GE’s CEO said Tuesday that the company has begun work on building a new manufacturing facility in the United States, the latest sign of progress made toward making GE’s technology more cost-effective.
“It’s a very important step in our efforts to build more manufacturing capacity here in the US,” Jeff Immelt said on a conference call.
“We have been very encouraged by the growth in manufacturing capacity in the past two years and we expect that to continue in the coming years.”
Immelt added that the new facility will be a “great investment” in GE’s efforts to improve the quality of its products.
“I am hopeful that our efforts in building this new manufacturing capacity will yield a positive return on the investment,” he said.
“I am excited to see what this facility will produce and what it will bring to our employees, the people who work there, and the millions of Americans who rely on our products every day.”
Immels comments were made on the heels of GE announcing a deal with the aerospace company Lockheed Martin to manufacture the company’s X-37B space plane.
Immelt also said that the cost of manufacturing a GE product is “extremely expensive,” adding that he is “not surprised” by the company announcing the deal.
Last year, GE announced a deal to build a new plant in the state of Michigan to support its efforts to make more efficient and energy-efficient products.
In December, the company announced a $3.6 billion investment in a new facility in Michigan that will eventually become a “large manufacturing facility.”