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In 2018, the company announced a $200 million investment in its laundry and dishwasher product facilities. In 2023, Appliance Park marked 70 years of manufacturing by hosting state and local leaders to announce the completion of a $450 million investment, unveiling new assembly lines in its dishwasher plant. [18]
A dishwasher containing clean dishes. A dishwasher is a machine that is used to clean dishware, cookware, and cutlery automatically. Unlike manual dishwashing, which relies on physical scrubbing to remove soiling, the mechanical dishwasher cleans by spraying hot water, typically between 45 and 75 °C (110 and 170 °F), at the dishes, with lower temperatures of water used for delicate items.
In the 1990s, the appliance industry was very consolidated, with over 90% of the products being sold by just five companies. For example, in 1991, dishwasher manufacturing market share was split between General Electric with 40% market share, Whirlpool with 31%, Electrolux with 20%, Maytag with 7% and Thermador with just 2%. [8]
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GE Money buys Superbank's $500 million lending portfolio [18] 2007 GE Consumer & Industrial acquires Microwave Data Systems for US$600 million 2007 GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 GE Oil & Gas acquires Vetco Gray for US$1.9 billion. [19] [20] 2007 GE Plastics is sold to SABIC for US$11.6 billion. [21] 2008
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