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GE opens innovation center in Chengdu
By Richard Fu |
May 30, 2012, Wednesday
|
Online Edition
Online Edition
GENERAL Electric Co inaugurated an US$80 million innovation center in Chengdu today, the company's first facility worldwide purposefully designed for customer innovation.
"We believe open innovation practices, especially the customer co-creation approach embodied in CIC (China Innovation Center) Chengdu, is essential for multinational technology companies such as GE as we participate and contribute to China's future growth," Chairman and CEO Jeff Immelt said in Chengdu, capital of Sichuan Province.
The US company said it has spent more than US$80 million to build, equip and staff the new facility, which is part of a US$2 billion investment commitment it made in late 2010 to boost innovation and build partnerships in China over three years.
The Chengdu center provides a platform for Chinese customers to work better with GE engineers to develop new products and solutions in areas including shale gas exploration, energy storage, medical care as well as automation tools for the manufacturing sector.
China is believed to hold the world's largest shale gas reserves, much of which is concentrated in the mountainous western hinterland. China has yet to produce any of the unconventional fuel commercially in part because it lacks the technological knowhow.
Currently up to 3,000 scientists and engineers work for GE in China, primarily in the China technology center in Shanghai, one of GE's five global research centers. The center opened in 2000. The company said it plans another innovation center in Xi'an, capital of Shaanxi Province, over the summer with more in the pipeline.
"We believe open innovation practices, especially the customer co-creation approach embodied in CIC (China Innovation Center) Chengdu, is essential for multinational technology companies such as GE as we participate and contribute to China's future growth," Chairman and CEO Jeff Immelt said in Chengdu, capital of Sichuan Province.
The US company said it has spent more than US$80 million to build, equip and staff the new facility, which is part of a US$2 billion investment commitment it made in late 2010 to boost innovation and build partnerships in China over three years.
The Chengdu center provides a platform for Chinese customers to work better with GE engineers to develop new products and solutions in areas including shale gas exploration, energy storage, medical care as well as automation tools for the manufacturing sector.
China is believed to hold the world's largest shale gas reserves, much of which is concentrated in the mountainous western hinterland. China has yet to produce any of the unconventional fuel commercially in part because it lacks the technological knowhow.
Currently up to 3,000 scientists and engineers work for GE in China, primarily in the China technology center in Shanghai, one of GE's five global research centers. The center opened in 2000. The company said it plans another innovation center in Xi'an, capital of Shaanxi Province, over the summer with more in the pipeline.
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