Essex Furukawa Magnet Wire Global Joint Venture
Superior Essex Inc., parent of Essex Magnet Wire, and Furukawa Electric Co., Ltd. finalized a global joint venture that forms Essex Furukawa Magnet Wire LLC. The companies describe this partnership as a unified global magnet wire leader focused on innovation, e‑mobility, and customer support. For background, visit Superior Essex, Essex Magnet Wire, and Furukawa Electric.
Benefits of the Essex Furukawa magnet wire joint venture
The new entity expands on their earlier partnership and now operates as a single global organization. Customers gain broader custom product solutions, cross‑regional sharing of best practices, better service through more shipping points, larger global sales and technical teams, and increased rod and foundry resources with a more diverse innovation team, especially for EV/HEV developments. Together, these synergies position Essex Furukawa as a go‑to global supplier for high‑performance magnet wire.
Market leadership and technology focus
With the joint venture in place, Essex Furukawa aims to lead technology advancements in magnet wire and related systems, hold strong market positions in North America, Europe, Asia, and Japan, and deepen strategic customer partnerships with major OEMs and Tier‑1 suppliers. It also plans to accelerate R&D for electric vehicle (EV) and hybrid (HEV) platforms and other high‑efficiency applications. The company will continue to deliver consistent, high‑quality products while adding advanced technologies tailored for e‑mobility and modern industrial needs.
Contract continuity and industry recognition
The partners confirm that they will honor all existing contracts, so the creation of Essex Furukawa does not change current agreements. Customers should see continuity in supply, service, and quality while gaining access to expanded capabilities and a unified technology roadmap. Earlier this year, Essex Magnet Wire received a 2019 Business Partner of the Year Award from DENSO, the world’s second‑largest mobility supplier, which reinforces the strength and credibility of this joint venture for global mobility and industrial customers.
