GE Plans to Spend $500 Million on Brazil Expansion

General Electric Co. will spend $500 million to expand energy, transportation and health-care manufacturing in Brazil while adding its fifth global research center as Chief Executive Officer Jeffrey Immelt takes advantage of faster growth in emerging markets.
GE will spend $400 million in the next three years on development of wind turbines and related products, and building and expanding plant capacity for its oil and gas, health care, aviation and lighting businesses, the company said in a statement. The $100 million research center will be in Rio de Janeiro.
[Read more]
Source: Bloomberg