Delivery of Units to Begin in 2007
ERIE, Pa. and BEIJING, China (November 1, 2005) -- General Electric today announced that it has signed a contract worth more than $450 million with theChinese Ministry of Railways (MoR). Under the agreement, GE, in an industrial cooperation with Qishuyan Locomotive and Rolling Stock Works (QLW), will supply three hundred 6,000-horsepower locomotives.
NORWALK, Conn.--(BUSINESS WIRE)--Jan. 10, 2005--GE Commercial Finance Global Media & Communications announced today that it will serve as administrative agent for a $95 million senior debt facility for Otelco Inc., a leading rural local exchange carrier (RLEC). The facility closed on December 21, 2004.
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 10, 2005--GE Commercial Finance Technology Lending, a unit of Global Media & Communications, announced that it has named Ryan Franco as senior vice president, origination. In this capacity, he will develop and originate transactions for companies within Technology Lending's marketplace, including communications, electronics, energy, hardware, information technology, logistics, semiconductors, software, and supply chain management.
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75-ton water purification system to depart Sharjah this evening on world's largest aircraft
Sharjah, January 10, 2005: Today, Assist International announces the donation by GE of a water purification system that will produce at least 432,000 gallons of potable water per day in Banda Aceh, the northern Indonesian province that was the hardest hit by the tsunami. The equipment has the potential to provide drinkable water for 110,000 Indonesians per day. GE expects the system to be functional as soon as next weekend, January 15-16.
75-ton water purification system to depart Sharjah this evening on world's largest aircraft
Sharjah, January 10, 2005: Today, Assist International announces the donation by GE of a water purification system that will produce at least 432,000 gallons of potable water per day in Banda Aceh, the northern Indonesian province that was the hardest hit by the tsunami. The equipment has the potential to provide drinkable water for 110,000 Indonesians per day. GE expects the system to be functional as soon as next weekend, January 15-16.
Sharjah, January 10, 2005: Today, Assist International announces the donation by GE of a water purification system that will produce at least 432,000 gallons of potable water per day in Banda Aceh, the northern Indonesian province that was the hardest hit by the tsunami. The equipment has the potential to provide drinkable water for 110,000 Indonesians per day. GE expects the system to be functional as soon as next weekend, January 15-16.
SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Jan. 7, 2005--Today, Assist International announces the donation by GE of a water purification system that will produce at least 432,000 gallons of potable water per day in Banda Aceh, the northern Indonesian province that was the hardest hit by the tsunami. The equipment has the potential to provide drinkable water for 110,000 Indonesians per day. GE expects the system to be functional as soon as next weekend, January 15-16.
NORWALK, Conn.--(BUSINESS WIRE)--Jan. 4, 2005--GE Commercial Finance Business Credit announced that it has arranged a $25 million revolving credit facility for Calpaco Papers, Inc. The facility and an associated $750,000 term loan were arranged by Business Credit and will be used to refinance existing debt. The transaction closed on December 17.
Based in Mira Loma, Calif., Calpaco Papers is a wholesaler and converter of fine printing paper.
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KANSAS CITY, Mo.--Jan. 4, 2005--GE Insurance Solutions recently celebrated the one-year anniversary of its Masonic Association insurance program.
Since the program's inception in January 2004, the program has provided broad insurance coverage for more than 4,200 Masonic Associations generating over $10 million in gross written premium, exceeding the company's expectations.
