Month: September 2019

Materials/Manufacturing

Miba Nears EUR 1 Billion Goal While New Soft Magnetic Powders Achieve High Power Density in Prototype e-Mobility Vehicles

September 10, 2019 Editorial Staff Comments Off on Miba Nears EUR 1 Billion Goal While New Soft Magnetic Powders Achieve High Power Density in Prototype e-Mobility Vehicles

Miba AG, the Austrian-based manufacturer of sintered metal parts and a leading developer of soft-magnetic powder pressed parts for electrical drive systems and traction engines, showed strong financial results again in fiscal year 2018–2019, moving closer to its goal of […]

Materials/Manufacturing

Neo Performance Materials Purchases Samag Magnet Manufacturing Facility near Shanghai; Reports Lower Revenues for First Half of 2019

September 10, 2019 Editorial Staff Comments Off on Neo Performance Materials Purchases Samag Magnet Manufacturing Facility near Shanghai; Reports Lower Revenues for First Half of 2019

Neo Performance Materials Inc. has acquired a magnet manufacturing plant near Shanghai for $9.7 million where it will produce compression molded magnets using its Magnequench Neodymium-Iron-Boron (NdFeB) powders. Separately, the company reports that it experienced an […]

Materials/Manufacturing

Hoganas Sustainability Efforts Achieve 83% Use of Side Streams Globally; Plans Expansion at North America Facility

September 10, 2019 Editorial Staff Comments Off on Hoganas Sustainability Efforts Achieve 83% Use of Side Streams Globally; Plans Expansion at North America Facility

Hoganas, a producer of iron and metal powders including soft magnetic alloys, reports that its innovative sustainability efforts are achieving 83% use of side stream materials at its facilities worldwide, also that it is adding new […]

Magnetics/Assemblies

Mechatronics Supplier Brose Reports Weakening Global Automotive Business, Appoints New President for North America and Plans Major Investments

September 10, 2019 Editorial Staff Comments Off on Mechatronics Supplier Brose Reports Weakening Global Automotive Business, Appoints New President for North America and Plans Major Investments

Brose Group, one of the world’s largest mechatronic suppliers to the automotive industry, reports a recent slowdown in business as it lays the groundwork to combat a 7% reduction in its latest half-year. In other news, the […]