# LS Group and Furukawa Electric form magnet wire joint venture Essex Furukawa Magnet Wire

LS Group's Superior Essex and Furukawa Electric will form Essex Furukawa Magnet Wire LLC, with SPSX holding 61% and Furukawa 39%. The joint venture, headquartered in Atlanta, will focus on magnet wire technologies for electric vehicles.

- Type: Acquisition
- Announced: 2019-09-27
- Where: Atlanta, United States
- Status: announced
- Products: magnet wire
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Superior Essex](https://endata.com/companies/19751.md)
- [LS Corp](https://endata.com/companies/16131.md) (investor)
- [Furukawa Electric](https://endata.com/companies/17643.md) (partner)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20190927006200320), 2019-09-27: "Superior Essex Inc. (SPSX), a U.S. cable manufacturer which LS Group bought in 2008, and Furukawa Electric will form Essex Furukawa Magnet Wire LLC."

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