RIYADH – Power management company Eaton announced Sunday its alignment with Saudi Arabia's drive for more diversified economic growth. In a series of meetings with customers and government officials in Riyadh, Eaton's Chairman and CEO Alexander M. Cutler discussed the company's contribution toward the development of the Kingdom's oil and gas, construction and utility sectors. For more than four decades, Eaton has contributed to the development of Saudi Arabia's infrastructure with power management solutions that include legacy brands Westinghouse, MEM, Cutler-Hammer, Powerware and Moeller. Eaton now has offices across the Kingdom in Riyadh, Al-Khobar and Jeddah.
In 2009, Eaton opened its first manufacturing facility in the Kingdom in Dammam where it currently assembles its B-Line range of support systems and Crouse Hinds range of assemblies and enclosures. “Eaton has a long-standing history of doing business in Saudi Arabia, and we are investing heavily to further the development of our business here,” said Cutler. “We are proud to be contributing to some of the Kingdom's most high profile infrastructure projects that are behind the country's extraordinary investment growth.” “Our commitment to Saudi Arabia will include investment to expand our local team to ensure Eaton is able to fully meet the power management needs of our customers in the Kingdom and the overall drive to build a more diversified economy,” he added. Furthermore, Eaton plans to expand production at Dammam to include low voltage and medium voltage switchgear for high-end infrastructure as well as oil and gas customers. Eaton is also increasing production at the facility and adding a service center to meet growing customer demand in the Kingdom and the region as a whole. Eaton is providing critical power management solutions and services in support of some of the most high profile projects in the Kingdom, including the construction of one of the world's largest integrated chemical facilities by Sadara Chemical Company. Eaton's acquisition of Cooper Industries, completed in November 2012, significantly increased the breadth of its electrical product portfolio, globally and across the Middle East. The combined company has approximately 102,000 employees with 2012 sales of $21.8 billion on a pro forma basis in 175 countries. In the Middle East, Eaton employs more than 300 people in 19 offices across the region. Eaton is growing rapidly in the Middle East, forecasting 18 percent growth in 2013 revenues compared to the previous year. — SG
