General Electric Company (GE).
Since Thomas Edison founded General Electric Company, GE has grown into an outstanding multinational company in the midst of its diversification. Today, the company operates in more than 100 countries around the world and employs 315,000 people.
In October 2016, General Electric Company ranked 10th in the 2016 Global 100 Most Valuable Brands. General Electric Company of America announced on June 1, 2017, the opening of its first Smart Manufacturing Technology Center outside the United States, serving multiple business units, in the Tianjin Airport Economic Zone. ? Ranked thirteenth on the 2017 Fortune 500 U.S. list, released on June 7, 2017 ?
In June 2017, the 2017 BrandZ Top 100 Most Valuable Global Brands was released, ranking General Electric 19th.
Extended Information:
. p>History
This electrical company was formed in 1892 when Morgan Sr. financed the merger of three companies, including the Edison General Electric Company and the Thomson-Housden International Electric Company. Through two world wars, this company gained rapid growth.
After World War I, the company dominated the emerging electrotechnical sector, radio. World War II, in turn, led to a dramatic increase in General Electric's production and profitability.
General Electric, in the more than 80 years since its founding, has annexed and seized shares in many domestic and foreign enterprises in various ways; in 1939, there were only three dozen factories under domestic jurisdiction, but by 1947 the number had grown to 125, and by the end of 1976 it had 224 manufacturing plants in 35 domestic states ****.
Overseas, it gradually merged electrician enterprises in Italy, France, Germany, Belgium, Switzerland, Britain, Spain, etc. In 1972, the company's subsidiaries abroad included 33 in Europe, 10 in Canada, 24 in Latin America, 11 in Asia, 3 in Australia, and 1 in Africa. By the end of 1976, it has 113 manufacturing plants in 24 countries***, becoming a huge multinational corporation.
General Electric was a big industrial company controlled by the Morgan consortium. It has been in business for decades, grabbing huge profits, with strong assets and a huge size, ranking ninth among large U.S. companies in both 1976 and 1977.
According to the statistics of the U.S. "Happiness" magazine on May 8, 1978, the total assets of the U.S. General Electric Company in 1977 amounted to 13.696 billion U.S. dollars, with total sales of 17.515 billion U.S. dollars, the net profit of 1.088 billion U.S. dollars for the year, accounting for the fifth place among the major U.S. corporations, with a total workforce of 384,000 people. The company began building new plants to produce missiles and supply nuclear weapons to foreign countries in 1956.
For example, in Japan to engage in atomic energy, atomic fuel and naval torpedoes, etc. In 1976 with France to develop turboprops and engines that can be equipped with torpedo submarines or carrier rockets. Received $1.42 billion in U.S. military orders*** in 1973, the second highest of any major company.
In 2015, GE announced that it would downsize its financial business and return to being a "manufacturing-focused" industrial company, with plans to reduce its financial sector to 10 percent by 2018.
June 26, 2018, General Electric announced that it would divest its healthcare division within 12 to 18 months and sell its entire 62.5% stake in Baker Hughes Petroleum within two to three years. After the company's businesses are divested, GE will focus on its jet engine, power plant and renewable energy businesses.?
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