Month: February 2025

By adding a third U.S. manufacturing facility for three-phase transformers, Eaton supports robust market growth Hiring to begin in 2027 for 700 local jobs in the new Eaton Jonesville site, Eaton’s eleventh facility in South Carolina Brings Eaton investments in North American manufacturing for its electrical solutions to more than $1 billion since 2023 

CLEVELAND, February 12, 2025 /3BL/ – Intelligent power management company Eaton (NYSE:ETN) is helping address the critical shortage of transformers and record demand for its solutions across utility, large commercial, industrial and data center customers. The company is investing $340 million to increase U.S. production of its three-phase transformers essential to reliable electrical power. Production and hiring at Eaton’s new Jonesville, South Carolina facility is expected to begin in 2027. Eaton will continue to also manufacture three-phase transformers at two Wisconsin facilities.

“Electrical power demand is increasing dramatically, and our solutions are at the heart of energy systems everywhere, from the utility grid to industrials, data centers, buildings and more,” said Mike Yelton, president, Americas Region, Electrical Sector at Eaton. “We’re grateful for the strong collaboration and support in South Carolina, where we have a long history of manufacturing and innovation. Eaton is continuing to increase production and add jobs there and across the U.S. to support affordable, reliable and clean energy.”

Eaton transformers meet the highest efficiency standards in the industry, helping customers save energy and costs. Building on more than a century of transformer innovation and manufacturing, Eaton will convert an existing facility in Jonesville, South Carolina into a state-of-the-art manufacturing site for three-phase transformers. The project is supported by local, state and federal economic development incentives. The company is also working closely with readySC and regional schools to support hiring and industry training.

“Eaton’s new operation in Union County, which will mean 700 new jobs for the local community, represents a major vote of confidence in South Carolina’s highly skilled, world-class workforce. This investment is a remarkable milestone for Eaton and Union County, and we celebrate the opportunities it will create throughout the state in the years ahead,” said South Carolina Governor Henry McMaster. 

“South Carolina is a leader in manufacturing due to our talented workforce, quality of life and business environment. I welcome Eaton’s investment in Union County, further ensuring our state remains on the forefront of grid modernization,” said Senator Lindsey Graham.

Senator Tim Scott shared, “This is great news! Eaton’s investment and expansion will create more job opportunities for the community and stimulate our local economy. I am glad South Carolina continues to be a hotbed for economic growth and a leading force in energy!”

“South Carolina continues to set the gold standard as a competitive, business-friendly state with a strong and growing workforce. I am thrilled that Eaton has chosen Union County for its expansion, and I look forward to the positive impact this investment will have in the years ahead,” said Congressman Ralph Norman.

“We are pleased to welcome Eaton to Union County and acknowledge their investment and the new jobs opportunities they are introducing. Their considerable investment highlights the confidence global companies like Eaton have in Union County’s capability to address their needs. On behalf of the county council, county staff and our partners, we convey our congratulations and appreciation for Eaton’s commitment to Union County,” said Union County Supervisor Phillip Russell.

Eaton will continue to manufacture three-phase transformers in Waukesha, Wisconsin. The company will also continue to produce single-phase, pole-mount and pad-mount transformers in Nacogdoches, Texas.

Since 2023, Eaton has invested more than $1 billion in its North American manufacturing for electrical solutions. Eaton is also increasing supplies of power distribution solutions, including transformers and voltage regulators; as well as electrical assemblies: switchgear, switchboards and circuit breakers; and solutions supporting electric grid infrastructure projects.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.

Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

This news release contains forward-looking statements concerning anticipated production of Eaton’s three-phase transformers. These statements may discuss goals, intentions and expectations as to future trends, plans, events, or state other information, based on current beliefs of management. These statements should be used with caution and are subject to various risks and uncertainties, many of which are outside Eaton’s control. The following factors could cause actual results to differ materially from those in the forward-looking statements: potential global pandemics, supply chain disruptions; unexpected claims, charges, litigation or dispute resolutions; strikes or other labor unrest at Eaton or at our customers or suppliers; new laws, tariffs and governmental regulations; and unanticipated deterioration of economic and financial conditions in the United States and around the world. We do not assume any obligation to update these forward-looking statements.

Contact:

Kristin Somers 
+1.919.345.3714 
Kristincsomers@eaton.com

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AMSTERDAM and HONG KONG and OAKLAND, Calif., February 12, 2025 /3BL/ – Cascale, a global nonprofit alliance representing over 300 organizations across the consumer goods industry, and Worldly, the leading sustainability data insights platform, released their latest policy deep dive, “Building a Global Baseline: The Role of IFRS Sustainability Disclosure Standards.” This comprehensive paper examines the evolving global framework for sustainability disclosures. It focuses on International Financial Reporting Standards (IFRS) and offers practical guidance for brands, retailers, manufacturers, and suppliers seeking to navigate the complexities of investor-focused sustainability reporting.

The adoption of International Sustainability Standards Board (ISSB) standards is critical as it fosters global alignment in sustainability reporting, reducing the need for companies to contend with a patchwork of national regulations. Adoption is gaining momentum in key regions, with 474 companies in Asia-Oceania and 296 in Europe already referencing ISSB standards. By March 2024, 1,151 companies had integrated ISSB disclosures, marking the beginning of a global shift toward standardized reporting that enhances market comparability and meets investors’ growing demand for consistent, reliable data.

“Standardization in sustainability reporting is critical for the textiles and wider consumer goods industry,” said Elisabeth von Reitzenstein, director, policy and public affairs at Cascale. “Our new deep dive demystifies IFRS S1 and S2 and demonstrates how these standards are setting a global benchmark for transparency and accountability. Developed in collaboration with Worldly, this report is designed to empower Cascale members and Higg Index users to align their reporting practices with emerging regulatory requirements and investor expectations.”

“Businesses that adopt International Financial Reporting Standards gain a clear financial picture, helping them uncover hidden risks in their supply chains and strengthen resilience in today’s dynamic markets. By aligning sustainability reporting with these standards, companies will enhance transparency and cross-company comparability for their stakeholders, enable smarter decision-making, and align with global emerging regulations,” said JR Siegel, vice president, sustainability at Worldly.

By offering actionable insights and highlighting the strategic advantages of global alignment in sustainability reporting, this deep dive underscores its critical importance for the entire consumer goods sector. In an era where sustainability reporting is evolving from a voluntary best practice to a mandatory business imperative, this resource empowers industry stakeholders to innovate, differentiate, and lead the transition toward a more transparent, ethical, and sustainable global economy.

This deep dive is part of a broader collaboration between Cascale and Worldly to empower Cascale members, Worldly customers, and value chain partners as they navigate fast-changing regulatory landscapes. Through these policy deep dives, Cascale and Worldly deliver expert insights on key sustainability and reporting legislation while their tailored solutions—especially Cascale’s Higg Index (exclusively available on Worldly)—enable companies to track, analyze, and report critical data. As voluntary guidelines shift toward mandatory reporting, this partnership helps organizations not only achieve compliance but also unlock opportunities for innovation and leadership in driving industry-wide transformation.

Download the Full Report Today 
To support companies in navigating the complexities of investor-focused sustainability reporting, Cascale and Worldly have made the full policy deep dive available for download.

ABOUT CASCALE

Cascale is the global nonprofit alliance empowering collaboration to drive equitable and restorative business practices in the consumer goods industry. Formerly known as the Sustainable Apparel Coalition, Cascale owns and develops the Higg Index, which is exclusively available on Worldly, the most comprehensive sustainability data and insights platform. Cascale unites over 300 retailers, brands, manufacturers, governments, academics, and NGO/nonprofit affiliates around the globe through one singular vision: To catalyze impact at scale and give back more than we take to the planet and its people. LinkedIn | X | Instagram | Facebook | YouTube

ABOUT WORLDLY

Worldly is the leading sustainability data insights platform, trusted by 40,000+ major brands, retailers, and manufacturers in fashion, outdoor, home goods, toys, and more. Worldly uniquely collects high-resolution primary data specific to companies’ value chains, operations, and products, providing insight into true impacts across carbon, water, chemistry, and labor. Featuring the most comprehensive source of ESG data for global manufacturers and the largest library of materials and product impacts, Worldly empowers businesses to scale responsibility into their global operations, faster and more accurately. Hosting, connecting with, and supporting the leading industry solutions and methodologies, including ZDHC, Bluesign, and the Higg Index — developed and owned by the global nonprofit alliance Cascale — Worldly delivers the insights businesses need to reduce their impact, comply with emerging regulatory and financial disclosure requirements, and meet the expectations of a new generation of customers. www.worldly.io