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.
Superior Essex (MM) (NASDAQ:SPSX)
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