Eaton Electrical Group Signs Authorization Agreement with Zhenjiang Klockner-Moeller Electrical Systems

Date: October 19, 2015

Zhenjiang…Power management company Eaton today announced that its Electrical Group entered into an agreement with Zhenjiang Klockner-Moeller Electrical Systems Co, Ltd (hereinafter referred to as ZKM), continuing to authorize ZKM to manufacture and sell the MODAN6000 electric cabinets, which extend their cooperation to the year of 2025. The announcement came at the signing ceremony held at Yangzhong Grand Hotel in Zhenjiang with the participation of top managements from both sides.

The signing of the agreement marks the continuation of a long-term strategic cooperation and development between the two sides. Through the cooperation, Eaton and ZKM will make full use of the resource advantages of each other, thus broaden sales channels and improve profitability.

 “As part of our ‘In China, For China’ strategy, Eaton highly values the cooperative relationships with our local partners. ZKM plays an important role in our localization strategy in China, and we are seeking for opportunities to take ZKM as a model for our further cooperation with Daqo Group, the corporate group to which ZKM belongs and a leading corporation in China electrical industry. ” Said Liu Jinli, Senior Vice President of Eaton Electrical Distribution Business.

Over the past few years, the in-depth cooperation between Eaton and ZKM has witnessed fruitful achievements. “The cooperation mode could be diversified. Apart from the product strategy in which we combine our remarkable product with their sales channels, we are also thinking about the possibility to expand the cooperative relationships between us to other subsidiaries that belong to the Daqo group.” Mr. Liu added.

Zhenjiang Klockner-Moeller Electrical Systems Co, Ltd (referred to as ZKM) is a subordinate company belongs to Daqo Group, specializing in manufacturing low voltage electrical distribution products. ZKM generated revenue of more than of 1.2 billion yuan in 2014 and has around 1,000 employees. Its customers include Chairman MAO Memorial Hall, Guangzhou Baiyun Airport, National Grand Theatre, urban metro construction project, etc.

Eaton’s electrical business is a global leader with expertise in power distribution and circuit protection; backup power protection; control and automation; lighting and security; structural solutions and wiring devices; solutions for harsh and hazardous environments; and engineering services. Eaton is positioned through its global solutions to answer today’s most critical electrical power management challenges.
 

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Eaton is a power management company with 2014 sales of $22.6 billion. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com.