Eaton, a diversified industrial product manufacturer, will celebrate its 100th anniversary in 2011. For a long time, Eaton has provided customers and customers worldwide with innovative and sustainable products and systems. Founded in 1911, Eaton Corporation has grown from being a small business with a bearing business to being a global power management company today, and as a leader in providing energy-saving and environmentally friendly technologies, Eaton helps customers use power more efficiently and safely.
Mr. Alexander M. Cutler, Eaton’s chairman and chief executive officer, said: “Over the past 100 years, Eaton has undergone many changes and continued to grow and expand. However, we always uphold the founder, Mr. Joseph Eaton. The first kind of innovative spirit and philosophy, he created the world's first gear-driven truck bearing, and this contribution to the transportation field laid the foundation for the company's development. Today, Eaton has grown into a global one. Big companies, but we still regard this spirit of innovation as the company’s most basic values.â€
Today, Eaton’s four distinct business units—electricity, aerospace, hydraulics, and vehicles—serve a variety of markets around the world, covering a wide range of sectors including aerospace, agriculture, construction to energy, infrastructure, and healthcare. Eaton's customers are in more than 150 countries and regions, and 55% of the company's turnover comes from markets outside the United States.
Eaton’s key technologies and businesses in a century include:
In 1911, Joseph Eaton invested in Torbensen Gear Bearings, the predecessor of Eaton. In the truck market, breakthrough technologies were developed and effective commercial operations were achieved.
In 1946, Eaton acquired a company that produced motor pumps and gears in the United Kingdom and began its globalization.
In 1952, Eaton took the lead in providing passenger cars with air-conditioning products that are affordable to ordinary consumers.
In 1978, NASA selected Eaton to design and build a new landing system for the space shuttle. In the subsequent cooperation, Eaton created a prototype of an electric vehicle drive system and made appearances on the NASA electric vehicle prototype in 1989.
At the beginning of this century, Eaton developed the first hydraulic hybrid system for commercial transportation vehicles, and applied this advanced hybrid technology to commercial vehicles in China. The sustainable vehicle project promoted the acceleration of the Eaton business. Today, commercial and transportation vehicles equipped with Eaton hybrid systems have traveled more than 100 million miles worldwide, reducing fuel consumption by more than 4 million gallons.
Eaton is working with the world’s leading aircraft manufacturers to make flights safer, more reliable, and more energy-efficient. In 2010, Eaton also won new customers and established a joint venture with China Commercial Aircraft to fully support China's emerging aviation business.
In the fall of 2010, Eaton hydraulic equipment played a key role in rescuing the dramatic rescue of trapped Chilean miners. At that time, the rig equipped with Eaton products opened the first channel to help rescuers quickly find trapped persons. Later, the rig was used to widen the tunnel and eventually rescued all trapped miners.
With the recent completion of several hydropower facilities in Vietnam, South Korea and the United States, Eaton has become a global leader in hydropower projects, providing advanced hydraulic and electrical technology solutions.
In the Netherlands, Eaton is helping to update the Amsterdam subway system and provide a new power transmission and distribution system for new and extended subway stations.
Eaton’s electrical products provide a critical backup power protection system for the world’s eighth largest airport – the new new terminal lounge at Indira Gandhi International Airport in Delhi, India.
Eaton’s extensive service network and advanced hydraulic power technologies cover almost all wind turbine manufacturers around the world, including China and Canada.
With the rapid development of the electric vehicle market, Eaton is expanding its electric vehicle charging station business distribution to homes, businesses and highways to help infrastructure construction, which is of crucial importance to the development of this emerging transportation model.
Eaton’s new fully automatic heavy-duty transmission enables drivers to drive and control all types of heavy-duty trucks more safely and efficiently.
“Today, the Eaton people all over the world will take the opportunity to celebrate the company’s 100th anniversary, adhering to the company’s tradition of innovation and professionalism, continuing to maintain our leading edge in advanced technology and helping customers reduce the ever-increasing energy management costs. To meet the world's most difficult challenges in energy management,†concluded Ke Renjie.
Eaton entered the Chinese market in 1993 and set up its first joint venture in Jining, Shandong. Since then, it has rapidly developed its business in China through mergers, acquisitions, joint ventures, and wholly-owned operations. Today, all of Eaton’s main businesses have been manufacturing products in China and play an active role in the Chinese market by providing creative industrial technologies and high-quality products. Eaton currently has 27 factories, more than 10,000 employees and 4 R&D and engineering centers in China. In 2010, the company's sales in China reached US$100 million.
Eaton Corporation is a diversified power management company with sales of $11.9 billion in 2009. In 2011, the company has been established for 100 years. Eaton is a global leader in many industries, including power quality, transmission and distribution and control systems; hydraulic power components, systems and services required for industrial equipment and mobile construction machinery; and fuel for commercial and military aerospace applications. Hydraulic and pneumatic systems; and power and transmission systems that help trucks and cars improve performance, fuel economy and safety. Eaton has about 70,000 employees and its products are sold in more than 150 countries and regions.
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