Eaton Joint Venture to Invest $40 Million in Valve Facilities
Power management company Eaton has announced its U.S. Engine Valve (USEV) joint venture with Nittan Valve Company, Ltd. will invest $40 million in engine valve manufacturing facilities in South Carolina and Nebraska over the next five years to support growth of its North American vehicle business.
The investment will result in the creation of up to 150 new jobs by 2016.
Between 2013 and 2017, USEV will invest nearly $34 million in a 38,000 square-foot expansion, and new valve machining equipment and forge presses for its Westminster, S.C. facility. The Westminster facility expansion is underway and scheduled to be completed March 2014.
It will include additional manufacturing and office space as well as an expansion of the facility’s parking area. USEV will invest an additional $6 million in Eaton’s Kearney, Neb. facility to support expanded valve production.
USEV supplies engine valves to a wide array of automotive original equipment manufacturers in North America. USEV has recently been awarded new business to support new engine platforms being introduced by its North American customers, which was the impetus for the investment in the Westminster and Kearney facilities.
More info at: www.eaton.com.
Category: Engines & Drivetrains, General Update
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