Superior Essex

Superior Essex and Furukawa Electric are in talks to expand their partnership for high-performance winding wire, targeting Chinese and North American markets. They already have a German joint venture, Essex Furukawa Magnet Wire Europe GmbH.

Superior Essex plans to invest an additional EUR 12 million to double the production capacity of its new Zrenjanin plant to 24,000 tons by 2021.

LS Group's Superior Essex (SPSX) opened a new 14,000-square-meter magnet wire factory in Zrenjanin, Serbia, with an investment of EUR 18.5 million. The plant will produce about 12,000 tons of magnetic wire annually starting in 2019, with plans to double capacity to 24,000 tons by 2021 via an additional EUR 12 million investment.

Essex Europe laid the foundation stone for a new factory in Zrenjanin, Serbia, on March 14, 2018. The EUR 30.4 million facility will produce enameled copper wires and create over 150 jobs.

Axalta Coating Systems has made a binding offer to acquire the European and Chinese operations of IVA, a wire enamel manufacturer, from its parent company Superior Essex.

LS Cable (LS전선) announced it will acquire a power cable plant in Tabor City, North Carolina from its affiliate Superior Essex (SPSX) for $24.6 million, establishing a U.S. production subsidiary. The plant produces medium- and low-voltage cables.

Axalta Coating Systems entered an agreement to acquire the Spencer Coatings Group, a manufacturer of high-performance industrial coatings.

Essex Magnet Wire (a division of Superior Essex Inc.) and Furukawa Electric Co., Ltd. announced their intent to form a joint venture in Bad Arolsen, Germany, to supply high-voltage winding wire to the automotive industry in Europe. The joint venture will be named Essex Furukawa Magnet Wire Europe.