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Essex Magnet Wire announces the opening of a new greenfield facility in Zrenjanin. The groundbreaking of the facility took place in March of this year and has already produced its first spool of magnet wire six (6) months later in September. Superior Essex and LS Group leaders were in attendance also joined by the President of the Republic of Serbia, President of the Provincial Government, and the Mayor of Zrenjanin.
The new Serbian facility will be one of the most energy-efficient magnet wire plants in Europe thanks to the Essex standards of sustainable development and optimized, cutting-edge production. The facility is equipped with state-of-the-art digital technology to reach the highest standard in the application of the Industry 4.0 process.
The Serbian plant, is a EUR 30 million investment, focusing on the production of round enameled copper wire, serving as a flagship for global manufacturing. It complements our other European locations in Germany and Italy, while providing customers with the same high-quality magnet wire currently produced in all of our Essex facilities worldwide.
“The new facility is the product of the Essex commitment to sustainability and a highly-qualified, dedicated workforce. We look forward to the success of this facility with the opportunities and accessibility it will provide for customers in the region,” says Brian Kim, CEO, Superior Essex.
About Essex Magnet Wire — a Superior Essex 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, essexwire.com.
Press Contact: Predrag Mijatović
+381 23 600050