Eaton (IW 1000/290) announced today that it will invest $54 million in its Waukesha-based Cooper Power Systems business in Wisconsin.
"This 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,” said Clayton Tychkowsky, president of Eaton’s Cooper Power Systems Division.
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.
The Wisconsin Economic Development Corporation 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.
“Waukesha and the Milwaukee area offer a highly skilled workforce and play a vital role in the continued success of Eaton’s business,” said Tychkowsky.
Eaton, which employees 102,000 employs, had sales last year of $22 billion.