Ferroglobe, a major producer of ferrosilicon used in the production of electrical steel, reports that its business has rebounded from the plummet it experienced last year at the peak of the Covid-19 pandemic. Red ink […]
Carpenter Technology Corporation is raising its base prices from six to nine percent on new, non-contract orders across all specialty alloy products. Separately, the company reported continued, albeit reduced, losses of $40 million in its […]
Researchers at Toshiba Corporation have developed a new magnetic material that delivers major improvements in motor efficiency at minimum cost, and with the potential to win significant reductions in power consumption. It has been found to greatly boost motor energy conversion efficiency when it is used as the wedges in the motor, particularly in medium to large induction motors. The material can be installed at minimal cost with no need for design changes. […]
Ferro Corporation, formulator of ferrite coatings and conductive pastes for inductors, is planning to sell for $2.1 billion to Prince International Corporation, a portfolio company of American Securities, in an all-cash transaction. The deal was announced […]
Ridgway Machines, a manufacturer of precision taping and coil winding equipment, has relocated to a new, expanded headquarters and production facility in Leicester, UK. The premises accommodate the company’s recent growth including important new orders and […]
Vacuumschmelze has recently made important advancements in its capabilities for producing permanent magnetic material and components. In April, the company achieved certification to aerospace and defense standards for its permanent magnets, adding to its longstanding […]
Neo Performance Materials, considered a bellwether for the health of the magnetics industry and market, rebounded strongly from the Covid-19 slump in the most recent quarter with a gain of 44% in revenue over the […]
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