NORWALK, Conn.--(BUSINESS WIRE)--Oct. 4, 2005--GE Commercial Finance today announced it has structured and arranged $440 million in senior financing to support the construction of the world's newest state-of-the-art steel mill. The funding was provided to SeverCorr LLC, a newly-formed partnership between SteelCorr, owned by steel industry veteran John Correnti, and Severstal Group.
FLORENCE, ITALY, October 4, 2005: -- One of the largest reciprocating compressors ever built will be included in the equipment that GE's oil and gas business is supplying to Huntsman Petrochemicals (U.K) Ltd. for a new facility in northeastern England.
Located at Wilton Centre in the Redcar/Cleveland region and based on technology licensed from ExxonMobil Chemical, the new facility will produce low-density polyethylene (LDPE) for use in packaging and will be the largest plant of its kind in the world.
business unit
tags
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Oct. 3, 2005--Sharp and painful increases in the cost of gasoline are prompting consumers and legislators to demand improvements in vehicle fuel efficiency, as evidenced by proposed new federal fuel economy standards for SUVs, pickups, and minivans. GE Plastics is already helping automakers improve fuel efficiency with innovative, high-performance materials that can reduce vehicle weight by replacing traditional metal, glass, and wiring systems. By extension, the consumer may benefit.
business unit
tags
DAYTON, Ohio--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE) and one of the world's leading consumer lenders, has signed a multi-year contract with cargo trailer manufacturer Wells Cargo to provide a new customer financing program.
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 14, 2005--General Electric Company Chairman and CEO Jeffrey R. Immelt today said that GE's earnings forecast for third quarter and full year 2005 remain on track:
"Hurricane Katrina has caused significant personal and public loss. We are committed to helping the people of the Gulf Coast rebuild their communities and their lives. To date, the GE Family has committed over $21 million in direct contributions and resources - and we have dedicated teams working with government and relief agencies to assist those in need."
business unit
tags
WAUKESHA, Wis.--(BUSINESS WIRE)--Oct. 21, 2005--GE Healthcare, a unit of General Electric Company (NYSE:GE), is urging all women over 40 and any "at-risk" patients to observe National Mammography Day by scheduling a mammogram.
National Mammography Day, established in 1993 by President Bill Clinton, occurs annually on the third Friday of October.
business unit
tags
STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance (GECF), the global consumer lending unit of the General Electric Company (NYSE: GE), announced today it has reached an agreement to acquire a majority interest in Keppel Bank Philippines (KBP) for US$25.8 million. The transaction, which was made through GECF's affiliate, GE Capital International Financing Corporation, is subject to regulatory approvals. Upon closing, GECF will assume operational control of the bank.
business unit
tags
STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance (GECF), the global consumer lending unit of the General Electric Company (NYSE: GE - News), announced today it has reached an agreement to acquire a majority interest in Keppel Bank Philippines (KBP) for US$25.8 million. The transaction, which was made through GECF's affiliate, GE Capital International Financing Corporation, is subject to regulatory approvals. Upon closing, GECF will assume operational control of the bank.