GE expands presence in fast-growing Russian energy market
Technology to help meet Russia's growing need for cogeneration
JV with Russian partners INTER RAO UES and UEC
Rybinsk facility to start producing gas turbines in Q2'2014
Rybinsk, Russia -- October 31, 2012 -- GE (NYSE: GE) and two Russian joint venture partners, INTER RAO UES and United Engine Corporation, today held a groundbreaking ceremony for the Russian Gas Turbines LLC Manufacturing Facility.
GE announced third-quarter 2012 Operating Earnings of $3.8 billion, or $0.36 per share, up 10% and 50% respectively from the third quarter of 2011.
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GE announced second-quarter 2012 Operating Earnings of $4.0 billion, or $0.38 per share, up 7% and 12% respectively from the second-quarter of 2011.
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Washington, DC - March 16, 2012 - Ron Pollett, President & CEO, GE in Russia and CIS in his testimony before the United States Senate Committee on Finance fully supported establishment of permanent normal trade relations (PNTR) with Russia.
The PNTR status has been restricted by Jackson-Vanik amendment, which significantly limits US-Russia trade growth and the application of World Trade Organization (WTO) rules between the two countries.
GE announced fourth-quarter 2011 Operating Earnings of $4.1 billion, or $0.39 per share, up 6% and 11% respectively from the fourth-quarter of 2010. Revenues were $38.0 billion for the quarter and $147.3 billion for the year. Record Infrastructure orders of $28.6 billion in the fourth quarter enabled GE to end the year with a backlog of $200 billion, the largest in its history.
GE announced third-quarter 2011 operating earnings of $3.4 billion, or $0.31 per share, up 11%, from the third quarter of 2010 (excluding effects of the preferred redemption).
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GE announced strong second-quarter 2011 operating earnings from continuing operations of $3.7 billion, up 18%, or $0.34 per share, up 17%, from the second quarter of 2010.
Please click here to read the rest of the press release, in English.
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GE announced strong first-quarter 2011 operating earnings of $3.6 billion, up 58%, or $0.33 per share, up 65%, from the first quarter of 2010.
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Moscow, Russia, April 8, 2011 - GE Healthcare, a unit of General Electric Company (NYSE: GE), SC Russian Technologies, and Meditsinskie Technologii Ltd (MTL) today presented Russia's first mass production facility for the assembly of high-tech computed tomography (CT) scanners to Prime Minister Vladimir Putin, via live video feed.
