Superior Essex To Acquire Lacroix + Kress GmbH from Mutares
ATLANTA, GA – Superior Essex Inc. has signed an agreement to purchase Lac...
Essex Group Inc. announces plans to expand its round magnet wire/winding wire manufacturing capability to Eastern Europe. This new greenfield plant will be located in Serbia and provide global OEM’s with the same high quality magnet wire/winding wire that they purchase today from the Essex facilities in 7 countries across 3 continents.
With the addition of this new facility in Serbia, Essex makes it ever easier for global manufacturers to seamlessly source magnet wire for all of their assembly facilities. This location compliments the Essex Europe plants in Germany and Italy plus brings local service to nearby manufacturers of electric motors and coils for the automotive and commercial & residential markets.
“At Essex, we are making it easier for global customers to grow and transfer their Essex magnet wire products wherever they are needed. With this new plant in Serbia, we demonstrate our commitment to servicing our customers in Europe and beyond.” — Brian Kim, CEO, Superior Essex.
Customers may expect to receive service from this facility starting in the 4th quarter of 2018.
About Essex Group, Inc.—a Superior Essex Inc. Company
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://essexwire.com