News Formal

Eaton expanding Texas plant as part of $500M investment

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Eaton Corp. Plc said Monday it’s adding 200,000-square-feet to its Nacogdoches, Texas electrical transformer manufacturing facility in a move that will...

Eaton Corp. Plc ETN, +1.51% said Monday it’s adding 200,000-square-feet to its Nacogdoches, Texas electrical transformer manufacturing facility in a move that will create more than 200 manufacturing jobs.

It’s part of an overall $500 million investment by the end of 2024 to grow its electrical products business including its South Carolina facility that makes a charger station for electric vehicle fleets. Eaton Corp. stock is up by 42.9% in 2023, compared to a 14.8% increase by the S&P 500 SPX, +0.67%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brightview gets $500M investment and named United Rentals veteran as its chief executiveBrightview Holdings Inc. on Monday said private-equity firm One Rock Capital Partners LLC has made a $500 million investment in the commercial landscaping...
Source: MarketWatch - 🏆 3. / 97 Read more »