Essex Magnet Wire opens new $34M facility in Serbia

Serbia, Zrenjanin: Essex Magnet Wire, a Superior Essex company, has announced opening of a new magnet wire plant in Zrenjanin, Serbia, an energy-efficient greenfield facility equipped to reach the highest standard in the application of the Industry 4.0 process, the company stated in the press release.

The Serbian plant is a $34 million (€30 million) investment focusing on the production of round enamelled copper wire.

“The new facility is the product of the Essex commitment to sustainability and a highly-qualified, dedicated workforce. We look forward to the success of this facility with the opportunities and accessibility it will provide for customers in the region,” said Brian Kim, CEO, Superior Essex.

Source: Superior Essex

Related News