As Eaton celebrates its 100th anniversary of listing on the New York Stock Exchange (NYSE), Craig Arnold, chairman and chief executive officer, recently visited China again. After three years, Luo De's visit to China carried out a series of business activities and visited the front line to interact with long-lost Eaton employees, and also opened a new chapter in Eaton's China business.
As CEO of the global intelligent power management company, Luo De emphasized Eaton's high priority to the Chinese market and its confidence and expectation for future development in China, saying: "China is one of the largest markets in the world in every industry in which we operate. For Eaton, it is important to continue to actively explore and deepen the cultivation of China. Continuing to invest in and win in the Chinese market is a key part of the company's long-term growth, so we must strengthen our local capabilities and position ourselves as a local player to better serve China. ”
Today, the Chinese market is leading the global megatrends of energy transition, electrification and digitalization, and Eaton is entering a super growth cycle. "We have a once-in-a-lifetime opportunity to be a part of the industry and the perfect time to join the Eaton team. The energy transition, electrification and digitalization are three megatrends that will drive Eaton's long-term growth in the long term. And the most important thing for me and our leadership team is how to transform Eaton into a growth company. ”
2023 marks the 30th anniversary of Eaton's entry into China, and since its first entry into the Chinese market in 1993, Eaton has continued to grow and expand rapidly. In 2004, the company's Asia-Pacific headquarters moved from Hong Kong to Shanghai. In recent years, Eaton has acquired some well-known domestic enterprises in related fields such as Huanyu Group, Jiangsu Yineng Electric, Jiangsu Huineng Electric, etc., and has established strategic cooperative relations with CATL and Hainan Future Industrial Park. Today, Eaton has approximately 9,000 employees, 20 manufacturing facilities and 14 R&D centers in China, and the vast majority of its products are made in China.
The development of Eaton China is inseparable from the efforts of every Chinese employee. In this regard, Mr. Luo De expressed his sincere gratitude to the Chinese employees and said, "The company belongs to every Eaton, and the fate of the company is in everyone's hands. At the same time, I encourage you to think positively about how you can be the best version of yourself. ”
Mr. Luo De's visit conveyed Eaton's high interest and confidence in its business in China. In the context of the "dual carbon" goal, Eaton will continue to deepen the Chinese market and make greater contributions to China's energy transition and sustainable development.
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