Essex and Furukawa form global magnet wire joint venture

Essex Magnet Wire and Furukawa Electric have approved a framework for a new global joint venture, Essex Furukawa Magnet Wire, LLC, to focus on electrification of the transportation industry. The venture will combine their magnet wire business operations.

“Today is an exciting day, not only due to the announcement of the Essex Furukawa deal, but also as it marks the creation of a technological powerhouse in the magnet wire industry that can service many of the leading enterprises.”essexsolutions.com

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• essexsolutions.comEssex, Furukawa Joint Venture Improving EV Magnet Wire TechnologyOct 7, 2019

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