On October 21, 2011, Eaton Corporation, a diversified industrial product manufacturer, rang the “opening bell†on the New York Stock Exchange to commemorate its 100th birthday. The 100-year history of Eaton’s important moments was presented through this far-reaching ceremony: starting from entrepreneurship on a bumpy road in 1911, entering the industry, and continuing to develop the industrial and electrical market, the tremendous development has been to the present traffic and information super The continuous development opportunities brought about by the unlimited extension of the expressway, and the ensuing challenges of global power management.
Eaton’s “Open Market Clock†commemorates its 100-year birthday on the New York Stock Exchange
On October 21, 100 years ago, the American inventor Viggo Torbensen and entrepreneur Joseph Eaton co-founded a company that later evolved into today's Eaton . Tobenson and Eaton combined their ideas with each other and developed a unique bearing product that enabled the trucks of the early 20th century to run smoothly on the rugged highways of the era at the time, and to reduce fuel consumption and maintenance. .
In 1915, Eaton moved to Cleveland, Ohio and set it up as a global headquarters. Eaton first listed on the New York Stock Exchange in 1923. From the initial public offering of the stock that year, Eaton distributes dividends to shareholders every year.
Mr. Alexander M. Cutler, Eaton’s chairman and chief executive officer, stated: “Everyone around the world, Eaton employees and their colleagues, customers, and communities in which we work and live are celebrating our centennial. In the past, we are very proud of and look forward to the future. We will continue to give play to our strengths and seek and develop innovative solutions to deal with many of the world's most difficult challenges in power management."
In the past few years, Eaton has developed into a diversified power management company. “Eaton's more than 73,000 employees worldwide are using their professionalism and innovative wisdom to solve one of the biggest challenges of our time, that is, to provide more impetus to promote world development without consuming more earth resources.†said Ke Renjie. .
At Eaton, there are many forms of power management, from improving the energy efficiency of buildings, aircraft, and vehicles to helping large machinery leave fewer carbon footprints on the job. Eaton’s innovative technologies help its customers manage electricity, hydraulics, and mechanical power safely and efficiently while helping control their costs and reduce carbon emissions.
"As with Eaton's founders, we know that we can't make progress in the past," said Ke Renjie. "Every day, Eaton employees are providing safe, effective, and sustainable power management solutions to our customers around the world. â€
Earlier this year, Eaton Corporation published a book entitled "Commercial Motivation: Eaton's First 100 Years," written by Jeffrey Rodengen, which summarizes Eaton’s continued development as a global power manager. Solutions Lead the company's journey. This book is available at the Amazon Bookstore and chronicles how Eaton transformed from an original vehicle parts supplier and expanded into a leading power management solution provider active in the electrical, aerospace, and hydraulic markets. story.
When talking about the development and diversification of Eaton, the book wrote: "Since the 1960s, Eaton began to implement acquisitions on a global scale, striving to build its own international reputation and image." The author also said: “Eaton’s business acquisition and integration capabilities have continued to increase over time. In the present century, Westinghouse acquired transmission and distribution and control businesses, and Muller and Fiberrsys are good examples.†These businesses now belong to Electrical business. Eaton also acquired Aeroquip-Vickers, a major manufacturer of hoses, connectors and industrial hydraulics. In the aerospace business, Eaton acquired Cobham's fluid and air business unit, PerkinElmer’s aerospace business, and Argo-Tech. .
Eaton is continuously expanding its global business. Currently, 55% of the company's business comes from markets outside the United States. The book mentions that Eaton’s management recognizes that accelerating the pace of decision-making and maintaining agile actions “will increase the enthusiasm of local management and empower them to make rapid business decisions to respond quickly and effectively to the needs of local customers.â€
As Eaton enters a new century, Ke Renjie looks forward: “Our strategy has proven to be effective. Our development momentum and acceleration continue to increase. Our products are in great demand in the market. Our global team has the same goal. , focus on hard work and full of energy, full of confidence in Eaton’s future.â€
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