General Electric Corp. announced Thursday a new agreement with Wal-Mart Stores Inc. to put a line of U.S.-made energy-efficient light bulbs on the shelves of 3,400 Walmart stores by next summer.
GE announced the deal the same day Wal-Mart began a summit of retailers, suppliers and government officials in order to build on its commitment to drive more manufacturing in the U.S. The conglomerate also said it will invest $30 million and add more than 150 jobs to expanding its domestic manufacturing operations "to meet growing consumer demand for GE Energy-Efficient Soft White light bulbs."
From the GE news release:
“Today marks another significant milestone in Walmart’s valued relationship with GE and our effort to grow U.S. manufacturing,” says Bill Simon, Walmart U.S. President and CEO. “Earlier this year, we committed to buying an additional $50 billion in U.S.-made products over the next decade. Our collaboration with GE brings real progress that benefits our customers and associates alike.”
- Wal-Mart Cheered, Jeered for Solar Power Efforts
- State of the South Report Cites Innovation Hub as Key to Arkansas Growth
- THV 11 News: Vilonia Business Reopens After Tornado
- Whataburger Chain To Break Ground on First of Five Possible Locations in NWA 3 days ago
- Tom Cotton and Me (Gwen Moritz Editor's Note) 3 days ago
- One Bank Takes Claims Against David Crews to Federal Bankruptcy Court 3 days ago
- Top College Officials See Sizable Pay Raises 3 days ago
- Thomas Longe Appointed to Home BancShares Board of Directors 1 day ago