Eaton Leads Dialogue on Green Transportation and Sustainable Urbanization at Energy Evolution Symposium

Date: June 9, 2011

BEIJING …Green mobility, alternative energy and energy efficiency will be among the topics of discussion at the Energy Evolution: Achieving Sustainable Urbanization in China symposium, presented by diversified industrial manufacturer Eaton Corporation. The half-day event, held in Beijing today, is bringing together business, public-sector and academic leaders to discuss how they can work together to address the great energy challenges.
 
“Eaton adheres to sustainability ever since we started our business in 1911. Today sustainability is uniting environmental interests with corporate interests, and it is no longer a choice but essential for a company,” said Curt Hutchins, President of Eaton Asia Pacific. “Creating an enduring culture of sustainability is fundamentally important to all of us, so Eaton began advancing sustainability in 2008 by hosting the sustainability symposium in China. We are pleased to have been able to create this platform to initiate a high-level discussion on major topics concerning green transportation and sustainable urbanization, two pressing issues as different forces in society collaborate with each other to better navigate rapidly evolving energy-management challenges. “
 
Urbanization in China is taking place at a fast pace and will continue over the next decades.

China’s newly passed 12th Five-Year Plan aims to raise the proportion of China’s population in urban areas above 50 percent. By 2025, it is estimated that China will have roughly 220 cities with a population of more than 1 million.

“China has made sustainable urbanization a major focus for the coming years with more and more cities moving to the forefront of sustainable development,” Hutchins said. “At Eaton we always regard it as a first priority to provide innovative technological answers to the major challenges in energy and power management and help achieve sustainable development. We are bringing our best technologies and solutions in the field of hybrid vehicles, renewable energy, green building and energy efficiency which help contribute to the sustainable urbanization in China.”

Emphasizing Eaton’s sustainability efforts in China, the company also officially issued its China Sustainability Report 2010 today. It is Eaton’s third annual sustainability report in China, introducing Eaton’s achievement in this area and presenting a wide range of Eaton’s innovative green technologies and cooperative projects for China’s sustainable development.

“Sustainability is the basis of the successful China growth strategy at Eaton. As a responsible corporate citizen and one of the key multinational companies actively involved in supporting China’s infrastructure development, Eaton is uniquely positioned to power green and sustainable development and assist our neighbors and communities where we operate and live.” Hutchins concluded.

Eaton began operations in China in 1993 through a joint venture agreement to manufacture steering control units and hydraulic motors in Jining.  Its presence has grown significantly in China through acquisitions, joint ventures and wholly owned subsidiaries.  Currently, Eaton employs a workforce of 10,000 and has 27 operations and 4 R&D centers in China.

Eaton Corporation is a diversified power management company with 2010 sales of $13.7 billion. Celebrating its 100th anniversary in 2011, Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries.