Eaton reveals new structure for Cutler-Hammer
The Eaton Corporation is restructuring its Cutler-Hammer electrical and electronic products business, based on the market segments in which it operates.
Eaton senior vice-president Randy Carson, says that focusing on market segments has already been a major factor in C-H`s recent strong performance, including a 10% increase in orders compared to last year.
"Our new structure will make us faster and more responsive," he predicts.
In a separate move, Eaton is buying Sumitomo Heavy Industries` 50% stake in their Japanese hydraulics JV, Sumitomo Eaton Hydraulics (Sehyco), which was formed in 1974. Sehyco makes hydraulic motors mainly for the Japanese market and sales this year are expected to approach $110m.