By Colin Kellaher

Power-management company Eaton plans to invest another $150 million in its manufacturing operations to increase the supply of its electrical-power-distribution products to meet surging North American demand for energy-transition and electrification projects.

The Dublin-based company on Wednesday said its plans include an $80 million investment in El Paso, Texas, to open a new manufacturing plant and increase the production capacity at its current site.

Eaton said the El Paso investment will create more than 600 new skilled manufacturing jobs.

Eaton last month unveiled an investment of more than $500 million in manufacturing across North America to support electrification and digitalization efforts across various industries, including plans to double the size of its plant in Nacogdoches, Texas.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

September 13, 2023 07:18 ET (11:18 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Eaton (NYSE:ETN)
Historical Stock Chart
From May 2024 to Jul 2024 Click Here for more Eaton Charts.
Eaton (NYSE:ETN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Eaton Charts.