Eaton Details $54 Million Project to Expand Manufacturing Operations
Power management company Eaton Corp. today announced a $54 million investment in its Waukesha-based Cooper Power Systems business. The project, which calls for expanding one facility and renovating two others, will help Eaton meet growing demand for its utility, commercial and industrial power distribution products and solutions. The Wisconsin Economic Development Corporation (WEDC) is providing up to $1.36 million in tax credits for the project that could create as many as 200 jobs in the region over the next two years. Work on the expansion and upgrades began in January and is expected to wrap up in mid-2016.
â€œThere is no question that energy is a vital and growing component of Wisconsinâ€™s economy, and power management is an important part of that sector,â€ said Wisconsin Gov. Scott Walker. â€œThis project not only solidifies Eatonâ€™s commitment to Wisconsin, but also is an indication that the company is continuing to look toward the future.â€
â€œEaton is an outstanding business not just in Waukesha but throughout Wisconsin,â€ added Reed Hall, secretary and CEO of WEDC, the stateâ€™s lead economic development agency. â€œWEDC is pleased that it played a role in helping this project come to fruition.â€
With this investment, Eaton will expand its Badger Drive manufacturing plant and upgrade technology at its Badger Drive, North Street and Lincoln Avenue Power Systems plants. The facilities produce electrical equipment including three-phase transformers, substation transformers and voltage regulators for the safe, reliable distribution of electrical power.
â€œWaukesha and the Milwaukee area offer a highly skilled workforce and play a vital role in the continued success of Eatonâ€™s business,â€ said Clayton Tychkowsky, president of Eatonâ€™s Cooper Power Systems Division. â€œThis investment and expansion will provide new manufacturing technology and enhance our regional manufacturing capabilities to help us meet the increasing demand for our products by utility, commercial and industrial customers.â€