Essex and Furukawa forge joint venture for global magnet wire business

Essex Magnet Wire (Superior Essex) and Furukawa Electric agreed to combine nearly all their magnet wire operations into a joint venture named Essex Furukawa Magnet Wire, LLC, expected to close by April 2020.

“A key motivation is to create a single brand that can serve the automotive industry’s growing need for magnet wire to electrify its power trains.”magneticsmag.com

• 1 source
• magneticsmag.comEssex and Furukawa Forge Joint Venture for Global Magnet Wire Business - Magnetics MagazineEditorial StaffSep 30, 2019

Summarized from public sources; check the original articles before acting on it.