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.)
