Essex Furukawa Magnet Wire joint venture finalized

Superior Essex Inc. and Furukawa Electric Co., Ltd. finalized a global joint venture, forming Essex Furukawa Magnet Wire LLC. The combined company aims to become a global market leader in magnet wire.

“This is an exciting day, not only due to the finalization 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.”prnewswire.com

• 2 sources
• prnewswire.comEssex Furukawa Global Joint Venture FinalizedEssex Furukawa Magnet Wire LLCOct 1, 2020
• magneticsmag.comOn Again: Essex Furukawa New Global Brand for Magnet Wire, Led by Brian Kim - Magnetics MagazineEditorial StaffNov 5, 2020

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