by Bernie Magkilat, 09 April 2015
from Manila Bulletin
Power management company Eaton, which is based in Ireland, has opened its new facility in Batangas that will manufacture electrical power management products such as uninterruptable power supply (UPS) products for export to global markets.
Eaton Chairman and Chief Executive Officer Alexander M. Cutler said the new facility will further expand Eaton’s operations in the Asia Pacific market by serving regional and global customers in the IT as well as small and medium data center markets.
“Eaton’s global growth strategy is focused on continued investment in emerging, high growth markets and regions,” Cutler said. “Today’s event underscores our long-term commitment to the Asia Pacific region, which has been a major growth market for Eaton and continues to be of great strategic importance,” Cutler said in a statement.
The new 29,000-square-meter facility located in Tanauan City, Batangas will create up to 2,000 jobs by 2017. The company, however, did not divulge the project cost of the new plant as well as the previous investment.
“With the increased manufacturing capabilities in the Philippines, we will be able to continue Eaton’s expansion into emerging markets with cost-competitive products,” said Ivo Jurek, president of Eaton’s electrical business in Asia Pacific.
“Our investment in the Philippines is a strategic pillar that demonstrates our commitment to building our electrical business in ASEAN and the East Asia region. We are investing heavily in expanding our electrical business in the market to meet our growth goals.”
The Philippines is a key emerging growth market for Eaton in Southeast Asia. Eaton launched its first Philippines manufacturing facility in 2012 to produce electronics products for global markets. With the new plant, Eaton now has two major manufacturing facilities and more than 1,200 employees in the Philippines.
Eaton’s electrical business is a global leader with expertise in power distribution and circuit protection; backup power protection; control and automation; lighting and security; structural solutions and wiring devices; solutions for harsh and hazardous environments; and engineering services. Eaton is positioned through its global solutions to answer today’s most critical electrical power management challenges.
Eaton is a power management company with 2014 sales of $22.6 billion. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries.