Haier-owned GE Appliances said it will invest more than $3 billion over the next five years to expand and modernize its U.S. manufacturing network, marking the company’s second-largest outlay to date. The initiative will upgrade 11 plants in Kentucky, Alabama, Georgia, Tennessee and South Carolina and is expected to add about 1,000 jobs. Production of refrigerators, gas ranges and water heaters currently made in China and Mexico will be transferred to U.S. facilities, building on a previously announced $490 million expansion at the firm’s Louisville, Kentucky, complex. Chief Executive Officer Kevin Nolan said the reshoring move is intended to manufacture "close to our customers" and limit exposure to import tariffs. Upon completion, GE Appliances will have invested roughly $6.5 billion in its domestic operations since 2016, underscoring a broader trend of manufacturers increasing U.S. production in response to trade policy.
Thanks to @POTUS’ leadership, companies are investing in America, which means they’re investing in YOU. BUSINESS IS BOOMING! https://t.co/kNgyk02mzT
Made in America Agenda Delivers Manufacturing Boom 💥 https://t.co/anspbx4jOH
TRUMP EFFECT: Every day another company announces billions in manufacturing investment here in America. https://t.co/op1A72kig1 https://t.co/cQxIQCipNM