AMSTERDAM, THE NETHERLANDS -- June 5, 2006 :- GE's Oil & Gas business will upgrade gas turbines and compressors at the Asab Gas Development (AGD) gas re-injection plant in Abu Dhabi to increase the processing and production capabilities of the facility, which is owned by Abu Dhabi National Oil Company (ADNOC) and managed and operated by Abu Dhabi Gas Industries Ltd. (GASCO).
Project Will Create World's Largest Refinery Complex
AMSTERDAM, THE NETHERLANDS -- June 5, 2006 :- GE's Oil & Gas business will be among the suppliers of compression technology to Reliance Petroleum Ltd. (RPL) for a project in Jamnagar, India that will result in the world's largest refinery complex at a single location.
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CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--June 2, 2006--Industry-leading companies joined GE Fanuc Automation, Inc, a unit of GE Industrial, at its second annual GE Fanuc Discover 2006 Users Conference, May 31 - June 2, 2006 in Orlando, Florida. Seven customers were honored at the event with the Automation Discovery Awards, symbols of GE's corporate philosophy, "imagination at work."
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New York, NY and Stamford, CT. -- June 2, 2006 - Credit Suisse and GE (NYSE: GE) announced today that they intend to form a US$1 billion joint venture to invest in global infrastructure assets. The joint venture, which Credit Suisse plans to form with GE Infrastructure, intends to invest in energy and transportation infrastructure assets worldwide. Each party plans to commit US$500 million to the joint venture.
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REXDALE, ON--(BUSINESS WIRE)--June 2, 2006--GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE), joined the Hon. Laurel Broten, Minister of the Environment, in honouring Unilever Canada with a 2006 global ecomagination Leadership Award today. Unilever Canada received the award in recognition of their significant environmental and operational savings, which resulted in nearly 13 million gallons of water saved; an eight percent reduction of natural gas use; and an operational savings of USD $300,000.
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TREVOSE, Pa.--(BUSINESS WIRE)--June 1, 2006--GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE), today announced its completion of the ZENON Environmental Inc. (TSX:ZEN and ZEN.A; OTC:ZNEVF and ZNEAF) acquisition. GE purchased ZENON, a global leader in advanced membranes for water purification, wastewater treatment and water reuse, in an all cash transaction valuing ZENON at approximately US $689 million or Cdn $763 million.
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ST. PAUL, Minn. & BEDFORD, N.H.--(BUSINESS WIRE)--May 31, 2006--GE Consumer Finance's Retail Sales Finance unit and Segway Inc. today announced a new multi-year relationship to provide revolving financing on the purchase of Segway(R) Human Transporters (HTs) and accessories under GE's FUNancing Card program. The program is available as of June 1, 2006 at any participating Segway Authorized Dealer in the U.S.