2009 Sales
US$4.8B
Number of Employees
~5,600
Major Locations
Melbourne, Sydney, Perth, Brisbane, Auckland.
Types of Customers
Government, utilities, mining, industrial, airlines, healthcare providers, manufacturers, retailers and consumers
GE is imagination at work. From jet engines to power generation, financial services to water processing, and medical imaging to media content, GE people worldwide are dedicated to turning imaginative ideas into leading products and services that help solve some of the world's toughest challenges.
One way GE is addressing this challenge is through ecomagination.
Ecomagination is GE’s business strategy to help meet customers' demand for products that improve their bottom line and reduce their impact on the environment. This will also drive growth for GE that delivers for our investors.
Ecomagination reflects GE's commitment to invest in a future that creates innovative solutions to environmental challenges.
Our ecomagination commitments for 2010 – 2015 are to:
• Double R&D to $10B
• Grow 2X of GE's growth
• Reduce GE's energy intensity by 50%
• Reduce water consumption 25%
• Inspire a competitive energy future
Another way GE is using imagination at work is through healthymagination.
Healthymagination is a new GE business strategy that responds to and reflects changing needs and emerging opportunities in healthcare.
GE will invest $6 billion in research and development to help reduce cost, increase access, and improve quality in healthcare globally between now and 2015.
GE's Business in Australia and New Zealand
GE Australia and New Zealand employs around 5,600 people and operates through four business segments servicing an array of diverse markets and customers.
GE Technology Infrastructure is made up of our Aviation, Healthcare, Home & Business Solutions and Transportation businesses.
Major customers of GE Aviation include Qantas, Air New Zealand and Virgin Blue. Every 2 seconds, a GE or CFM*-powered airplane is taking off somewhere in the world (*CFM International is a 50/50 joint venture with Snecma) At any given moment, more than 2,200 of these aircraft are in-flight, carrying between 50 and 300 passengers. That's more than 300,000 people ... right now ... who are depending on our engines.
Our Healthcare business employs 430 people and our anaesthetic equipment is used in 80% of all surgeries. GE developed the hot cathode, high vacuum x-ray tube which provided better control and output than the cold aluminum cathode. This development greatly facilitated the use of x-rays for diagnosis and treatment.
GE Energy is made up of Power and Water, Oil & Gas and Energy Services and employs 520 people. GE Power and Water offer water treatment systems that purify 70 million litres of wastewater per day for safe discharge in the Great Barrier Reef. Our Energy Services business is providing systems to employ “smart grid” technology for more efficient transmission and distribution. GE's wind turbines prevent as much as 18.3 million tonnes of greenhouse gases annually, an amount roughly equal to keeping over three million cars off the road.
GE Capital is the largest GE business in Australia & New Zealand, employing more than 4,000 people. We offer a range of consumer finance products to over 3.1 million customers, and create finance solutions for businesses that help them reach their full potential.
NBC Universal is GE’s media arm, which operates locally through CNBC, broadcasting relevant business news 24 hours a day, 7 days a week, as well as the marketing and distribution of Universal release films and DVDs.
GE has a long and proud history of growth and investment in Australia and New Zealand. In fact, GE's involvement in Australia dates back to 1902 when we installed one of the electric motors in Sydney to open the Pyrmont Bridge over Darling Harbour.
Many of the things we use and see today have a connection to GE's products and services in Australia and New Zealand. Some of the more obvious and recognisable things include the CT scanners and ultrasound equipment in surgeries and hospitals or the aircraft engines on the planes you fly.
Our lighting business, on which the company made its name, continues to innovate and improve the technology by developing and introducing more energy efficient lighting for our homes and businesses and the largest provider of LED signage outside of the US.
And, one in three Australian and New Zealand households is a GE customer through our consumer financing business in GE Capital, where we provide GE Money Direct personal loans, credit cards and retail financing for partners including Myer and Harvey Norman.