GE (NYSE:GE) Oil & Gas announced today plans to invest more than $50
million in a new advanced manufacturing facility located in
Jacksonville, Florida. The new facility will manufacture GE’s Mooney
regulators and Becker control valves for the energy industry, among
other oil and gas industry products. The facility is expected to open in
November 2014 and will create at least 500 jobs over the next three
years.
“The new GE Oil & Gas facility in Jacksonville will bring at least 500
jobs, giving even more Florida families the opportunity to live the
American Dream,” said Florida Gov. Rick Scott. “Last year we eliminated
the sales tax on manufacturing equipment in order to build up
manufacturing in our state, and now businesses like GE Oil & Gas can
save money and be more competitive. Florida businesses have already
created more than 640,000 private-sector jobs since December 2010, so
let's keep working to provide even more opportunities for Florida
families.”
GE chose to open a facility in Jacksonville to help meet the growing
demand of its industrial technology solutions worldwide. The new
facility will incorporate advanced manufacturing processing technologies
to foster the innovation of oil and gas products. By optimizing the way
products are made, GE Oil & Gas will be able to design, test and bring
products to market faster for its customers with the upmost focus on
quality and safety.
“We see advanced manufacturing as the next chapter in the Industrial
Revolution. The new Jacksonville facility will use advanced
manufacturing practices to fuel the future with new technologies that
meet our customers’ needs faster, while bringing new job opportunities
to Jacksonville,” said Chuck Nugent, vice president of manufacturing, GE
Oil & Gas. “GE thanks Governor Scott, Mayor Brown and the economic
development team for their hard work and their continued partnership,
which made today possible.”
Local, city, state and federal officials joined Governor Scott,
Jacksonville Mayor Alvin Brown and GE for the announcement on Friday,
September 26, at the Jacksonville Chamber of Commerce.
“We’re excited that GE Oil & Gas has selected Jacksonville as the site
for a major advanced manufacturing facility,” said Mayor Brown. “GE is a
world-class company and a global leader in innovative manufacturing. We
know GE will benefit from Jacksonville’s positive business climate,
skilled workforce and position as a global transportation and logistics
hub. In turn, the company will bring a wealth of opportunity to our
local community.”
Learn more about job opportunities at GE Oil & Gas Jacksonville here.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
About GE Oil & Gas
GE Oil & Gas works on the things that matter in the oil and gas
industry. In collaboration with our customers, we push the boundaries of
technology to bring energy to the world. From extraction to
transportation to end use, we address today's toughest challenges in
order to fuel the future.
Copyright Business Wire 2014