Market Overview

Eaton Announces Deal with Sadara Chemical Complex for Electrical Equipment

Related ETN
Barron's Recap: What's Next For ETFs?
Morning Market Gainers
The Parade of Weak Earnings Reports Continues - Earnings Preview (Zacks)

Diversified industrial manufacturer Eaton (NYSE: ETN) has entered into an agreement with Sadara Chemical Company (Sadara), a joint venture between Saudi Aramco and The Dow Chemical Company, to supply motor control, power distribution solutions and engineering services.

Under the multimillion dollar agreement, Eaton will provide equipment and services to enhance the overall reliability and safety of Sadara's world scale, fully integrated chemical complex currently under construction in Jubail Industrial City, Saudi Arabia.

The Sadara complex will be the world's largest integrated chemical facility ever built in a single phase. It will produce more than three million metric tons of value added chemicals and plastics to serve the rapidly expanding energy, transportation, infrastructure and consumer products sectors.

Posted-In: News Contracts


Related Articles (ETN)

Around the Web, We're Loving...