# Superior Essex opens magnet wire plant in Zrenjanin, Serbia

LS Group's Superior Essex (SPSX) opened a new 14,000-square-meter magnet wire factory in Zrenjanin, Serbia, with an investment of EUR 18.5 million. The plant will produce about 12,000 tons of magnetic wire annually starting in 2019, with plans to double capacity to 24,000 tons by 2021 via an additional EUR 12 million investment.

- Type: New facility
- Announced: 2018-11-30
- Where: Zrenjanin, Serbia, Serbia
- Value: $21.0M (18.5M EUR)
- Starts operating: 2019
- Status: completed
- Capacity: 12,000 tons per year (initial), 24,000 tons per year (planned by 2021)
- Products: magnetic wire (winding wire)
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Superior Essex](https://endata.com/companies/19751.md)
- [LS Corp](https://endata.com/companies/16131.md) (partner)

## Sources

- [koreatimes.co.kr](https://www.koreatimes.co.kr/business/companies/20181130/ls-groups-spsx-opens-new-plant-in-serbia), 2018-11-30: "SPSX added a new manufacturing base in Eastern Europe, which is an emerging market, to seek further development."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.