GE Australia & New Zealand has today launched GE Reports, an online news publication that provides a revealing look at how GE is tackling some of the biggest challenges facing the region.
GE Reports is an editorial-style hub that allows readers to subscribe and aggregate content they're interested in across GE healthcare, aviation and transport, energy, finance and infrastructure. Visit GE Reports at www.gereports.com.au
GE Capital today announced that it had provided Pental Ltd, Australia's largest soap manufacturer and manufacturer of iconic household brands such as Sunlight, Velvet and White King, with a $15 million financing facility.
The deal will help Pental execute on its strategic business plan involving brand expansion through product innovation, new sales channel development and private label manufacturing for major retailers.
GE today announced Australian local, Nic Adams, as one of ten global Phase One finalists in its Open Innovation Jet Engine Bracket Design Quest.
GE Oil & Gas (NYSE: GE) today announced it has completed the assembly of the final group of subsea production trees for the Chevron-operated Gorgon Project, one of the world's largest natural gas projects located off the coast of Western Australia.
GE's Life Sciences will today launch their new DNA analyser technology - DNAscan™ at the 25thWorld Congress of the International Society for Forensic Genetics, hosted at the Melbourne Exhibition and Convention Centre.
About the size of a printer, it uses a process called microfluidics whereby the scanner analyses a DNA sample and provides results in less than 85 minutes.
GE's Industrial Solutions business today announced it had entered an agreement with Forge Group Ltd (ASX:FGE) to better meet the demand for engineered electrical solutions in Australia.
GE Capital today announced that it had provided QEnergy, a leading Australian electricity retailer for small to medium-sized businesses (SMEs), with a $10 million financing facility.
The facility, which will increase in line with anticipated growth in the business, will help QEnergy expand its major operations in Queensland and New South Wales into Victoria, as well as continuing to grow in South Australia and the Northern Territory.
GE announced second-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 8% and 5% respectively from the second quarter of 2012.
Please click here to read the rest of the press release, in English.
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GE has consistently supported the Renewable Energy Target (RET) of 45,000GWh by 2020 and welcomed the bipartisan support for the target.
As a supplier of more than 20,000 wind turbines around the world and a significant investor in renewable energy projects itself, GE believes a stable RET and favourable sites augured well for the future development of renewables as part of Australia's energy mix.
However, the current legislated requirement for the RET to reviewed every two years itself creates uncertainty for renewable energy project developers, investors and suppliers.
