Eaton Corporation Announces Expansion Plans for North Carolina Factory

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Researched by Industrial Resources (Sugar Land, Texas)--Eaton Corporation (NYSE:ETN) (Cleveland, Ohio), celebrating its 100th anniversary this year, has announced plans for a $50 million expansion at its auto-parts manufacturing facility in Roxboro, North Carolina.

Eaton has deep roots in North Carolina and has 3,400 employees in 12 locations throughout the state. The company has operated in Roxboro since 1965. The Roxboro plant manufactures a variety of automotive components, including engine components and tire valves. The company plans to build a state-of-the-art facility to manufacture engine components, bringing more than 162 jobs to Pearson County in the next four years.

The expansion will occur in two phases. The first phase will require an investment of $23.3 million and will allow Eaton to build engine valve-train components. When this phase is completed, 120 new jobs will be created. The second phase will entail $26.9 million in investment, creating 42 additional new jobs.

The facility's plant manager stated that the jobs created would pay an average of $35,875 annually, plus benefits. This is great news for a rural community with an average annual salary of $32,136 and a 10% unemployment rate.

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