Superior Essex
Superior Essex, a global leader in the wire and cable industry, recently acquired full ownership of Essex Furukawa Magnet Wire and plans to relaunch its magnet wire business in 2024. The company operates facilities in Japan and Malaysia and is committed to sustainability and market demands in the xEV automotive, power, electrification, and renewable energy sectors.
Company History
Superior Essex has established itself as a global leader in the wire and cable industry. A major milestone for the company was the acquisition of the remaining minority interest in Essex Furukawa Magnet Wire from Furukawa Electric, making Superior Essex the sole owner. This strategic move will lead to the relaunch of its magnet wire business under a new company name in 2024. Superior Essex's commitment to growth and leadership in the industry is marked by its historical ties and continuous investment in its global operations.
Magnet Wire Facilities
Superior Essex operates magnet wire facilities in Japan and Malaysia, which were contributed by Furukawa Electric in October 2020. These facilities are integral to manufacturing high-quality magnet wire products. Superior Essex aims to meet the increasing demands of various sectors including the xEV automotive industry, power, electrification, and renewable energy markets. These strategic locations enhance the company’s ability to provide specialized products and services to a broad customer base.
Commitment to Sustainability
Superior Essex is actively pursuing decarbonization and sustainability initiatives, reflecting its commitment to environmental responsibility. By focusing on reducing its carbon footprint and maintaining stringent safety and environmental standards, the company aligns itself with global efforts towards sustainability. IVA Enamels, a subsidiary under Superior Essex, has been recognized for outperforming 80 other chemical companies in Changzhou, China, in safety and environmental standards, further emphasizing the company’s dedication to sustainable and safe production practices.
Global Workforce
Superior Essex employs over 3,000 individuals across 11 countries on three continents. This diverse and extensive workforce is a testament to the company's global reach and operational scale. The presence in multiple regions facilitates the company’s ability to cater to a wide range of market demands across different sectors, from automotive to renewable energy. The dedicated employees are fundamental to Superior Essex's continued success and industry leadership.
IVA Enamels Recognition
IVA Enamels, part of Superior Essex, has been recognized by the Changzhou Municipal People’s Government of China as a 'Major Chemical Monitoring Site'. The site has achieved a remarkable safety production record of Zero Accident Days for over 1,436 days. This recognition highlights IVA Enamels’ commitment to maintaining high safety and environmental standards, outperforming 80 other chemical companies in Changzhou city. This achievement underscores Superior Essex’s broader commitment to outstanding operational practices.