Superior Essex European Subsidiary Enters into Discussions for Potential Closure of European Magnet Wire Facility
13 Marzo 2008 - 8:00PM
Business Wire
Superior Essex Inc. (NASDAQ: SPSX) today announced that its French
subsidiary, Essex SAS, has initiated discussions with the
appropriate employee representative bodies for the potential
closure of its magnet wire manufacturing facility in Chauny,
France. The Chauny facility currently has approximately 130
employees. The Company previously announced in January 2008 the
consolidation and restructuring of its North American Magnet Wire
configuration, which is part of a continuing initiative to develop
the most cost-efficient worldwide manufacturing network to serve
its global customer requirements. This action involved the phased
closure of its Vincennes, Indiana facility in conjunction with the
expansion of its Franklin, Tennessee and Torreon, Mexico
facilities. About Superior Essex Superior Essex�Inc., a FORTUNE
1,000 company, is one of the largest wire and cable manufacturers
in the world. The Company manufactures and supplies a broad
portfolio of wire and cable products for the Communications,
Energy, Automotive, Industrial, and Commercial/Residential
end-markets. It is a leading manufacturer of magnet wire,
fabricated insulation products, and copper and fiber optic
communications wire and cable. It is also a leading distributor of
magnet wire, insulation and related products. Additional
information on the Company can be found on its Web site at
superioressex.com.
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