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Fort Wayne, Indiana (July 22, 2020) – Essex Magnet Wire, the largest global manufacturer of magnet and winding wire, was recognized with a 2019 Business Partner of the Year Award from DENSO, the world’s second largest mobility supplier, during DENSO’s annual North America Business Partner Convention on Wednesday, July 22, 2020. Held virtually this year for the first time, the Convention brought together more than 150 supplier representatives from across North America for DENSO to recognize 14 exceptional business partners.
Essex was among a select group of recipients to be awarded by DENSO. Baber Inayat, President of Essex Magnet Wire North America, said that being recognized by DENSO, was only possible, thanks to a strong team effort by dedicated employees at Essex.
“Essex is honored and humbled to receive such a prestigious award from DENSO,” Baber Inayat said. “With its business keenly focused on quality, continuous improvement and innovation, DENSO has tremendously helped make Essex a Global supplier partner.
“Being awarded this distinction from DENSO speaks volumes to what we are trying to accomplish with Essex Magnet Wire.”
In its fifth year, DENSO’s Business Partner of the Year Awards are given to companies that demonstrate outstanding performance, a deep commitment to exceptional quality and a willingness to collaborate in advancing automotive products, services and technologies Essex has been proud to participate in 30 years of supplying DENSO with magnet wire and insulation in North America, Europe, Asia and Japan.
“DENSO’s business partners are crucial to our success. Never has that been more evident than this year as we faced a global pandemic,” said Kenichiro Ito, senior executive officer of DENSO Corporation and chief executive officer of DENSO’s North American headquarters. “Nearly every major vehicle make and model depends on DENSO for the highest-quality products and systems, so it’s crucial we partner with like-minded companies that share our vision for the future of mobility. We’re are proud to work with businesses like Essex who are committed to advancing automotive innovation no matter the obstacles.”
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 costumer challenges into the future. For more information, visit, https://essexwire.com
DENSO is a $47.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in worldwide 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.9 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2020. For more information about global DENSO, visit https://www.denso.com/global.
In North America, DENSO is headquartered in Southfield, Michigan, and employs 27,000+ engineers, researchers and skilled workers across 51 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,700+ employees across 14 states (and the District of Columbia) and 41 sites. In fiscal year ending March 31, 2020, DENSO in North America generated $10.9 billion in consolidated sales. DENSO is committed to advancing diversity and inclusion inside the company and beyond – a principle that brings unique perspectives together, bolsters innovation and pushes DENSO forward. Join us, and craft not only how the world moves, but also your career: www.densocareers.com. For more information, go to https://www.denso.com/us-ca/en/.