GE Appliances on Thursday said it would spend $490 million to move the production of most of its washing machines from China to Kentucky.

The operation will move to the company's massive industrial Appliance Park headquarters in Louisville, Kentucky, where it already manufactures washers and dryers. At least 800 new full-time jobs are expected to be created, the company said in a news release.

(China is collapsing. Starbucks is fleeing.)