Essex and Furukawa Forge Joint Venture for Global Magnet Wire Business
Essex Magnet Wire and Furukawa Electric Co., Ltd. have reached agreement on the framework of a joint venture that will combine nearly all their magnet wire operations into a single global powerhouse. A key motivation is to create a single brand that can serve the automotive industry’s growing need for magnet wire to electrify its power trains at manufacturing plants spread around the world.
YASA Rides Axial-Flux Motor Success with Fresh Funding and Ferrari Deal
Automotive headwinds are buffeting magnetics technology company Kendrion which reports an 8% decline in revenues for the first half of 2019. Kendrion, whose company motto is “we magnetize the world”, attributes the decline to weakness in the automotive business particularly affecting its units that serve manufacturers of passenger cars.
PulseR Ruggedized Solutions Celebrates New Headquarters in Pennsylvania
PulseR Ruggedized Solutions, a manufacturer of magnetic components for aerospace, military and other industries, held a grand opening ceremony recently to celebrate the opening of its new headquarters facility in Bristol, PA.