Eaton’s latest investment supports a surge in customer demand for energy transition and electrification projects
In El Paso, Texas, Eaton will add 600 jobs, open a new manufacturing facility and increase production capacity at its existing manufacturing site
Eaton, a smart power management company, announced an additional $150 million investment to increase its distribution solutions for customers in North America. As part of this investment, Eaton has committed $80 million to significantly expand its manufacturing footprint in El Paso, Texas, creating more than 600 new skilled manufacturing jobs, opening a new facility, and increasing capacity at its existing manufacturing facility.
These latest investments in North American manufacturing come in addition to Eaton’s recently announced $500 million to support electrification, energy transition and digitalization across industries.
Eaton | Significant investment! Enhance electrical equipment production capacity
Eaton, a smart power management company, has announced a significant investment in its North American manufacturing and operations to support the rapidly growing demand for its electrical solutions. The company is expanding manufacturing and building resilience to increase its supply of solutions to serve customers in the utility, commercial, healthcare, industrial and residential markets in North America. Most of these investments will be made in 2024 and 2025.
“Electricity infrastructure must work harder and smarter to accelerate decarbonization and electrification. At Eaton, we are all part of the energy transition, and our solutions are critical to reshaping the way electricity is distributed, stored and consumed, “said Mike Yelton, president of Eaton Electric’s Americas region. “We are making steady investments for our customers, distributors and employees to meet growing demand in the Americas, with more to come.”
“Eaton solutions are at the heart of electrical systems around the world and are critical to accelerating complex infrastructure projects in buildings, healthcare facilities, data centers, industrial facilities and utilities,” said Mike Yelton, president, Americas, Eaton Electric. . “This latest investment in regional manufacturing reflects our commitment to respond quickly to unprecedented customer demand, as well as the tremendous capabilities of our long-time employees and channel partners.”
The new regional expansion will enable Eaton to increase production of circuit breakers, switchboards, switchboards and other components to enable power distribution across industry critical infrastructure. In addition to the investment in El Paso, the company will expand capacity at its existing plant in Beaver, Pennsylvania;
Eaton is a smart power management company dedicated to improving the quality of life and protecting the environment for people around the world. Committed to doing business properly, operating sustainably, and helping customers manage power. By harnessing the growing global trend of electrification and digitization, we are accelerating the planet’s transition to renewable energy, helping to solve the world’s most pressing electricity management challenges, and doing what is best for our stakeholders and society at large.
Eaton was founded in 1911 and has been listed on the New York Stock Exchange for 100 years. Revenue in 2022 was $20.8 billion and it serves customers in more than 170 countries.