Eaton eyes $1b from China

Eaton Corporation, the world's second largest maker of hydraulic equipment, is looking to further tap into China's infrastructure sector despite the recent global financial downturn.

"We believe that China's expanding infrastructure is a priority for its economic growth, which will continue for many years to come," said Alexander M. Cutler, chairman and CEO of Eaton.

The US-based company first entered China in 1993 and has grown its business to include 27 manufacturing sites and more than 11,000 employees in the country.