Wednesday, May 13, 2009

GE to build plant in Vietnam

ANOI (Dow Jones)--General Electric Co. (GE) Tuesday started the construction of a manufacturing plant in northern Vietnam, state media said Wednesday.

The $61-million plant, located in Haiphong City, 100 kilometers east of Hanoi, will produce components for other GE manufacturing and service facilities around the world, said Thoi Bao Kinh Te newspaper without citing a source.

The plant will also provide installation, maintenance and repair services for the components it produces.

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