Eaton Invests More Than $500 Million in North American Manufacturing to Support Electrification, Energy Transition and Digitalization Across Industries

Rhea-AI Summary

Eaton invests over $500 million in North American manufacturing to meet increasing demand for electrical solutions.

Positive

• Eaton is expanding manufacturing and increasing supply of its electrical solutions to meet growing demand in utility, commercial, healthcare, industrial, and residential markets.
• Investments in Texas and Wisconsin will increase manufacturing capacity for utility solutions, advancing electrification, grid modernization, and energy resilience.
• Eaton is adding 200,000-square-feet to its Texas facility, doubling production capacity of voltage regulators and creating over 200 skilled manufacturing jobs.
• Expansion in Wisconsin will increase manufacturing of three-phase transformers for utility, data center, and commercial applications.
• Eaton is expanding production of busway products and industry-first EV charging technology in South Carolina.
• Increased production across the Americas region supports circuit protection and metering for homes and businesses.
• Eaton is adding capacity to increase supplies of power distribution equipment for infrastructure projects.
• Expansion of distribution centers in Chicago and Dallas will support power quality products and connectivity solutions.

Negative

• None.

• Eaton continues to increase capacity for essential technologies supporting infrastructure projects including transformers
• Investments in Texas and Wisconsin help meet surging utility demand for solutions supporting electrification, grid modernization and energy resilience

CLEVELAND--(BUSINESS WIRE)-- Intelligent power management company Eaton (NYSE:ETN) has announced significant investments in its North American manufacturing and operations to support rapidly growing demand for its electrical solutions. The company is expanding manufacturing and bolstering resilience to increase the supply of its solutions for customers in utility, commercial, healthcare, industrial and residential markets across North America. The majority of these investments will be complete in 2024 and 2025.

Eaton invests more than $500 million in its North American manufacturing to meet rapidly increasing demand for the company’s electrical solutions across utility, commercial, data center, healthcare, industrial and residential markets. (Photo: Business Wire)

“Electrical infrastructure has to work harder and smarter to accelerate decarbonization and electrification. At Eaton, we’re all in on the energy transition, and our solutions are essential to reinvent the way power is distributed, stored and consumed,” said Mike Yelton, president, Americas Region, Electrical Sector at Eaton. “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.”

Investments in Texas and Wisconsin increase U.S. manufacturing of essential utility solutions advancing electrification, grid modernization and energy resilience

Eaton is adding 200,000-square-feet to its Nacogdoches, Texas manufacturing facility, more than doubling its size. The project will double production capacity of Eaton’s voltage regulators to help utility customers across North America accelerate grid modernization and resilience projects. Eaton will continue to produce single-phase, pole-mount and pad-mount transformers in Texas to address the acute supply shortage for these products. The expansion will create more than 200 skilled manufacturing jobs.

The Texas expansion frees up capacity at the company’s largest Wisconsin manufacturing facility in Waukesha, where Eaton is investing in equipment to increase manufacturing of three-phase transformers for utility, data center, large commercial and industrial applications. Eaton will continue to produce regulators, including complex pole and substation voltage regulators, for utility customers in Wisconsin.

South Carolina facility expands manufacturing for busway products and industry-first EV charging technology

Eaton is increasing production of busway to meet rapidly growing demand for this power distribution technology used in commercial, industrial and fleet charging applications. This expansion includes Eaton’s EV charging busway, an industry-first innovation that dramatically simplifies and expedites infrastructure for fleet charging, while avoiding major infrastructure modifications. For more than 60 years, Eaton has manufactured hundreds of thousands of miles of busway in South Carolina and continues to expand manufacturing capacity regionally.

Increased production across the Americas region supports circuit protection and metering for homes, businesses

Eaton is increasing the manufacturing of its circuit breakers and metering for homes and commercial buildings. These investments include expanding capacity and diversifying production across various locations in the Americas region to increase the supply of its solutions for customers, enhance supply chain efficiency and boost manufacturing resilience.

Manufacturing growth strengthens power backbone for commercial, industrial and utility infrastructure projects

Eaton is adding capacity to increase supplies of essential power distribution equipment to support infrastructure projects across industries. The company’s most recent investments enhance its manufacturing facilities for switchgear and switchboards, which provide the power backbone for customers across the Americas.

Expanded distribution centers support data center, healthcare and industrial customers

Eaton is investing in the distribution capacity for its power quality products and connectivity solutions. The company recently opened its largest regional distribution center in Chicago and is expanding its distribution facility in Dallas to serve commercial, data center, industrial, healthcare and communications customers.

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, Eaton is marking its 100th anniversary of being listed on the New York Stock Exchange. We reported revenues of $20.8 billion in 2022 and serve customers in more than 170 countries. For more information, visit Eaton.com. Follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230825834891/en/

Hilary Spittle

+1.216.712.2005

Hilaryspittle@eaton.com

Source: Eaton