by Lance Turner
Posted 8/22/2013 02:07 pm
Updated 11 months ago
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.”