Materials/Manufacturing

Neo Performance Materials To Expand NdFeB Magnet Manufacturing Capacity In Response To Increasing Demand

Neo Performance Materials Inc. announces that, due to increased demand, its Magnequench segment intends to significantly expand its capacity to produce compression-molded NdFeB (“neodymium-iron-boron”) magnets and assemblies, used in the automotive, electronics, home appliance and […]

Materials/Manufacturing

Electrical Steel Maker voestalpine Reports Big Hit from Pandemic but Signs of Recovery as Lockdowns Ease

A massive meltdown in demand for its steel and metal products in almost all countries and sectors due to Covid-19 is reported by voestalpine Group for the three months ending June 30. A key provider of electrical […]

Materials/Manufacturing

Neo Performance Materials Reports 23% Decline in Magnequench Business Due to Pandemic; SAMAG Acquisition Doing Well, says New CEO

Victimized by the global pandemic, business dropped 23% in the first six months of this year for the Neo Magnequench business unit of Neo Performance Materials, widely considered a bellwether of the magnetic materials industry. Revenues for Magnequench dropped to $68.8 million from $89 […]

Magnetics/Assemblies

ZF Sees Sustained Decline in Traditional Auto Business but Acceleration of Shift to Electric Drivetrains

Looking like a standard bearer for top-tier automotive suppliers, ZF is slowly recovering from a staggering drop in business due to Covid-19 while steering a path toward greater use of magnets and magnetic technology as it retools […]