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GE To Invest US$500 million To Expand Brazil Operations

Posted on November 10, 2010

GE plans to invest US$500 million (€365.2 million) to expand its operations in Brazil and to accelerate technology partnerships with Brazilian companies spanning multiple industries.

Part of that investment includes GE’s US$100 million (€73 million) Brazil Global Research and Development Center, which will be located on the Ilha do Bom Jesus peninsula in Rio de Janeiro, Brazil.

When fully operational, it will employ 200 researchers and engineers, with their work focusing on advanced technologies for the oil and gas, renewable energy, mining, rail and aviation industries.

Other investments in the area include US$200 million (€146.1 million) for new wind turbine and aeroderivative product developments and increased plant capacity for GE’s Energy and Oil and Gas business; capacity expansions and new production facilities for other GE businesses; US$50 million (€36.5 million) for training and development and the creation of a global learning center; and the creation of 1000 new GE jobs.

For more information: www.ge.com

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