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GE Appliances to spend $490 million reshoring production of washing machines from China
Chinese-owned GE Appliances said on Thursday it will spend $490 million to shift production of some washing machines to the U.S. from China as it rebalances its factory footprint amid extreme trade tensions between the world’s two largest economies.
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LG Electronics to expand commercial washer biz with U.S. laundry service firm CSC ServiceWorks - MSNAccording to Research and Markets, the U.S. commercial washing machine market was valued at US$1.43 billion in 2024 and is projected to grow at an annual rate of 5.6 percent through 2029.
According to Fortune Business Insights, the global industrial laundry machine market size is projected to reach USD 3.86 billion by 2030 from its value USD 2.68 billion in 2023, at CAGR of 5.3% ...
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