GE plans to invest in the electrical and aeronautical industries

GE plans to invest in the electrical and aeronautical industries

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General Electric (GE) will leave the business of oil, medical equipment and machinery for locomotives, to focus on the aviation industry and power generation, so it will strengthen its investments in Mexico in these sectors, said Vladimiro de la Mora, president and CEO of the firm in the country.

The executive explained that this was a decision taken by the central corporate in the United States, and that in Mexico they find the resources to boost these businesses.

"GE will no longer be investing in these businesses, but that does not mean that these divisions will disappear, what will happen is that these units will continue invest on their side," he explained.

De la Mora stressed that in Mexico the following years are of consolidation of growth with innovation, since 2017 was a record year for the brand, because what is being seen is that innovation helps to maintain this growth.

He said that an example is the agreement signed with the National Institute of Instituto Nacional de Electricidad y Energías Limpias in Querétaro, will help to share information and experience in thermal and renewable energy projects.

"Due to the energy reform it was achieved that in the medium term about 20% of electricity generation will be through renewable means, and by 2024 this percentage will increase to 30%, said Vladimiro de la Mora.