High-voltage Rectangular Magnet Wire Takes First Place in the Innovation Award
- Contributing to the Electrification of European Automobiles -
Along with the chemical producer Solvay, Essex Furukawa Magnet Wire Europe GmbH, a joint venture between Furukawa Electric Co., Ltd. and US-based Superior Essex, took first place in the Powertrain Category of the 2017 Magna Innovation Award for the high-voltage rectangular magnet wire (hereafter, HVWW) developed by Furukawa Electric.
With the recent increase in demand throughout the world to electrify automobiles, both automotive manufacturers and parts manufacturers in Europe have been driving the development of high-power motors.
Developed by Furukawa Electric, HVWW is an enameled rectangular wire that is coated with extruded engineering plastic, such as PEEK, and with its far superior properties will contribute significantly to the improved performance of EV and other products. Having taken first place in the 2017 Magna Innovation Award, HVWW will also contribute to the electrification of European vehicles.
Magna International Inc. Overview
With 335 manufacturing sites and 96 product development, engineering, and sales centers in 28 countries, Magna is a leading global automotive parts supplier. Magna’s more than 168,000 employees are focused on delivering superior value to their customers through innovative processes and world-class manufacturing.
About Furukawa Electric Group
Furukawa Electric (TSE; 5801, ISIN; JP3827200001) Group started business in 1884, when its copper-smelting facility and wire manufacturing factory was established. Since then Furukawa Electric has become pioneers in the latest technologies by addressing diverse technological issues. Furukawa Electric has released products in a number of areas, including telecommunications, electronics, automobiles, and construction, with the three types of materials it works with at their core, namely, optics, plastics, and metals. Many of these products have attained the top global market share, and all of its products have contributed to society in numerous business areas. Furukawa Electric reported consolidated revenues of JPY 843.3 billion (approximately USD 7.8B) for the fiscal year ended March 31, 2017.