Eaton to Invest Over $500 Million in North American Manufacturing

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 [e-mail]

(END) Dow Jones Newswires

August 28, 2023 07:20 ET (11:20 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.