GE Plastics Shanghai Co., Ltd. starts construction
Shanghai December 16, 1999 - A plastic synthesis plant invested by General Electric Company (GE) Plastics Group in Shanghai - GE Plastics Shanghai Co., Ltd. The company officially started construction today. The on-site groundbreaking ceremony was held in Pudong Waigaoqiao Free Trade Zone.
GE Plastics is a leader in the global plastics industry. The purpose of building the factory in Pudong is to better meet the rapidly growing demand for high-quality engineering plastics in the Chinese market. After completion, the plant will produce all series of GE Plastics products, including Lexana, Cycoloya, Noryla, Cycolaca and Valoxa resins, with an annual output of more than 30,000 tons.
"This investment project further demonstrates our commitment to China's rapidly growing market," said Mr. Steve Schneider, President of GE Plastics Greater China. "This compounding plant, along with our existing plastics compounding plant in Nansha, Guangdong, will enhance our ability to meet the needs of local customers with the highest quality products and best service."
Produced by GE Plastics Shanghai Co., Ltd. The products will be widely used in computer, communications, electrical appliances and automobile industries. There is strong demand in China and global markets.
"GE Plastics Shanghai Co., Ltd. is an important part of our strategy to provide customers with better services through local service centers," said Mr. Steve Schneider. "We are bringing the successful experience of Nansha Investment to Shanghai to improve quality, delivery time and overall response speed."
In order to meet customer needs as quickly as possible, the project will be completed as quickly as possible Completed within one year.
GE Plastics is a global producer of high-performance materials, including engineering thermoplastics, thermoplastic sheet and film, silicone products, specialty chemicals, circuit boards and artificial diamonds. In 1998, GE Plastics' revenue reached US$6.7 billion.
General Electric Company, founded by the great inventor Edison, is the world's largest diversified company and is committed to being a global leader in all areas of its operations. Currently, GE's investment in China is growing rapidly and has exceeded US$1.5 billion.
General Electric Company (GE) is the world's largest diversified services company and a provider of high-quality, high-tech industrial and consumer products. From aircraft engines and power generation equipment to financial services, from medical imaging, television programs to plastics, GE is committed to creating a better life through a variety of technologies and services. GE operates in more than 100 countries around the world and employs nearly 300,000 people worldwide. Mr. Jeff Immelt succeeded Jack Welch as Chairman and CEO of GE on September 7, 2001.
GE traces its roots to Thomas Edison, who founded the Edison Electric Light Company in 1878. In 1892, Edison General Electric Company and Thomson-Houston Electric Company merged to form General Electric Company (GE). GE is the only company still on the Dow Jones Industrial Index since its inception in 1896. General Electric in China
As early as 1906, GE began to develop trade with China and was one of the most active and influential foreign companies in China at that time. In 1908, GE established its first light bulb factory in Shenyang. In 1934, GE bought Shen Chang Yang Co., Ltd. and began to provide installation and maintenance services for imported electrical equipment in China. In 1979, GE reestablished trade relations with the People's Republic of China. In 1991, the first joint venture, GE Hangwei Medical Systems Co., Ltd., was established in Beijing.
To date, all of GE's industrial products groups have launched operations in China, with more than 11,000 employees. GE has established 40 operating entities with a total investment of more than 1.5 billion US dollars. With the gradual opening of the market after China's accession to the WTO, GE's financial business is also actively seeking development opportunities in China.
In 2003, GE's sales revenue in China reached US$2.6 billion.
In addition to business investment, GE is also committed to being a good corporate citizen and actively participating in various public welfare activities, such as setting up scholarships at educational institutions in China.
In addition, GE Elfun, a volunteer organization for GE employees, has also established branches in Beijing, Shanghai, Guangzhou, Dalian and Hong Kong to actively carry out volunteer activities such as community service and environmental protection.
General Motors Corporation
General Motors Corporation (GM) is the world's largest manufacturing company. It has automobile manufacturing, sales, and warehousing management in more than 50 countries around the world. and technical service center. General Motors has more than 700,000 employees worldwide.
General Motors is divided into five major business departments, each of which is: North American Operations (GM-NAO), Delphi Automotive Systems, International Operations (GMIO), General Motors Financial Credit Corporation (GMAC) and Hughes Electronics.
North American Business Unit: Focuses on designing, manufacturing, and marketing vehicles of the following brands: Chevrolet/CEO, Pontiac, Oldsmobile, Buick, Cadillac, GMC, and Saturn.
Delphi Automotive Systems: Expertise includes chassis, interiors, lighting, electronics, energy and engine management, steering systems, thermal systems, etc.
International Business Department: designs, manufactures and sells cars of the following brands: Opel, Vauxhall, Holden, Isuzu and Saab.
GM Financial Credit Company: The company can provide a series of financial services to customers in the United States and 27 countries around the world.
Hughes Electronics Company: designs, manufactures, and markets technologically advanced electronic systems, products, and services for the global automotive electronics, communications, aerospace, defense, and other fields.
Business situation in China
Main models introduced to the Chinese market and their Chinese translations.
Cadillac; Buick; Chevrolet; Opel;
On June 12, 1997, General Motors and Shanghai Automobile Company held the founding meeting and foundation laying ceremony of Shanghai General Motors Co., Ltd. Ceremony, the project became my country's largest Sino-US joint venture project, with an investment of US$1.57 billion. The site is established in Pudong Jinqiao Export Processing Zone, with an area of ??800,000 square meters for supporting projects.
Shanghai General Motors launched the "Buick GL" sedan prototype at the end of 1997, and the finished vehicle is scheduled to roll off the assembly line at the end of 1998.
General Motors is the world's largest automobile company, with an annual industrial output value of more than 100 billion US dollars. Its logo GM is taken from the first letters of the first two words of its English name (General Motro Corporation). It was developed by William Durant on the basis of Buick Motor Company in September 1908 and was founded in Detroit, the automobile city of the United States. The current headquarters remains in Detroit.