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In 2022, the company made a $70 million investment to build gas water heaters in Camden, South Carolina. [30] In March 2023, GE Appliances co-founded the Home Connectivity Alliance to support interoperability among various smart home devices. [31] In October 2023, GE Appliances opened CoCREATE, a new facility in Stamford, Connecticut.
In 1986, Mabe entered into a joint venture with General Electric to produce appliances for the US market where GE received a 48% minority stake. By the mid-1990s, more than two-thirds of all gas ranges and refrigerators imported into the United States were designed and manufactured by Mabe, and 95% of those sold under the General Electric ...
Also in 2007, GE Oil & Gas acquired Vetco Gray for $1.9 billion, [74] [75] followed by the acquisition of Hydril Pressure & Control in 2008 for $1.1 billion. [76] [77] GE Plastics was sold in 2008 to SABIC (Saudi Arabia Basic Industries Corporation). In May 2008, GE announced it was exploring options for divesting the bulk of its consumer and ...
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