric transmission monitoring and diagnostic equipment. The company will make a joint acquisition with Shanghai Electric Power Co., also owned by State Grid, for a controlling stake in power-distribution parts maker Shanghai Tianling Switchgear Co. In rail, GE plans an agreement with Chengdu Locomotive & Rolling Stock Works, a company owned by China South Locomotive and Rolling Stock Corp., to form a 50-50 venture. The company is planning to start a 50-50 joint venture with the Beijing National Railway Research & Design Institute of Signal & Communication to supply signaling systems. India Growth Immelt was in China days after traveling to India where he met President Barack Obama, who was visiting the country to drum up business for U.S. companies. GE expects energy and health care to drive revenue in India to a $10 billion goal in five years, Immelt said in interview in Mumbai on Nov. 6. GE will seek to acquire companies worth about $50 million, Immelt said. GE got about $33 billion of its $157 billion in revenue last year from emerging markets, with about $6 billion from China. Sales in China should rise by at least 10 percent this year, Immelt reiterated in July. China and industrialized regions including Europe are pulling ahead of the U.S. in the race to develop clean energy, because policy makers in Washington have been caught up in debates on issues such as the effects of climate change, Immelt said in September. China may spend about 5 trillion yuan ($750 billion) in the next decade developing cleaner sources of energy, the government said in July. GE is investing $10 billion during the next five years in so-called clean-energy products and services. GE in 2003 opened a research center in Shanghai, the third of what is now four globally. Immelt has pledged to increase research and development in part to tap markets like China, and use their engineering expertise. GE shares fell 0.1 percent yesterday to $16.71 in New York. They declined 5 percent on Oct. 15, the most since May, after the company said third-quarter sales fell 5 percent to $35.9 billion, missing analyst estimates. Profit fell 18 percent to $2.06 billion.
The Power That Turns the World
More people around the world turn to us for advanced power systems and around-the-clock energy services than any other company. Since we installed our first steam turbine in 1901, our installed base of steam and heavy-duty gas turbines has grown to over 10,000 units, representing over a million Megawatts (MW) of installed capacity in more than 120 countries. With over 5,500 wind and 3,600 hydro turbines, the installed capacity of renewable energy exceeds 160,000 MW.
A Powerful Future
GE works closely with customers to achieve mutual growth and success. We work in tandem with governments and communities to manage complex international relationships and develop critical infrastructures. We also work intimately with suppliers, enabling them to become extended GE factories and platforms for accelerated globalization. Through these powerful partnerships, we create innovative products and technologies that serve the world's people
| Environmental Products End-to-End Air Quality Solutions The environmental services group has a single focus: to optimize the performance and profitability of your facility so that it achieves environmental targets with minimum cost and maximum business advantage. Drawing on a comprehensive portfolio of technology offerings and more than 100 years of power generation experience, GE is dedicated to helping you reach environmental goals while simultaneously improving performance through a unique pollution prevention approach. Unlike many solution providers who focus on controlling emissions at the stack, we are focused on optimizing the entire operation to improve efficiencies and help prevent emissions from ever being generated. Whether your project is narrow in scope or broad-based, we can help you improve the environment and your plant economics in a cost-effective manner. |
| Gasification Broad Range of Flexible Services GE is one of the world's leading providers of both gasification and power generation technologies. GE provides long-term license agreements that include the gasification process design package, process and instrumentation design review with EPC, start-up support, operator training, on-going technical support and products supply. We can tailor gasification and power block solutions to help customers meet the needs of challenging project requirements. Gasification is an efficient means of converting low value-residuals into higher value products including power, steam, hydrogen, and basic chemicals. It is a process that produces mixtures of hydrogen and carbon monoxide (synthesis gas or syngas) from carbon-based feedstocks such as coal, petroleum, coke and heavy oils. Gasification uses multiple feedstocks to produce multiple products. There are over 63 commercial sites worldwide using GE gasification technologies. |
| GE's Jenbacher Mechanical Drives Entering the Future of Mechanical Drive Gas Engines Based on 50 years' experience in the development and production of advanced gas engines for power generation, GE's Jenbacher gas engine division is now offering as a second product line gas-fueled reciprocating engines for all kinds of mechanical drive applications. Jenbacher gas engines are known for their high efficiency, low operating cost and exceptionally high reliability. The new Mechanical Drive engines offer a compact and robust design with low exhaust emissions and next-generation engine control systems. |
| Metering At Its Best GE's family of meters goes beyond meeting your complex business challenges. The advanced, powerful and easy-to-use meters give you an extra edge in the energy business. With the lines between utility, industrial and commercial metering disappearing, our meters offer solutions beyond revenue metering. You can look forward to real-time instrumentation, power quality monitoring and accessing critical information. All these add up to give you higher productivity, improved efficiency and reduced energy costs. |
| Oilfield Technology Sondex acquistion now becomes Oilfield Technology GE presents Oilfield Technology, a portfolio of leading Wireline and Drilling Measurement solutions for the oilfield services market. Oilfield Technology builds on the 30-year heritage of the Tensor, Reuter Stokes, Geolink and Sondex product lines to offer leading technical solutions supported by one of the industry’s most experienced talent pools. With manufacturing facilities in the UK and North America and a growing global network of support centers, our Oilfield Technology solutions are uniquely positioned to support the growth of oilfield service companies as they pursue new, more challenging opportunities |
| Solar Power Power From the Sun GE's solar electric power systems and products offer high quality, reliable power generation technology for residential, commercial and industrial applications. By partnering with the sun, solar energy can supply local power for on-and off-grid applications with zero noise pollution and air emissions. |
| Steam Turbines The Power of Experience & Innovation Always on the cutting edge of steam turbine technology, GE offers a wide array of technological options to meet the most challenging energy requirements. Using an integrated approach that includes parts, service, repair and project management, we deliver results that contribute to our customers' success. With over 530 GW of steam turbine capacity in more than 5,600 units installed or on order, GE is a world leader in the design, development and application of steam turbine technology. Our steam turbines can be found in fossil-fired, combined cycle, integrated gasification combined cycle, industrial, petrochemical and nuclear plants around the globe. Throughout the range of sizes and applications, our steam turbines provide high reliability, sustained high efficiency and ease of maintenance. |
| Wind Turbines Renewable Energy Solutions At GE, we know that renewable energy will be an integral part of the world energy mix throughout the 21st century. Our commitment is to help our worldwide partners and customers design and implement wind energy solutions for their unique energy needs. | |
|
Continuous On-line Monitoring Solutions
Click on the page above to view our full PDF Catalogue
|
Handheld vibration meter
Click on the page above to view our full PDF Catalogue
|
|
|