GENERAL ELECTRIC (GE) JOINS U.S.-UKRAINE BUSINESS COUNCIL (USUBC)
One of the largest multinational conglomerate corporations in the world U.S.-Ukraine Business Council (USUBC),
Wash, D.C., Wed, July 12, 2017
WASHINGTON, D.C. – General Electric (GE) has joined the U.S.-Ukraine Business Council (USUBC), www.USUBC.org The announcement was made today by the USUBC executive committee on behalf of the 200 companies and organizations who are members of USUBC.
General Electric (GE) is an American multinational conglomerate corporation incorporated in New York and headquartered in Boston, Massachusetts. GE operates through the following segments: Aviation, Current, Digital, Energy Connections, Global Research, Healthcare, Lighting, Oil and Gas, Power, Renewable Energy, Transportation, and Capital which cater to the needs of Financial services, Medical devices, Life Sciences, Pharmaceutical, Automotive, Software Development and Engineering industries.
GE is a high-technology industrial leader, with strong global franchises that use its strength in technology, brand, globalization and services to collectively generate consistent growth, high margins and high returns.
GE imagines things others don't, builds things others can't and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world.
The company describes itself as composed of a number of primary business units or "businesses." Each unit is itself a vast enterprise, many of which would, even as a standalone company, rank in the Fortune 500.
The list of GE businesses varies over time as the result of acquisitions, divestitures and reorganizations. GE produces all kinds of home appliances, locomotives, medical equipment, power stations, turbines, engines, mining infrastructure units, oil and gas extraction equipment, software, industrial and financial solutions and much more.
In 2005, GE launched its "Ecomagination" initiative in an attempt to position itself as a "green" company. GE is one of the biggest players in the wind power industry, and is developing environment-friendly products such as hybrid locomotives, desalination and water reuse solutions, and photovoltaic cells. The company "plans to build the largest solar-panel-making factory in the U.S.," and has set goals for its subsidiaries to lower their greenhouse gas emissions.
OPERATIONS IN UKRAINE:
GE Transportation has been working in Ukraine and is interested in investing more in Ukraine’s infrastructure, including the modernization of rolling stock of Ukrainian railways. In 2016 General Electric (GE) signed a memorandum on cooperation with Ukrainian state-owned companies Antonov aircraft manufacturer and Ukrzaliznytsia railways.
GE AND U.S.-UKRAINE BUSINESS COUNCIL (USUBC)
USUBC works closely with Slava Feklin, Country Manager, Ukraine and with Danny O’Brien, Executive, Global Government Affairs & Policy, GE Transportation in Washington D.C. “We are very optimistic about the huge potential of GE operations in Ukraine and see great opportunities for Ukraine’s infrastructure modernization using the experience and technology that GE can bring to the country."
"USUBC has been encouraging Ukrainian Railways and the Ministry of Infrastructure to open their monopolitic government owned structures to important and productive business arrangements with U.S. companies. The state corporations and their Ukrainian suppliers has been very tightly closed and controlled system in the past," said Morgan Williams, President of USUBC.
NOTE: FOR MORE INFORMATION PLEASE VISIT THE WEBSITE: http://www.ge.com/
NEWS: For the latest news about Ukraine go to the KYIV POST website: www.KyivPost.com.
The Kyiv Post of the ISTIL Group is a member of the U.S.-Ukraine Business Council (USUBC).
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