US manufacturer Eaton aims to double its fast-growing aerospace division to $2.4 billion through a series of new acquisitions. “We have a challenge to double Eaton Aerospace within five years,” says the company’s vice-president of sales and marketing Einar Johnson. In particular, it is looking to grow its small Asian operation – currently an engineering centre in India and a manufacturing facility in Indonesia. Johnson says the aerospace division plans to expand its foothold in the fast-growing Asian market, in particular with local aerospace manufacturers, by using the resources of other Eaton divisions. Eaton plans to open more manufacturing sites in Asia over the next few years to better support original equipment manufacturer customers.
Source: Flight International