Aug 13 (Reuters) - Haier-owned GE Appliances
said on Wednesday it plans to invest more than $3 billion over
five years in its U.S. operations and workforce following the
Trump administration's tariff policies aimed at boosting
domestic manufacturing.
Global firms have been increasing their investments and
presence in the United States after President Donald Trump
pushed companies across sectors, including Apple ( AAPL ) and
Ford, to produce goods within the country and generate
jobs.
The GE Appliances investment will create 1,000 jobs in five
states and is aimed at expanding the company's air conditioning
and water heating portfolio, increasing production output and
modernizing its 11 U.S. manufacturing plants with new automation
and capital equipment, the home appliances maker said.
Earlier this year, peer Carrier Global ( CARR ) also said it
planned to invest $1 billion over five years in the U.S.
By the time the plan is complete, Louisville,
Kentucky-headquartered GE Appliances said it will have invested
$6.5 billion across its U.S. manufacturing plants and
distribution network since it was acquired by Chinese consumer
electronics major Haier from General Electric ( GE ) in 2016.
(Reporting by Aatreyee Dasgupta and Anshuman Tripathy in
Bengaluru)