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Tuesday, 3 May 2011

GE targets Latin America for growth

The Financial Times
May 2, 2011

Revenues at General Electric’s Latin American operations surged 30 per cent in the first quarter of this year from the same period in 2010 and should continue to climb as the rapidly growing region rushes to improve its creaking infrastructure, the US industrial group has told the Financial Times.
Emerging market countries, and especially Brazil, which is preparing to host the soccer World Cup in 2014 and the Olympic Games two years later, are increasingly being seen as a strategic base for GE as it looks to slim down its financial businesses and focus more on industrial projects.  


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