GE 2007 Annual Report Download - page 18

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16 ge 2007 annual report16 ge 2007 annual report
33
11
2001 2007 2010*
~50
EMERGING MARKETS
REVENUES
(In $ billions)
*Forecast
Vertical success story
Brazil-based Vale is the world’s largest
iron ore producer. Since 1972 GE has
provided Vale with products and services
ranging from transportation to water
processing to plant automation. In 2007
we signed a strategic alliance with Vale
to continue this relationship and help
drive the region’s explosive growth.
theme 2
Opportunity is calling from the
emerging markets — waiting
for the right partner to unleash
its potential.
Emerging markets are growing at four times the growth rate of the
U.S. gross domestic product. Driven by surging economies and
capital available to invest, emerging markets are in need of new
infrastructure, energy, water, healthcare, and fi nancing.
One of GE’s fastest-growing emerging markets is Latin America.
By 2010 there will be over 100 million new consumers needing
access to water, energy, entertainment, transportation, and
healthcare. GE’s multi-business portfolio is aligned to meet the
expected demand for over 1,600 aircraft, access to improved
healthcare, consumer fi nancing, and solutions for water scarcity
issues over the next 20 years.
Even as GE is poised to meet the surge of consumer demands
driven by the region’s economic growth, we are also uniquely
positioned to help drive that growth. GE’s mining vertical —
consisting of our Transportation, Commercial Finance, Energy
Financial Services, Water, and Security businesses — gives us
a competitive advantage in pursuing an expected $3 billion
opportunity over the next several years. GE is winning in
emerging markets around the world.
A GE-9 locomotive at Vale’s Carajas, Brazil mine