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March 29, 2010

CHINA: Eaton invests in new engine valve facility

Eaton has announced that it will expand its vehicle operations in China by investing in a new engine valve production facility in Jining City, Shandong Province.

Eaton has announced that it will expand its vehicle operations in China by investing in a new engine valve production facility in Jining City, Shandong Province.

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Eaton will start construction of the 10,000-square metre facility in July 2010. The new facility will assemble engine valves and valve actuation components for automotive customers in the Chinese market.

“The further expansion of Eaton’s production capability is another positive step forward in meeting our significant growth goals in the region,” said Frank Wang, general manager – China for Eaton’s Vehicle Group.

“We work closely with both domestic and global automotive manufacturers to develop technology-based solutions for their needs in the fast-growing Chinese market, and we’re excited about the growth possibilities this new facility provides.”

Joseph Palchak, president of Eaton’s Vehicle Group, said, “The investment in the new facility in Jining represents Eaton’s long-standing commitment to produce products for the region within the region.  As China’s automotive market expands, we will continue to work with our local partners to provide leading technologies for our Chinese customers.”

Eaton currently manufactures automotive components in its facility in Shanghai — Shanghai Eaton Engine Components Company, Ltd. (SEECO) — for Shanghai Volkswagen, Shanghai General Motors, FAW-Volkswagen, Shenyang Aerospace Mitsubishi, Guangzhou Dongfeng Honda, Changan Suzuki, Changan Ford and Jiangling Motors.

The new Jining plant will be located in the same campus of Eaton Hydraulics System (Jining) Co., Ltd., which produces steering pumps, hydraulic motors and filtration components. It is Eaton’s largest manufacturing base for hydraulics products in Asia Pacific.

“With continued investment in Jining, we are expanding our Industrial sector operations to now include hydraulics, filtration, and vehicle components. The expanded manufacturing capability in China will give Eaton significant momentum in this key growth market,” Frank Wang said.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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