GE local projects worth 500 million dollars

Alongside its partners, General Electric invested about 500 million dollars in Romanian business, reveals a company release. GE has been operating in Romania since 1984. In 2007, GE Real Estate and Helios-Phoenix announced the establishment of a joint-venture intended for the development in Romania of distribution storage facilities worth 175 million euro. Also in 2007, GE became the sole owner of Turbomecanica Combustor Products, by the acquisition of 50 percent of the stake held by ...

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