Eaton's U.S. joint venture to invest USD 40 million in valve facilities  [ USA ]

Eaton Corporation plc has announced its U.S. Engine Valve (USEV) joint venture with Nittan Valve Company, Ltd. will invest USD 40 million in engine valve manufacturing facilities in South Carolina and Nebraska over the next five years. The investment will result in the creation of up to 150 new jobs by 2016. Between 2013 and 2017, USEV will invest nearly USD 34 million in a 38,000 square-foot e...