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GE Seeks to Enter Europe Locomotive Market in Belgium, Echo Says

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Jan. 19 (Bloomberg) -- General Electric Co. seeks to enter the European locomotive market via Belgium with a new product, the Euroloco, L’Echo reported, citing GE Transportation Chief Executive Officer Lorenzo Simonelli.

“Two things go together for us: to demonstrate this product in Belgium and to enter the European market,” Simonelli told the Belgian newspaper in an interview published today. “That’s our new strategy.”

Belgium is ideally situated for “conquering European freight,” Simonelli told L’Echo, adding that the company eyes “double-digit growth in Europe.”

Story Link:{NSN MGV56U6TTDS2<GO>} Link to Company News:{GE US <Equity> CN <GO>}

To contact the editor responsible for this story: Patrick Henry at phenry8@bloomberg.net

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