Access GE Program Helps Customer Solve Business Challenge and Capitalize on Opportunities
IRVING, TX (Aug. 9, 2010) -- NACCO Materials Handling Group, Inc. (NMHG), the Cleveland-based subsidiary of NACCO Industries, Inc., is rolling out a secure online portal customized with premium information provided by GE Capital. NMHG's management team and authorized dealers will use the new portal to more effectively and efficiently research prospective customers.
GE Capital to underwrite working capital facilities on a sole lead basis
GE Capital, the financial arm of GE, has underwritten $500 million of European factoring and US ABL facilities to support the future working capital requirements of Alcan Engineered Products ("AEP"), a leading global aluminium products manufacturer. The financing supports the new joint venture company to be created by Apollo Management LP ("Apollo"), Fonds Stratégique d'Investissement's ("FSI") and AEP's current owner Rio Tinto plc.
London, 9th August 2010: GE Capital, the financial arm of GE, has underwritten $500 million of European factoring and US ABL facilities to support the future working capital requirements of Alcan Engineered Products ("AEP"), a leading global aluminium products manufacturer. The financing supports the new joint venture company to be created by Apollo Management LP ("Apollo"), Fonds Stratégique d'Investissement's ("FSI") and AEP's current owner Rio Tinto plc.
VANCOUVER, BC -- August 9, 2010 --- Plutonic Power Corporation (TSX: PCC) and GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that their Toba Montrose General Partnership ("TMGP") has commenced selling electricity to BC Hydro under an Electricity Purchase Agreement ("EPA") from power generated by the East Toba River and Montrose Creek generation facilities. TMGP has received confirmation from BC Hydro that the project has met its guaranteed commercial operations date commitment under the EPA.
Eden Prairie, Minn. -- August 3, 2010 -- GE Capital Fleet Services will host a webinar examining the use of benchmarking to monitor fleet performance, on Tuesday, August 10. The online webinar, which is part of GE's Spotlight Series, will feature Suzanne Gallagher, Director of Global Fleet and WHQ Procurement at Johnson & Johnson and Mark Smith, General Manager Strategic Consulting Services for GE Capital, Fleet Services.
Dr. Cornelia Nett steigt zum General Counsel von GE Capital in Deutschland auf
Mainz (3. August 2010) -- Dr. Cornelia Nett hat zum 1. August 2010 die Position des General Counsel für GE Capital in Deutschland übernommen. In ihrer Stellung verantwortet sie den gesamten Bereich Legal von GE Capital und berichtet direkt an Joachim Secker, Chief Executive Officer. Frau Dr. Nett übt ihre Tätigkeit am Standort Mainz aus.
EDEN PRAIRIE, Minn.--02 August 2010-- GE Capital Fleet Services today announced it identified more than $96 million in cost savings for customers in the second quarter of 2010. GE's work with customers to optimize returns on their fleet investments has resulted in identified cost savings of more than $160 million for the first half of 2010.
NORWALK, Conn.--02 August 2010-- GE Capital, Restructuring Finance today announced it is co-collateral agent in a $100 million plan of reorganization credit facility to Neenah Enterprises, Inc., one of the largest independent foundry companies in the U.S. The loan supports the company's pre-packaged exit from bankruptcy protection. GE Capital Markets served as joint lead arranger.
