GE General Electric company profile.
General Electric, (GE), is a diversified manufacturer organized into five segments: technology infrastructure, energy infrastructure, capital services, and home and business services. In recent technology infrastructre news, the company provided an integrated solution for 24 miles and 15 new stations of the Dallas Area Rapid Transit Green Line that was launched into service in December 2010.
GE Capital announced it has recently become administrative agent on a $150 million asset-based revolving credit facility for New Jersey based computer products distributor, ArchBrook Laguna. In 2009, 13% of the firms profit came through the Capital Services segment.
With over 300,000 employees as of 2010, the giant in the industrial materials sector and diversified industrials industry positions itself as a leader in all markets. With GE's stock price faltering over the course of several years, the company has begun to emerge as trendsetter and leader in the power infrastructure market. GE stock has become more stable.
General Electric was founded in 1892 and is headquartered in Fairfield, Connecticut. The global infrastructure, finance and media company traces its roots to Thomas Edison, who established the Edison Electric Light Company in 1878. General Electric resulted from the merger of Edison Electric and the Thomson-Houston Electric Company in 1892. General Electric is one of the original 12 companies listed on the Dow Jones Industrial Average in 1896 and still remains listed after 114 years. General Electric functions in 160 countries as of 2010 and maintains an annual research and development budget of over $6 billion.
keeping with its move towards power infrastructure and alternative energies, GE dedicated a new 45 million Renewable Energy Global Headquarters in Schenectady, N.Y. in 2009. GE’s globally installed fleet of wind turbines generates enough electricity to power an estimated 6 million U.S. homes. In early 2011, the company entered a strategic agreement with China’s Huadian Corporation for a five-year collaboration for combined heat and power distributed energy projects in China. The agreement is an example of GE’s commitment to investing in and identifying solutions to meet the energy needs of the future on a global scale.
Company Profiles In Industrials and Manufacturing Sector.