GE Appliances on Thursday touted wide-ranging ripple effects from shifting production from China to Kentucky as it announced more than $150 million in new contracts awarded to U.S.-based suppliers.
The supplier contracts range in value from $330,000 to $41 million, span 10 states and cover crucial segments of the supplier chain for the appliance maker’s washer and dryer production — from plastics and castings to steel and aluminum, the company said. The suppliers range in size from U.S. Steel to family-owned companies.
With the new contracts, GE Appliances said it is increasing domestic spending on suppliers by 3.3%…