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Materion Corporation To Invest $80M In Pennsylvania Expansion
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Governor Wolf: Ohio-Based Advanced Materials Producer Selects Berks County, Creates 65 New Jobs
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The Golden State Innovation Act passes first policy committee
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Reshoring manufacturing a priority
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Charles R. Goulding considers financial implications of GE’s relationship with Baker Hughes and where 3D printing comes into the picture.
GE owns 37 percent of Baker Hughes (BKR), the giant international oil and gas services company. With the recent increase in oil prices (now over $50 per barrel) GE’s investment in BKR has risen to $9 billion in value. GE once owned all of BKR but has steadily been divesting its holdings.
3D Printing at BKR
The oil and gas service business is equipment-intensive and requires constant component and part replacements including pumps, valves, compressors and fasteners. BKR is the result of combining numerous oil and gas service companies over many years with a myriad of product lines.