Eaton to Invest Over $500 Million in North American Manufacturing
August 28 2023 - 6:35AM
Dow Jones News
By Will Feuer
Power-management company Eaton is investing more than $500
million in manufacturing across North America to support
electrification and digitalization efforts across various
industries.
The company said it plans to double the size of its plant in
Nacogdoches, Texas, a move that will double the production capacity
of Eaton's voltage regulators to help utility customers accelerate
grid modernization. The investment in the Texas plant is expected
to add over 200 manufacturing jobs.
Eaton will also invest in new equipment to increase
manufacturing of three-phase transformers at its plant in Waukesha,
Wis. In South Carolina, Eaton plans to expand manufacturing for
busway products and EV-charging technology.
"We're all in on the energy transition," said Mike Yelton,
president of the Americas region in Eaton's electrical-sector unit.
"We're making steady investments for our customers, distributors
and employees to meet growing demand in the Americas, and there
will be more to come."
The company expects most of the investments to be complete in
2024 and 2025.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
August 28, 2023 07:20 ET (11:20 GMT)
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