Essex Group, Inc.’s Magnet Wire Division Acquires Malaysia Magnet Wire Facility
Acquisition Brings World-Class Magnet Wire to Southeast Asia Automakers and Tier 1 Suppliers
Fort Wayne, IN, June 1, 2017 – Effective today, the magnet wire division of Essex Group, Inc. (a Superior Essex company) acquired the Penang, Malaysia magnet wire facility previously operated by LS Cable & System. The Malaysia magnet wire facility will expand the global footprint of Essex into Southeast Asia and will be referred to as Essex Malaysia. This acquisition brings Original Equipment Manufacturers (OEMs) operating in Southeast Asia local access to Essex magnet wire products, technology, and services.
“Combining our strong track record of product development and global product transfer with the Malaysia facility’s location and dedicated personnel, Essex Malaysia can now bring the world-class quality Essex magnet wire products to the automotive, energy, and industrial manufacturers in Southeast Asia.” — Brian Kim, CEO, Superior Essex.
For the expanding Southeast Asia automotive supply market, Essex brings the dedicated focus and strong technology development expertise of its Automotive Strategic Business Unit, directed by Baber Inayat, to Essex Malaysia.
“With the addition of Essex Malaysia, we bring the perfect combination to Southeast Asia’s automotive supply market. The Essex global automotive technology team helping automakers develop new applications and then working closely with Essex Malaysia to provide seamless, local delivery of these market-leading, high quality magnet wire products.” — Baber Inayat, Vice-President, Essex Automotive Business Unit.
Essex is the largest global supplier of magnet wire with facilities in Europe, North America, China, and now Southeast Asia. OEMs with facilities in North America, Europe, or China, can now easily transfer their Essex magnet wire requirements to their facilities in Southeast Asia. For larger OEMs, the Essex global footprint spanning multiple regions delivers a proven, reliable risk mitigation strategy.
About Essex Group, Inc.—a Superior Essex Inc. Company
Superior Essex Inc. manufactures and distributes copper and aluminum wire and cable products that power and connect everything from homes and data centers to electric vehicles and mobile devices. For over 85 years, Superior Essex has been serving the magnet wire/winding wire, communications and related distribution markets.
Its Essex subsidiary holds top market share in North America and Europe providing the automotive, industrial, energy and commercial and residential markets with seamless delivery and service from facilities in seven countries.
Dedicated to resolving customer’s challenges while positively impacting our communities worldwide, Superior Essex, and its divisions, continue to push boundaries in technology, sustainability, and innovation. For more information, visit superioressex.com.Download Corporate Brochure