Global coverage

摘要

In keeping with General Electric's position as one of the most diversified industrial corporations in the world, its Energy division now has prime positions in every power generation sector in the market. IPG reports. From solar to hydro; turbine and engine plant to windpower. Seasoned L industry watchers will be well aware that GE Energy's overall dominant position in equipment manufacturing and plant development has been built on the foundation of its mighty gas turbine business. Strategic acquisitions have grown the company's coverage into all generation markets. It's argument for diversification was the foresight that predicted the bursting of the US power 'bubble' circa 2002. Growing and investing in other lines of power generation had the benefit of reducing the effect of the downturn in US power industry demand. Even so, the drop in revenues from the gas turbine business has been marked. GE Energy sold 122 large frame gas turbines in 2004, down from 175 in 2003, and 323 a year before. The lowering order book in this period reflects on recent financial figures, revenues down 9 per cent to USD17.3 billion and profit down 30 per cent to USD2.8bn.