Power management company Eaton has been named one of the World’s Most Admired Companies by FORTUNE magazine in 2019.
FORTUNE’s list of the World’s Most Admired Companies is based on company surveys and peer ratings from top executives, directors and members of the financial community. They rate enterprises in their own industries on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.
“The past year was fruitful for Eaton on all fronts, contributing to the company’s inclusion in this prestigious list of leading global organisations,” says Seydou Kane, Eaton Africa Managing Director.
“We made significant headway in innovation, social investment and business growth, in the face of a stagnant economy.”
Eaton Africa launched its microgrid facility at the company’s Wadeville, Johannesburg campus, which powers the world-class manufacturing facility and regional headquarters.
“The microgrid will be an important driver towards a resilient, cost-effective power future for Africa,” Kane says.
“It forms an integral part of our mission to improve people’s lives on the continent through power security and stimulation of infrastructure development, where a substantial portion of our business will come from.”
“Our focus going into 2019 remains in growing strongly in commercial buildings construction, power utilities and solar energy, with microgrids playing a key role in our mission to extend our reach across the continent from our hubs in South Africa, Morocco and Nigeria,” says Kane. “Overall sales performance in 2018 was solid, and we are confident that we can match and even surpass this performance in 2019.”