GE Appliances to Spend $3 Billion on U.S. Expansion

GE Appliances which operates under Haier China ownership plans to spend more than $3 billion throughout five years to increase its domestic manufacturing operations because of favorable tariff policies for home-based production.

The company announced plans to spend $3 billion during five years to establish 1,000 positions across five states while expanding its air conditioning and water heating product lines and improving plant operations through automation and new equipment installations.

Since Haier acquired GE Appliances in 2016 the company has invested significantly and its total U.S. spending will reach $6.5 billion after executing the new plan.

The Trump administration’s initiative to encourage multinational firms to relocate their production to the United States has motivated Apple and Ford to follow suit. Carrier Global revealed a $1 billion domestic investment strategy that will span five years during the current year.

The company plans to enhance its supply chain stability through this expansion while addressing growing customer requirements. The company produces refrigerators and dishwashers and ovens and laundry machines under its GE and Café and Monogram brand names.