Boston, MA 06/03/2014 (wallstreetpr) – General Electric Company (NYSE:GE) is expecting for better numbers coming from Latin America. It expects the revenue to rise by 10% to 15% annually in Latin America in the next few years. The expectations are high. The company is eyeing orders of more than $10 billion in the coming year. The entire pack of $10 billion order is expected to come from Latin America. The people of Latin America are looking for improved infrastructure and better facilities.
The rise in revenues
General Electric Company (NYSE:GE) sees the revenue growing in Latin America. The demand will increase as the people seek for better services. The demand is seen rising on both the fronts commercial as well as personal. If the region grows, it will lead to increased demand for industrial services. There will be a greater need for power generation and other resources including water and oil. The Brazilian economy is slowing but growth is seen in the other places including Chile, Argentina, Colombia and Peru. The operations will not be limited to Brazil and Mexico.
The focus shifting on roots
General Electric Company (NYSE:GE) CEO Jeffrey Immelt wants to shift the focus back on the industrial roots of the company. It is focusing more in the area of manufacturing especially in the sector of jet engines and locomotives. It is working hard to crack a deal with Alstom SA that is a leader company in the sector of power equipments and trains. The deal can enhance the presence of GE in the energy sector. Till this time, it has made a bid of $17 billion to acquire the energy assets of Alstom SA.
The infrastructure needs of people are rising. If that happens, General Electric Company (NYSE:GE) will get more reasons and better prospects to grow in the coming time. The same region accounted for 9% of revenues last year. The higher end of revenue expectations is much better than the 9% figure of last year.