GE Reports » Technology Infrastructure http://www.gereports.com Your source for what's happening at GE. Tue, 07 Feb 2012 18:07:30 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 GE and Nigeria ink landmark infrastructure agreement http://www.gereports.com/ge-and-nigeria-ink-landmark-infrastructure-agreement/ http://www.gereports.com/ge-and-nigeria-ink-landmark-infrastructure-agreement/#comments Tue, 26 May 2009 17:59:43 +0000 GEreporter http://www.gereports.com/?p=2765 GE and the government of Nigeria today signed an agreement that may soon pave the way for a host of new collaborative projects in areas such as railway infrastructure development, oil and gas processing, electric power generation, water treatment, healthcare, aviation and integrated safety and security systems.GE and the government of Nigeria today signed an agreement that may soon pave the way for a host of new collaborative projects in areas such as railway infrastructure development, oil and gas processing, electric power generation, water treatment, healthcare, aviation and integrated safety and security systems.


Let’s make a deal: Nigeria’s President Umaru Yar’Adua welcomes GE Vice Chairman John Rice to the Presidential Villa, Abuja, today during the signing of a country-to-company agreement aimed at promoting collaboration between GE and Nigerian public and private sector organizations.

In addition to strengthening Nigeria’s existing commercial relationship with GE, the agreement envisions the establishment of an investment framework that will help position Nigeria as a regional export center for GE’s infrastructure technologies. In 2008, GE’s revenues in Africa were $3.5 billion, an increase of almost 40% over 2007.

GE has had a long-standing presence in Nigeria in transportation, energy, aviation, healthcare and oil & gas, among other sectors. For example, GE Aviation has sold about 95 engines with a list value of $1 billion in Nigeria since 2006. Of the more than 200 GE gas turbines currently installed in Africa, Nigeria is home to more than half. Earlier this month, GE Transportation signed a letter of intent with Nigerian officials to deliver 25 new locomotives in 2010 for freight and passenger transport.

]]> http://www.gereports.com/ge-and-nigeria-ink-landmark-infrastructure-agreement/feed/ 0 Seizing opportunities in technology and infrastructure http://www.gereports.com/seizing-opportunities-in-technology-and-infrastructure/ http://www.gereports.com/seizing-opportunities-in-technology-and-infrastructure/#comments Tue, 24 Feb 2009 23:19:40 +0000 GEreporter http://www.gereports.com/?p=1873 GE Vice Chairman & Technology Infrastructure CEO John Rice spoke today at the Reuters Manufacturing Summit in Chicago about a wide range of topics including GE’s infrastructure performance; the economy and the US stimulus package; GE’s share price and dividend; services & backlog and GE’s global growth.
GE Vice Chairman & Technology Infrastructure CEO John Rice spoke today at the Reuters Manufacturing Summit in Chicago about a wide range of topics including GE’s infrastructure performance; the economy and the US stimulus package; GE’s share price and dividend; services & backlog and GE’s global growth.

“We’re going to maintain our commitment to investing in technology,” John said, “because we have a set of businesses … aircraft engines, locomotives and energy that are technical platforms that have been built over decades. You don’t stop and start investing in those. We didn’t slow down in the mid-90s. We didn’t slowdown the investment in the GEnx engine for the 787 after 9-11. This is what you do when you’ve been around for 130 years and we’re going to continue to do that.”

Listen to his opening comments:

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* Visit the Reuters Manufacturing Summit blog to see related coverage and audio broadcasts

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