Georgia Transformer to create job opportunities despite current losses
USA, Georgia: Georgia Transformer, the Rincon-based manufacturing plant formerly known as EFACEC, is planning to add 150 to 200 jobs over three years, starting in the second half of next year, according to the acting general manager, Prabhat Jain.
USA, Georgia: Georgia Transformer, the Rincon-based manufacturing plant formerly known as EFACEC, is planning to add 150 to 200 jobs over three years, starting in the second half of next year, according to the acting general manager, Prabhat Jain.
Jain, who is also president of Virginia Transformer Corp., which has a strategic alliance with the new owners of the plant — Caravels LLC, said the plant that makes large electrical transformers lost $30 million last year, and is expected to lose further $10 million this year, reports Savannah Now.
Despite the current situation, the new owners are trying to bring back business from large utility companies and add business from renewable energy such as solar and wind.
According to Savannah Now, Jain expects the plant to turn a profit in 2017.
Source: Savannah Now
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