Magnet wire manufacturers Superior Essex and Furukawa Electric are mulling a collaboration deal to expand their footprints in China and North America through some sort of joint venture operations. No details have been announced but if indeed they strike a deal it could be similar to their setting up of a European joint venture in 2017, called Essex Furukawa Magnet Wire Europe GmbH.
That deal led to the establishment of a high voltage winding wire facility located in an existing Superior Essex plant in Bad Arolsen, Germany. Based on an enameled rectangular wire over-coated with extruded resin, the high-voltage wire targets the automotive industry affording it new opportunities to downsize motors and increase efficiency for electric vehicles.
The companies revealed in late May that new talks were underway but a deal had not been struck. The collaboration would likely involve sharing of both technology and distribution capabilities. Furukawa Electric has pioneered the development of high-performance winding wire for the manufacture of automotive electric motors, generators and reactors. Superior Essex operates 12 global manufacturing sites as well as its world-wide sales and distribution network.