GE Starting New Refrigerator Line In Louisville - NewsChannel5.com | Nashville News, Weather & Sports

GE Starting New Refrigerator Line In Louisville

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LOUISVILLE, Ky. (AP) -- General Electric will start by the end of the month making three models of bottom freezer refrigerators in Louisville.

CEO and Chairman Jeffrey Immelt said Tuesday during a visit the new assembly line will employ 600 people making $13.03 an hour to make the French door refrigerator.

Immelt told The Courier-Journal the company wants to expand its market share to around 25 percent with the $250 million investment.

One shift will be started by the end of the month making the refrigerators, which will sell for $1,699 to $2,999, and a second shift is to soon follow.

The announcement is the latest in a series of new products and an $800 million overhaul of the Louisville factory complex.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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