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MarketScreener Homepage  >  Equities  >  Nyse  >  Eaton Corporation PLC    ETN   IE00B8KQN827

EATON CORPORATION PLC (ETN)
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Eaton : Opens Additive Manufacturing Center of Excellence in Southfield, Mich.

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07/15/2016 | 08:29pm CET
Adds Cutting-Edge Technologies in 3D-Printing for Metal, Non-Metal Applications

CLEVELAND … Power management company Eaton today announced the opening of an Additive Manufacturing Center of Excellence (AM CoE) at its Southfield, Mich., Innovation Center. The AM CoE will usher in a new era in the company's manufacturing capabilities by adding cutting-edge manufacturing technologies in 3D-printing for both metal and non-metal applications.

Eaton's investment in the AM CoE will enable the company to meet increasing demand for complex high performance components, tools and fixtures, while improving speed to market and advancing sustainable manufacturing efforts.

'Additive manufacturing opens up opportunities to combine novel materials, designs and process innovations at a much faster pace than utilizing traditional manufacturing technologies,' said Ramanath Ramakrishnan, executive vice president and chief technology officer, Eaton. 'It enables the engineer with quick and cost-effective design iterations and may well change the paradigm from a 'design for manufacture' to 'manufacture to design'.'

Eaton engineers globally will train at the AM CoE, and eventually contribute to further developing additive manufacturing techniques and facilitating the technology's rapid adoption in real world products. The initial investment included dedicating 3,700 square-feet within Eaton's Southfield Innovation Center, staff and machines for direct metal laser sintering (DMLS), and a range of 3D-printing technologies for polymers, supporting computing and machine shop.

Eaton is a power management company with 2015 sales of $20.9 billion. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton has approximately 96,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com.

Contact
Scott R. Schroeder, +1 440-523-5150

Eaton Corporation plc published this content on 15 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 July 2016 18:29:04 UTC.

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Financials ($)
Sales 2018 21 587 M
EBIT 2018 2 921 M
Net income 2018 2 204 M
Debt 2018 6 710 M
Yield 2018 3,72%
P/E ratio 2018 13,95
P/E ratio 2019 12,04
EV / Sales 2018 1,73x
EV / Sales 2019 1,63x
Capitalization 30 589 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 87,5 $
Spread / Average Target 24%
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Managers
NameTitle
Craig Arnold Chairman & Chief Executive Officer
Richard H. Fearon Vice Chairman, Chief Financial & Planning Officer
William W. Blausey Chief Information Officer & Senior Vice President
Ramanath Ramakrishnan Chief Technology Officer & Executive VP
Gerald Bernard Smith Independent Director
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