GE transfers World operations of energy to Brazil
Gazeta Mercantil - 10/22/2007
GE Energy is transferring all the power of decision of the global headquarters of its Hydro Division from the United States to Brazil. This way, it expands the GE Hydro-IESA joint-venture, existing since 1998. The setting up of the headquarters of the Division will generate nearly 300 direct jobs and other 100 indirect jobs in the regions of Araraquara and Campinas, mainly in the areas of engineering and manufacture. The company will invest US$ 140 million on its restructuring. It will implement new technologies, testing labs, and state-of-the-art equipment, in addition to entering into partnerships with Brazilian universities. From the point of view of Brazil\