PR97320

ATLANTA, Aug. 3, 2022 /PRNewswire=KYODO JBN/ --

Essex Furukawa Magnet Wire today released its first annual Sustainability

Report, as well as announced its Carbon Reduction targets in association with

Vision 2030. The report was created to show accountability and progress toward

Vision 2030: A Sustainable Future, Our Driving Force and will be released

annually going forward. Also included in the report are results and goals for

achieving Zero Waste to Landfill at manufacturing facilities, Energy Reduction,

and Renewable Energy targets.

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Vision 2030 was created with three core values—Disruptive Innovation, Green

Production, and Agile Digitization—designed to be foundational building blocks

that will help Essex Furukawa change the magnet wire industry for the better.

The report, according to CEO Daniel Choi, is part of holding the company

accountable to the goals that it has publicly set.

"The level of transparency shown in this report reflects the commitment made

when first announcing Vision 2030 in April of last year," Choi said. "Essex

Furukawa will continue to find ways to innovate and manufacture more

efficiently, with less environmental impact, and Vision 2030 outlines our path

to achieving those goals."

The 25-page report covers results from the last year and how they relate to the

holistic approach to sustainability that the company has embraced. It reviews

Zero Waste to Landfill, Energy Reduction, Renewable Energy, and Carbon

Reduction as it relates to Green Production. It also includes how Essex

Furukawa is embracing Disruptive Innovation, and the steps already made in

pursuit of Agile Digitization goals.

Austin Robinson, Sustainability Project Manager for Essex Furukawa, said that

through these consistent communication efforts Essex Furukawa will be able to

establish transparency both internally and externally.

"As we strive to create a sustainable future, we must remain steadfast in

analyzing our data, finding additional solutions, and embracing a leadership

mentality in sharing the results," she said. "We have made tremendous strides

in many areas that are detailed in this report.

"Ultimately, we are very proud of the efforts made and of those that will

continue into the future."

This Vision 2030 journey that Essex Furukawa has set out on does not stop with

this first report. It is just an initial outpost. In releasing our findings

from the last calendar year, we view today's action as an acknowledgment of

what has been done, benchmarking it, and then setting our course of action for

the future. Vision 2030 will lead the next decade with new innovations,

additional developments, and refinements to our process.

About Essex Furukawa Magnet Wire

Essex Furukawa Magnet Wire LLC is the leading, global provider of magnet wire

that is used by most major OEMs, Tier 1 suppliers, and industry leaders in the

automotive, energy, industrial, and commercial & residential sectors. The

Atlanta-based company is a global joint venture formed in 2020 between Essex

Magnet Wire and Furukawa Electric Co., Ltd., both leaders in magnet wire

product development, and custom solutions. The combined entity, relying on the

strengths of both Essex Magnet Wire and Furukawa Electric, draws on more than

two centuries of combined experience and knowledge to push forward innovation

while also remaining focused on delivering manufacturing excellence and

outstanding customer service. essexfurukawa.com

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SOURCE Essex Furukawa Magnet Wire

CONTACT: Scarlett Scudder, CoporateMarketing@EssexFurukawa.com