General Electric officially opened its new China Technology Center in Zhangjiang Hi-tech Zone, Shanghai. The U.S. $64 million center is the latest facility to join GE's worldwide technology development efforts, which include the GE Global Research Center in Niskayuna, New York (1,800 employees), the John F. Welch Technology Center in Bangalore, India (1,600 employees), and the Europe Technology Center, in Munich, Germany (scheduled to open in early 2004).
The company said that the Technology Center will serve three fundamental roles: conduct advanced research and development of enabling technologies for future GE products and services; provide engineering support for GE's sourcing activities in China; and provide education for GE's employees, customers and suppliers. The China Technology Center will be pivotal to GE in achieving its objectives of $5 billion sales and $5 billion procurement in China by 2005. (AP)
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