Superior Essex To Acquire Lacroix + Kress GmbH from Mutares
ATLANTA, GA – Superior Essex Inc. has signed an agreement to purchase Lac...
Fort Wayne, Indiana — Essex Magnet Wire, the largest global manufacturer of magnet and winding wire, was honored with a 2017 North American Supplier of the Year Award from DENSO, a leading global automotive supplier that is shaping the future of mobility. Essex received the Diamond Award, the highest honor DENSO bestows on any supplier. It recognizes the exceptional contributions Essex has made to the quality, service, innovation and value DENSO provides to its customers.
“We are grateful for this award and will strive to improve our performance with DENSO globally in the future, including emerging applications for hybrid/electric vehicles and autonomous driving,” said Baber Inayat, Vice President of the Automotive Business Unit for Essex. “I’d also like to recognize the special contribution by the Active fabrication business of Essex Brownell in generating substantial value engineering savings for DENSO.”
Now in its third year, DENSO’s Supplier 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 supplies magnet wire and insulation to DENSO in North America, Europe, Asia and Japan.
“DENSO’s products and systems are an important part of nearly every major vehicle make and model around the world. Suppliers like Essex are instrumental to our continued success as we work toward creating a future of mobility that is safer, sustainable and more convenient for everyone,” said Tom Metevier, Senior Manager of North American Purchasing for DENSO. “Together in 2017, Essex and DENSO achieved substantial savings on magnet wire and insulating materials through value engineering activities. The overall product quality and performance was maintained or improved, but with significantly lower costs.”
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, https://essexwire.com
About Denso CorporationM
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 220 subsidiaries in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to denso.com, or visit our media website at denso.com/global/en/news/media-center