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In 2022, the company made a $70 million investment to build gas water heaters in Camden, South Carolina. [30] In March 2023, GE Appliances co-founded the Home Connectivity Alliance to support interoperability among various smart home devices. [31] In October 2023, GE Appliances opened CoCREATE, a new facility in Stamford, Connecticut.
Waynesboro and the surrounding area experienced a major building boom in 1955 as over 140 GE families began relocating to work in the new facility. The old apple orchard west of the city, principally the Cortland Street area, rapidly filled with new homes. Similarly, Club Court became another haven for new arrivals.
Also in 2007, GE Oil & Gas acquired Vetco Gray for $1.9 billion, [73] [74] followed by the acquisition of Hydril Pressure & Control in 2008 for $1.1 billion. [75] [76] GE Plastics was sold in 2008 to SABIC (Saudi Arabia Basic Industries Corporation). In May 2008, GE announced it was exploring options for divesting the bulk of its consumer and ...
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