Vacuumschmelze, one of the world’s leading producers of magnetic materials and products has announced it will build a major new magnet factory in South Carolina that will supply domestically produced magnets in the USA. The move comes shortly after the company, based in Hanau, Germany, was acquired by investment group Ara Partners in October. […]
Advanced Magnet Lab is progressing with the development toward commercial manufacturing of its PM-Wire magnets, having received a new patent related to its “powder-in-tube” process for manufacturing them and, separately, forging an expanded business relationship […]
A torrent of financing commitments and infrastructure development are centered around Hastings Technology Metals of Perth, Australia as it builds toward the start of production in early 2025 at its Yangibana Rare Earths Project in remote Western Australia. […]
For design engineers, simulations can be important tools in the product development process but actual performance by a prototype is a welcomed step better. That’s the status at materials company Proterial where a prototype motor built with its innovative new ferrite magnets confirmed the promising results from an earlier simulation model – challenging the performance of neodymium magnets in EV motors. Separately, the company announced that it is embracing artificial intelligence techniques in its efforts to develop more new advanced materials serving a variety of markets. […]
Industrial separations company Eriez has promoted Jaisen Kohmuench to be president & CEO, effective January 1, 2024, to succeed current president & CEO, Lukas Guenthardt, who is retiring at the end of 2023. Meanwhile, Eriez continues its growth path of product development in growing applications, a recent one involving equipment for removing tramp magnetic materials encountered in glass manufacturing. […]
Sinomag Technology, one of China’s largest producers of permanent magnet ferrite and soft magnetic products, has begun a new expansion to its sprawling production base and, also, recently received a key supplier award from Bosch. […]
Targeting to boost its production capacity of sintered neodymium magnets to 8,000 tons per year, Zhaobao Magnet of Ningbo, China is building a large new factory with plans to go onstream next year. Formally known as Ningbo Zhaobao Magnet Co., Ltd., the company is one of China’s highest-volume magnet manufacturers. […]
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