JL Mag has fired up the sintering furnaces at Baotou, its second production location in China. The company is expecting to reach an output of 8,000 metric tons of high-grade neodymium magnets this year at […]
Targeting the growing electric vehicle market and planning for a startup in 2024, ArcelorMittal is expanding its production in Europe of electrical steel with the addition of a new plant near Dunkirk in northern France. […]
MyP Magnetica Italiana, a producer of flexible magnets and distributor of magnet products, reports that it is planning to expand internationally with the establishment of a new operations and commercial headquarters in Brazil. Based in […]
GKN Powder Metallurgy, a major global provider of powder metal solutions, has committed to enter the production of permanent magnets for the electric vehicle market, aiming to boost supply of permanent magnets for the automotive industry by 4,000 tons per year. […]
Expanding its business in high-reliability electronics, Micross Components has acquired PAAL Technologies, a provider of magnetic components for military and aerospace markets, and also picked up part of Semtech Corporation. PAAL supplies military-standard data bus […]
More price rises have been put into effect by Carpenter Technology, manufacturer of magnetic powders and other specialty alloys. The latest round took effect July 5 and mimics the 12-15% rate hike on new, non-contract […]
Business is booming at e-mobility machinery maker Aumann AG of Beelen, Germany. Orders and revenues have jumped significantly from a year ago. Flush with cash and business growth, the manufacturer of coil winding machinery and […]
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