GE to invest $8 million in gas equipment manufacturing facility

Feb. 10, 2014

Energy giant GE is planning to invest $8 million through its GE Oil & Gas Inc. unit on the expansion of its manufacturing facility in Schertz, Texas.

Energy giant GE is planning to invest $8 million through its GE Oil & Gas Inc. unit on the expansion of its manufacturing facility in Schertz, Texas, the San Antonio Express-News reported.

The facility produces equipment that is used in the natural gas extraction. At present, the plant occupies a 400,000-square-foot warehouse but production is expected to expand after the company announced that it would employ a further 175 workers. This will bring the total staff count to 400, with an annual payroll of approximately $16 million, or about $40,000 per employee.

RELATED: Shell looking to sell $1 billion stake in Gulf Coast pipeline

Meanwhile, the city of Schertz will invest about $200,000 to extend a road near the facility, explained David Gwin, executive director of the Schertz Economic Development Corp. GE Oil & Gas has already started construction works on expanding the facility, while the road extension is currently in the planning stages. City officials have promised to fast-track the permitting process, the newspaper said.

With the arrival of GE Oil & Gas in Schertz last summer, the city is becoming a local energy hub. Three other major energy companies have already started operations in the area over the past three years, with the city benefiting from over half a billion dollars in capital investments, Gwin told the San Antonio Express-News. The growth in the popularity of the region is linked to energy production in the Eagle Ford Shale.

Sponsored Recommendations

Choosing The Right Partner for CHIPS Act Investments

As the U.S. looks to invest in the semiconductor research and production using CHIPS Act 2022 funding, it's important to choose the right partner.

EMWD Uses Technology to Meet Sustainability Goals

Eastern Municipal Water District pilots artificial intelligence-enabled control and machine learning to help save energy, reduce costs, and improve quality.

Protein Processing Solutions: Automation & Control

For protein processors looking to address industry challenges, improve efficiency, and stay ahead in a competitive market, Rockwell Automation offers tailored automation, control...

Automotive Manufacturing Innovation: Smart Solutions for a Connected Future

Rockwell Automation provides automation and control systems tailored for the automotive and tire industries, supporting electric vehicle production, tire production, battery production...