ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Eaton’s Changzhou Smart Factory Selected to Join the World Economic Forum’s Global Lighthouse Network

Intelligent power management company Eaton (NYSE: ETN) announced today its smart factory in Changzhou, China, has been recognized as a Lighthouse by the World Economic Forum (WEF). Launched in 2018, the Global Lighthouse Network recognizes and awards only the most advanced manufacturing sites worldwide who have achieved exceptional performance in productivity, supply chain resilience, customer centricity, sustainability and talent. Honored for distinction in customer centricity, the company’s Changzhou smart factory joins a network of only 201 Lighthouses globally.

In operation for nearly two decades, the Changzhou site has digitalized its operations for increased efficiency and cost reduction while managing 164,000 SKUs and 5,000 new designs each year as an engineer-to-order business. Deploying industry 4.0 technologies like artificial intelligence, simulation, robotics, generative artificial intelligence and digital twin technology have helped shorten design cycles and improve productivity. These efforts have improved lead time by 39%, efficiency by 50% and revenue by 129% – all without adding headcount.

“We commend the Changzhou team for this recognition by the World Economic Forum,” said Craig Sutton, vice president, Industry 4.0 at Eaton. “Our ongoing commitment to implementing advanced technologies that enhance efficiency and productivity while modernizing our manufacturing footprint is reflected in this accomplishment. The recognition, along with significant improvements in lead time, efficiency and revenue at the Changzhou site is a testament to the team’s dedication and commitment.”

Changzhou was one of Eaton’s first smart factories announced in 2024. Since then, nine smart factories have been added across Brazil, China, Europe, Mexico and the United States as part of the company’s Industry 4.0 initiative.

Find out more about Industry 4.0 at Eaton here.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.

Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  233.88
+0.66 (0.28%)
AAPL  283.10
+4.25 (1.52%)
AMD  219.76
+2.23 (1.03%)
BAC  53.24
-0.41 (-0.76%)
GOOG  315.12
-5.00 (-1.56%)
META  640.87
-7.08 (-1.09%)
MSFT  486.74
-5.27 (-1.07%)
NVDA  179.92
+2.92 (1.65%)
ORCL  200.94
-1.01 (-0.50%)
TSLA  430.14
-0.03 (-0.01%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.