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Fort Wayne, IN — Effective today, the magnet wire division of Essex Group, Inc. (a Superior Essex company) acquired the Penang, Malaysia magnet wire facility previously operated by LS Cable & System. The Malaysia magnet wire facility will expand the global footprint of Essex into Southeast Asia and will be referred to as Essex Malaysia. This acquisition brings Original Equipment Manufacturers (OEMs) operating in Southeast Asia local access to Essex magnet wire products, technology, and services.
“Combining our strong track record of product development and global product transfer with the Malaysia facility’s location and dedicated personnel, Essex Malaysia can now bring the world-class quality Essex magnet wire products to the automotive, energy, and industrial manufacturers in Southeast Asia.” — Brian Kim, CEO, Superior Essex.
For the expanding Southeast Asia automotive supply market, Essex brings the dedicated focus and strong technology development expertise of its Automotive Strategic Business Unit, directed by Baber Inayat, to Essex Malaysia.
“With the addition of Essex Malaysia, we bring the perfect combination to Southeast Asia’s automotive supply market. The Essex global automotive technology team helping automakers develop new applications and then working closely with Essex Malaysia to provide seamless, local delivery of these market-leading, high quality magnet wire products.” — Baber Inayat, Vice-President, Essex Automotive Business Unit.
Essex is the largest global supplier of magnet wire with facilities in Europe, North America, China, and now Southeast Asia. OEMs with facilities in North America, Europe, or China, can now easily transfer their Essex magnet wire requirements to their facilities in Southeast Asia. For larger OEMs, the Essex global footprint spanning multiple regions delivers a proven, reliable risk mitigation strategy.
About Essex Magnet Wire
Essex Magnet Wire is the leading, global provider of magnet wire that is used by most major original equipment manufacturers (OEMs) and industry leaders in the automotive, energy, and industrial sectors. Essex Magnet Wire has facilities in 11 countries, on three continents, and operates its business to act globally but serve locally. Having 90 years of experience allows Essex Magnet Wire to deliver innovation that customers demand while being vertically integrated in the manufacturing process to ensure quality and provide seamless delivery services from distribution centers around the world. The Essex MagForceX® Innovation Center is furthering technological advancements in magnet wire through research and development that will provide custom solutions to customer challenges into the future. For more information, visit, https://essexfurukawa.com