🇺🇸🇨🇳 General Electric Appliances announces $490 million US investment plan to relocate manufacturing from China to Kentucky.

General Electric Appliances is investing $490 million to relocate manufacturing of over 15 models of front-load washers and a combo washer-dryer from China to its Appliance Park complex in Louisville, Kentucky. This move will:

Approximately 800 new jobs will be added, boosting employment in the region

The laundry production area at the Louisville complex will increase to the equivalent of 33 football fields

GE Appliances will become the largest US manufacturer of washing machines, enhancing the company's domestic production capacity

This investment reflects a significant reshoring effort, marking a positive trend for the US economy. The relocation will likely have a substantial impact on the local economy in Kentucky and contribute to the growth of the US appliance manufacturing industry.#BinanceAlphaAlert $ETH