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Keyword: chineseownedge

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  • GE Appliances to spend $490 million reshoring production of washing machines from China

    06/26/2025 12:22:18 PM PDT · by DallasBiff · 36 replies
    Reuters ^ | 6/26/25 | Timothy Aeppel
    June 26 (Reuters) - Chinese-owned GE Appliances said on Thursday it will spend $490 million to shift production of some washing machines to the U.S. from China as it rebalances its factory footprint amid extreme trade tensions between the world’s two largest economies. The washers will be built at the company’s "Appliance Park" in Louisville, Kentucky, a sprawling complex of factories that serves as its U.S. hub. The company, a division of China’s Haier, said it will add 800 workers after U.S. production begins in early 2027. The Kentucky government will provide up to $113.5 million in tax incentives for...