# 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.

- Type: Partnership
- Announced: 2019-10-07
- Status: announced
- Products: magnet wire, winding wire
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Furukawa Electric](https://endata.com/companies/17643.md) (partner)
- [Essex Magnet Wire](https://endata.com/companies/22824.md) (partner)

## Sources

- [essexsolutions.com](https://essexsolutions.com/news/essex-furukawa-global-venture-focuses-on-electrification-of-transportation-industry/), 2019-10-07: "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."

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