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GE ANNOUNCES 5-YEAR, $400 MILLION AGREEMENT TO PROVIDE CHEVRONTEXACO WITH ELECTRICAL DISTRIBUTION EQUIPMENT
11 December 2002 - GE Industrial Systems
| GE Industrial Systems today announced a five-year master agreement to provide ChevronTexaco Corp. with GE large, energy-efficient motors, and electrical transmission and distribution equipment for ChevronTexaco facilities worldwide. The products and associated services supplied to ChevronTexaco's global facilities by GE will distribute, protect, and control electric power as well as drive critical production and refining processes. |
GE said the agreement is worth up to $80 million per year for each of the five years. The agreement will impact production at GE Industrial Systems facilities in Brazil, Canada, Mexico, Puerto Rico and the U.S. Among the products that GE will provide to ChevronTexaco in the agreement are low- and medium- voltage switchgear; power equipment centers; power transformers and energy-efficient motors. The agreement applies to all ChevronTexaco operating units. 'GE electrical products have been at the heart of the world's industrial progress for over a century,' said Lloyd G. Trotter, president and CEO of GE Industrial Systems. 'Through the company that Thomas Edison founded in 1892, GE innovations helped to safely harness the awesome power of electrical energy for progress on a global scale. Today, we're still helping to protect the people and properties using electricity to make the world a better, safer place. With this long-term agreement, we are proud to help ChevronTexaco to supply the world's energy needs safely and efficiently.'
http://www.geindustrial.com
About: GE Industrial Systems
GE Industrial Systems spans the globe as an industry leader in integrated industrial equipment, systems and services. The business brings to customers the latest technological products used to distribute, protect and control electrical power and equipment and provides innovative product and service solutions for commercial, industrial, residential and utility applications. GE Industrial Systems is comprised of a strong group of business teams including GE Power Controls, GE Digital Energy, GE Security, GE Sensing Solutions, GE Fanuc and joint ventures with Fuji, Toshiba, Hitachi, Cisco and Clipsal.GE Consumer & Industrial was created in January 2004 when GE Consumer Products merged with GE Industrial Systems. Led by President and CEO Lloyd Trotter, GE Consumer & Industrial is a $13 billion global business with 75,000 employees in more than 100 locations. With more than a century of experience inventing cutting-edge products and services, GE Consumer & Industrial strives to make life better, more convenient and more efficient for consumers, as well as commercial and industrial customers. |
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