New resin plant in Cartagena: GE's largest investment in Spain

Total investment of 1,700 million euros increases number of employees to over 600

01-Feb-2005

General Electric officially dedicated its new Lexan(TM) resin plant in Cartagena, Murcia, at an event hosted by Chairman and CEO Jeff Immelt. This is the third phase of the GE Advanced Materials, plastics complex and represents an investment of 600 million euros. The planned construction of a fourth phase, GE's Ultem(TM) resins plant, was also announced during the inaugural event.

The inauguration of GE's 2nd Cartagena Lexan(TM) resin plant brings its total investment in the Cartagena complex to 1,700 million euros. This represents one of the largest private investments in Spain in the last 20 years and confirms that GE is one of the biggest private investors in the Spanish economy.

The new GE plant is expected to employ more than 250 people, increasing the total number of employees in the Cartagena complex to over 600, all of whom have been trained in quality, safety, information technology, and other technical disciplines. Employees of GE's new plant will focus on the production of Lexan(TM) resin. They will also continuously collaborate with scientists at GE's Global Research Centres to help define the future technical materials needs of the GE's customers.

The new GE plant has the capacity of producing approximately 130,000 tons of Lexan(TM) resin per year.

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